Kalyan Jewellers (BSE: KLY) jumped 0.5% to ₹549.6 after announcing a 27% year‑on‑year revenue rise for its India operations, the company’s Q2 business update said.
The lift was powered by a 20% same‑store sales growth, while international operations grew 18% and West Asia added 12%. The domestic segment alone saw a 27% boost, beating Titan’s 22% growth in the same period.
Its sub‑brand Candere posted a 64% revenue surge, signaling premium demand. Meanwhile, Kalyan sold a ₹86 crore non‑core real‑estate parcel and plans to dispose of a ₹16 crore asset this quarter.
Non‑gold‑metal debt fell to zero after a targeted deleveraging drive. Analysts note the contrast to Titan, which still carries a 15% debt‑to‑equity ratio.
Looking ahead, Kalyan aims to finish the remaining asset sale and target a debt‑free balance sheet by year‑end, positioning the firm for a potential earnings lift in Q3.