Kalyan Jewellers Plunges 13% Despite Stellar 49% Q1 Profit Surge

Gold glitters, but Kalyan's stock doesn't—shares nosedive 13% in a single session despite posting a rock-solid 49% profit jump. Someone tell Wall Street that fundamentals still matter.

Market whiplash:
Investors dumped the stock like last season's collection—proving once again that short-term traders couldn't spot value if it hit them with a solid gold bar.

The irony:
A 49% earnings boom should've been a victory lap. Instead, it became a fire sale. Classic case of 'buy the rumor, sell the news'—with extra Indian market volatility sauce.

The closer:
Next time someone says 'markets are rational,' show them this chart. Then sell them a bridge—preferably one made of 'undervalued' jewelry stocks.

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Commenting on the results, Kalyan Jewellers India Executive Director Ramesh Kalyanaraman, said, “We have started off the ongoing quarter well despite continuing volatility in Gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns.”

At 10.13 am, the stock traded 7.89 per cent lower at ₹544.30 on the NSE, hitting an early low of ₹535 from the day’s opening at ₹615 against the previous close of ₹590.95.

Published on August 8, 2025