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Kalyan Jewellers Shares Tumble Over 25% in Nine Sessions
21 Jan
Summary
- Kalyan Jewellers' stock reached a 52-week low on January 21.
- Shares have fallen over 25% in the past nine consecutive sessions.
- The company's December quarter earnings are scheduled for February 6.
Kalyan Jewellers' share price plunged nearly 14% to its 52-week low of ₹390 on Wednesday, January 21. This marks the ninth consecutive session of decline, with the stock falling over 25% during this period.
The company is slated to announce its December quarter financial results on Friday, February 6. Motilal Oswal Financial Services anticipates a 38% rise in Kalyan Jewellers' India business revenue.
This growth is expected to be driven by a 25% same-store sales increase, influenced by gold price appreciation. The brokerage firm also forecasts 47 store additions, bringing the total to 483 by the end of Q3FY26.
Motilal predicts a slight dip in gross profit margin in India to 12.2% due to promotional schemes and franchise expansion. EBITDA margin is expected to contract by 20 basis points YoY to 6.5%. In the Middle East, revenue growth is projected at 9% YoY with stable EBITDA margins.
