Kalyan Jewellers share price jumps 12% after Q3 net profit surges 90% YoY

The scrip jumped 11.7 per cent to the day's high of ₹424.70 on the National Stock Exchange (NSE)

Kalyan Jewllers India share price today

Kalyan Jewellers India share price jumped nearly 12 per cent in Monday's session after its third-quarter (Q3FY26) net profit nearly doubled. The scrip jumped 11.7 per cent to the day's high of ₹424.7 on the National Stock Exchange (NSE). 

 

As of 10:27 AM, Kalyan Jewellers India share price was trading 10.8 per cent higher at ₹421.4 per share. Around 23.5 million shares have changed hands on NSE thus far. 

 

In the last 12 months, Kalyan Jewellers India's share price fell 21.84 per cent, as against a 9.5 per cent advance in the Nifty 50 index.   FOLLOW LATEST STOCK MARKET UPDATES TODAY LIVE

 

Why did Kalyan Jewellers India share price rise today?

Kalyan Jewellers India share price rose on Monday after the company reported a significant increase in net profit during the October–December quarter (Q3Y26). The bottom line jumped 90 per cent on year to ₹416.3 crore from ₹219 crore in the same quarter a year ago. 

 

The revenue increased 42 per cent on year to ₹10,343.4 crore in the third quarter (Q3FY26) ₹7,278.1 crore last year, according to an exchange filing. 

Check detailed Q3 result of Kalyan Jewellers India

Outlook

Kalyan Jewellers India is focused on increasing the share of revenue from non-south markets in India. In the international markets, the company will carry out a calibrated expansion in the Middle East noting good business traction for the last two years.  Kalyan Jewellers India is targeting the same store sales growth (SSSG) of mid to high single digits going forward. 

 

The company expects the capital-efficient franchise store strategy may accelerate the return on capital employed (ROCE) from the current levels. The capital-light franchise store strategy will also drive the new showroom openings.  ALSO READ | SBI shares hit record high after Q3; brokerages raise target up to ₹1,300

Motilal Oswal Financial Services| Buy | target price: ₹600

According to Motilal Oswal Financial Services, Kalyan Jewellers India’s growth momentum continued in the December quarter (Q3FY26). The jeweller has beaten the brokerage's estimates.

 

Kalyan Jewellers India has established itself as a leading brand with the scale-up of franchise business and stable-success in non-southern markets, Motilal Oswal Financial Services said.

 

The brokerage maintained a constructive view on Kalyan Jewellers India, noting its consistent customer acquisition, improved operating margin, and deleveraging balance sheet.  Motilal Oswal Financial Services estimates 21 per cent revenue, 18 per cent Earnings before Interest, tax, depreciation, and amortisation (Ebitda), and 22 per cent profit after tax (PAT) compound annual growth rates (CAGR) for the financial years 2026, 2027, and 2028.  

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