Synopsis: BofA Securities Europe SA acquired a 0.79 percent stake in Kalyan Jewellers through a Rs. 385.33 crore bulk deal, reflecting strong institutional confidence in the company.
This Mid-cap Jewellery Stock, engaged in the design, manufacture, retail, and sale of gold, diamond, platinum, silver, and precious stone jewellery across India and international markets, jumped 10.74 percent after BofA Securities purchased 81.82 lakh shares in the company.
With a market capitalization of Rs. 54,218.86 crores, the share of Kalyan Jewellers India Limited has reached an intraday high of Rs. 527.40 per equity share, rising nearly 10.74 percent from its previous day’s close price of Rs. 476.25. Since then, the stock has retreated and is currently trading at Rs. 525 per equity share. Kalyan Jewellers India Limited touched an intraday high of Rs. 527.40, rising 48.67 percent from its closing price of Rs. 354.75 on July 7, 2026.
Reason Behind the Rally
BofA Securities Europe SA made a significant bulk purchase in Kalyan Jewellers India by buying 81.82 lakh shares, representing 0.79 percent of the company’s equity. The deal was valued at approximately Rs 385.33 crore, with the shares purchased at Rs 470.95 per share. Such a large investment by a global institutional investor reflects a strong interest in the company.
Q1 FY27 Quarterly Update and Brokerage Viewpoint
Kalyan Jewellers India Limited delivered a strong performance in the first quarter of FY2027, with consolidated revenue rising around 38 percent year-on-year. Its India business also recorded over 38 percent growth, supported by healthy demand and 28 percent same-store sales growth. The company’s “Shine with India” gold recirculation campaign received a positive response, while international operations grew by around 35 percent. Its digital jewellery platform, Candere, reported an impressive 112 percent revenue growth compared to the previous year.
Citi has maintained its “Buy” rating on Kalyan Jewellers with a target price of Rs. 750 per share, despite the June quarter revenue being slightly below its estimates. The brokerage remains optimistic due to the company’s franchise-led expansion strategy, strong growth in Candere, and expectations of healthy festive demand and continued expansion in both domestic and international markets.
Retail Network and Showrooms
Kalyan Jewellers India Limited continued to strengthen its retail presence during the first quarter of FY2027 by opening 12 Kalyan showrooms and 5 Candere showrooms across India. As of June 30, 2026, the company operated 524 showrooms globally, including 354 in India, 38 in the Middle East, 2 in the United States, 1 in the United Kingdom, and 129 Candere showrooms. With its expanding retail network and the upcoming festive and wedding season, the company remains confident of maintaining strong business growth in the coming quarters.
Company Overview
Kalyan Jewellers India Limited is one of India’s leading jewellery retailers, specializing in the design, manufacture, and sale of gold, diamond, platinum, silver, and precious stone jewellery. Founded in 1993 and headquartered in Thrissur, Kerala, the company has established a strong brand presence through its wide network of retail showrooms and customer-focused approach.
The company operates across India, the Middle East, the United States, and the United Kingdom, serving a large and diverse customer base. It also owns Candere, its digital-first jewellery brand, which enhances its omnichannel strategy by offering customers a seamless online and offline shopping experience while strengthening its position in the growing online jewellery market.
Recent Quarter Results
Coming into financial highlights, Kalyan Jewellers India Limited’s revenue has increased from Rs. 6,182 crore in Q4 FY25 to Rs. 10,275 crore in Q4 FY26, which has grown by 66.21 percent. The net profit has also grown by 118.09 percent from Rs. 188 crore in Q4 FY25 to Rs. 410 crore in Q4 FY26. Kalyan Jewellers India Limited’s revenue and net profit have grown at a CAGR of 33 percent and 195 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 20.5 percent and 24.8 percent, respectively. Kalyan Jewellers India Limited has an earnings per share (EPS) of Rs. 13.1, and its debt-to-equity ratio is 0.97x.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
