Kalyan Jewellers shares rose 4% on Monday, 9 November 2026, ahead of the company's Q4 FY27 results announcement. The stock has demonstrated remarkable momentum with 20.97% gains over the past week, 20.92% over two weeks, and 10.21% over the past month. Over the past six months, it has surged 43.65%, taking its year-to-date gains to 26.12%. The rally comes after the company reported more than 26% year-on-year revenue growth and approximately 20% same-store sales growth in its Q2 FY27 business update. According to reports from LiveMint, the company's board of directors is scheduled to meet on Tuesday, 10 November 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
Kalyan Jewellers delivered exceptional Q2 FY27 results with consolidated net profit jumping 64% year-on-year to ₹427 crore, compared with ₹260.51 crore in the corresponding quarter last year. The company's revenue from operations increased 32% to ₹10,323 crore in Q2 FY27, against ₹7,856 crore reported in the year-ago period. EBITDA stood at ₹645 crore, demonstrating strong operational efficiency. The company's diluted normalized EPS was ₹3.92, compared to ₹4.33 in the previous quarter and ₹1.33 in Q4 FY25. These results build on the company's strong Q4 FY27 performance where total revenue reached ₹10,274.94 crore with a 66.88% year-on-year increase.
For the first half of FY27, Kalyan Jewellers demonstrated robust growth momentum with net profit growing 48% to ₹776 crore against ₹525 crore in the year-ago period. The company recorded a 38% rise in revenue to ₹20,912 crore compared to ₹15,125 crore in H1 FY26. According to Executive Director Ramesh Kalyanaraman, the ongoing festive quarter has started off very well and the company is encouraged by growth on the ground, especially during Navratri and Dhanteras. "We are upbeat about the wedding season and look forward to ending the quarter on a strong note," Kalyanaraman added. The company's India operations reported revenue growth of 27% during the quarter, with international markets contributing approximately 11% to the company's consolidated revenue.
Technical analysts have identified key resistance and support levels for Kalyan Jewellers stock. According to Rajesh Bhosale, Technical Analyst at My Advisor Alpha, the stock has witnessed a sharp rally from around ₹490 to above ₹600, approaching its September swing high of ₹610. A sustained move above this level could extend the rally towards ₹645–660, with ₹570 identified as immediate support. Gaurav Arora from SAHI noted that the stock has rallied more than 22% in six trading sessions from its late-October low of around ₹500 and is now trading close to ₹610. The stock is approaching the ₹630–650 zone, which acted as resistance between July and September, with ₹560–565 as immediate support below which the stock could revisit its ₹500 base.
