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Home / Business and Economy / Kalyan Jewellers Shares Tumble Over 25% in Nine Sessions

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 Shares Tumble Over 25% in Nine Sessions

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.

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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.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Kalyan Jewellers' share price dropped to its 52-week low due to a significant decline over nine consecutive sessions.
Kalyan Jewellers is scheduled to announce its December quarter earnings on Friday, February 6.
Motilal Oswal expects Kalyan Jewellers' India business revenue to rise by 38% for the December quarter.

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