On Wednesday at 11:32 a.m., Kalyan Jewellers India’s shares slid 2.19% to ₹589.00, making it one of the biggest losers on the Nifty Midcap 150 index. Despite the dip, market sentiment remains bullish toward the stock.
The company reported strong growth in the quarter ended June 2026. Consolidated revenue rose to ₹10,588.93 crore, up 45.67% from ₹7,268.48 crore in the same period last year. Net profit increased 31.95% to ₹348.67 crore, and EPS reached ₹3.38 from ₹2.56.
Over five years, consolidated revenue surged to ₹35,742.86 crore in March 2026, a 230.40% jump from ₹10,817.93 crore in March 2022. Net profit grew 502.77% to ₹1,350.40 crore, and EPS climbed from ₹2.18 to ₹13.08. ROE improved from 7.14% to 21.40%, while the debt‑to‑equity ratio fell from 1.07 to 0.08.
Standalone sales rose to ₹31,027 crore in March 2026, up 242.63% from ₹9,056 crore in March 2022. Net profit for the standalone business jumped 499.53% to ₹1,285 crore. In Q2 2026, standalone sales were ₹9,025 crore, a 47.01% increase, and net profit was ₹321 crore, up 25.39%.
Cash flow from operating activities hit ₹1,587 crore for the year ending March 2026, up from ₹108 crore in March 2022. Investing activities caused a ₹481 crore outflow, while financing activities led to a ₹1,170 crore outflow, giving a net cash outflow of ₹64 crore. The balance sheet totals ₹17,054 crore in assets and liabilities, with fixed assets ₹1,305 crore and current assets ₹12,295 crore.
Key standalone ratios show a basic EPS of ₹12.45, gross profit margin of 7.60%, net profit margin of 4.14%, and return on equity of 20.99%. The debt‑to‑equity ratio is 0.05, P/E 30.19 and P/B 6.34. The company declared a final dividend of ₹2.50 per share for 2026, up from ₹1.50 in 2025 and ₹1.20 in 2024.
With a trading price of ₹589, Kalyan Jewellers continues to attract investor attention in the Nifty Midcap 150. Analysts note that the strong earnings trend may support a rebound in share price.