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Kalyan Jewellers Stock Plummets Despite Strong Q1 Earnings
Kalyan Jewellers Stock Plummets Despite Strong Q1 Earnings
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BTCCSquare news:
Kalyan Jewellers' shares tumbled nearly 13% from their opening price today, brushing against the lower circuit limit, despite reporting a robust 49% year-on-year surge in quarterly profit. The jewellery retailer posted ₹264 crore in consolidated net profit for Q1 2025, with revenues climbing 31% to ₹7,268 crore.
Executive Director Ramesh Kalyanaraman struck an optimistic tone about upcoming festive demand, citing preparations for new collection launches. The stock's sharp decline to ₹544.30 on NSE—after opening at ₹615—reflects market skepticism despite strong fundamentals.
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