Kalyan Jewellers shares tumbled 12% today; is there more pain ahead?
Kalyan Jewellers India Ltd shares resumed fall on Wednesday after a single-day halt. The stock slumped 12.41 per cent to hit an intraday low of Rs 522.75. It eventually settled 7.02 per cent lower at Rs 554.90. At this price, the scrip has declined 27.29 per cent in a month.
In the third quarter (Q3 FY25), the company said it recorded a consolidated revenue growth of around 39 per cent when compared to the same period in the previous financial year.
“Our India operations witnessed revenue growth of approximately 41 per cent during Q3 FY2025 as compared to Q3 FY2024, led by very strong festive and wedding demand across both gold and studded categories. The quarter recorded healthy same-store-sales-growth of 24 per cent,” it stated. The…
