Kalyan Jewellers India Ltd shares surged 7.5% to close at ₹476.15 on the National Stock Exchange on Friday, July 10, following the announcement of a significant institutional investment. BofA Securities Europe SA purchased 81.82 lakh shares, equivalent to a 0.79% stake, in the jewellery retailer for ₹385.33 crore at ₹470.95 per share through open market transactions. This substantial investment by the global financial services giant has reinforced investor confidence in the company's strong Q1 performance and growth prospects.
Kalyan Jewellers India Ltd shares had previously hit a 10% upper circuit at ₹411.75 on Thursday, July 9, gaining 16% over two sessions after the company reported an estimated 38% year-on-year growth in consolidated Q1 revenue for FY27. According to the latest stock exchange filing dated July 7, the strong performance was driven by robust demand in India and healthy same-store sales growth across key markets, despite the seasonal impact of Adhik Maas. The company recorded same-store sales growth of around 28% during the quarter, demonstrating resilience even with the traditional slowdown in wedding-related purchases that occurs once every three years.
Kalyan Jewellers India Ltd emerged as one of the most actively traded stocks in the Gems, Jewellery and Watches sector on July 8, 2026, with total traded volume of 77.79 lakh shares translating to a substantial traded value of approximately ₹284.38 crores. The stock opened at ₹360.00 and touched an intraday high of ₹370.80, marking a 4.52% rise from the previous close of ₹354.75. The delivery volume surged by 261.08% to 64.05 lakh shares against the five-day average, indicating strong accumulation by investors. This performance notably outpaced the Gems, Jewellery and Watches sector, which declined marginally by 0.03%, and the Sensex, which fell by 0.71% on the same day.
The company's international operations posted strong performance with revenue growth of approximately 35% year-on-year during the quarter. In the Middle East, revenue grew around 30% YoY, largely driven by same-store sales growth despite weaker footfall in April due to geopolitical tensions in the region. According to the latest business update, international markets contributed approximately 14% to consolidated revenue for the recently concluded quarter. This international expansion demonstrates the company's successful diversification strategy and strong brand presence across multiple geographies.
