Kalyan Jewellers shares hit 52-week high, rally 41% in 9 sessions; should you buy after Q2 results 2026? Check target

Résumé détaillé

Kalyan Jewellers shares rose for a ninth straight session, hitting a 52-week high after Q2 FY27 net profit climbed 64% to ₹427 crore and revenue grew 32% to ₹10,323 crore. Motilal Oswal retained its Buy rating, while technical analysts flagged potential gains and cautioned about consolidation.

Kalyan Jewellers India shares extended their winning streak for the ninth consecutive session on Thursday, November 12, rising as much as 6% to hit a fresh 52-week high after the jewellery retailer reported a strong earnings performance for the quarter ended September 2026. The stock touched an intraday high of ₹702.30, taking its rally to around 115% from its 52-week low of ₹327.15, recorded in June 2026.

The jewellery stock has surged 41% over the past nine trading sessions, while it has gained 24% in one week and 22% over the past month. The stock has advanced 16% in three months and 92% in six months. Over the past year, it has added 36%. Its long-term performance has also been impressive, with Kalyan Jewellers delivering multibagger returns of 796% over five years.

The latest rally followed a strong set of September quarter results, with the company's consolidated net profit rising 64% year-on-year, supported by robust revenue growth and healthy demand.

Kalyan Jewellers reported a 64% year-on-year increase in consolidated net profit to ₹427 crore in Q2 FY27, compared with ₹260.51 crore in the corresponding quarter last year. Revenue from operations rose 32% to ₹10,323 crore from ₹7,856 crore in the year-ago period.

The company's performance was also strong during the first half of FY27. Consolidated net profit increased 48% year-on-year to ₹776 crore in H1 FY27, compared with ₹525 crore a year earlier. Revenue grew 38% to ₹20,912 crore from ₹15,125 crore in the corresponding period last year.

Commenting on the performance, Executive Director Ramesh Kalyanaraman said the ongoing festive quarter had started on a strong note, with encouraging growth during Navratri and Dhanteras. He added that the company remained optimistic about the upcoming wedding season and expected to end the quarter on a strong note.

Motilal Oswal Financial Services has maintained its Buy rating on Kalyan Jewellers, with a price target of ₹700, citing strong earnings growth and 20% same-store…

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