Why Kalyan Jewellers Share is Falling Today

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Kalyan Jewellers India Limited is one of the biggest jewellery retail chains in India. Founded in 1993 and based in Thrissur, Kerala, the company has built a strong presence with more than 150 stores in India and the Middle East. It offers a wide range of gold, diamond, platinum, and silver jewellery under different brand names like Mudhra, Nimah, Anokhi, Rang, Tejasvi, Ziah, Laya, Glo, Candere, Vedha, Apoorva, and Hera.

Even though the company has been reporting strong growth in recent quarters, its shares have been volatile. On 8 August 2025, the stock saw a sharp fall of more than 9% in a single day, surprising many investors. This article explains the reasons behind this fall, the latest Kalyan Jewellers share news, and the overall outlook for KALYANKJIL.

Company Snapshot – KALYANKJIL at a Glance

Particulars	Details (as of 8 Aug 2025)
Company Name	Kalyan Jewellers India Ltd
Headquarters	Thrissur, Kerala
Sector	Gems & Jewellery
Market Cap	₹56,062.86 crore
52-week High	₹794.60 (2 Jan 2025)
52-week Low	₹399.20 (11 Mar 2025)
P/E Ratio	85.31
P/B Ratio	14.56
Latest Close Price	₹526.05

Strong Q1 FY26 Results But Stock Still Fell

For the quarter ending June 2025 (Q1 FY26), Kalyan Jewellers posted impressive results:

Revenue: ₹7,268 crore (31% higher year-on-year)
Net Profit: ₹264 crore (up 48.73% from ₹178 crore last year)

This growth was mainly due to strong sales during Akshaya Tritiya and the wedding season. But despite these positive numbers, the stock fell sharply on 8 August 2025, trading at ₹534.95 intraday and ending nearly 8% down.

Several factors led to the sudden decline in KALYANKJIL shares:

1. Fluctuating Gold Prices

Gold price movements directly impact jewellery demand. When gold prices are unstable, customers often delay big purchases. This uncertainty made some investors cautious, which affected Kalyan Jewellers share news sentiment.

2. High Base Effect from Last Year

Last year’s numbers got a boost due to a customs duty cut on gold, which spiked demand. Comparing this year’s sales to that inflated base makes the growth rate look weaker, even though business is healthy.

3. Weakness in Technical Charts

Technical analysts observed repeated failure for the stock to break above ₹620. The Relative Strength Index (RSI) stayed below 40, indicating weakness. Traders booked profits, adding pressure to the price.

4. Broader Market Weakness

The midcap and smallcap segments were under selling pressure in early August 2025 due to tariff concerns and mixed earnings. Kalyan Jewellers was among the top losers in the Nifty Midcap 150 index.

5. Concerns Over Candere’s Loss

Candere, the company’s online jewellery platform, grew revenue by 67% to ₹66 crore but posted a ₹10 crore net loss. While not huge compared to overall earnings, it raised concerns about digital profitability.

6. Allegations of Market Manipulation

Some social media posts and market discussions claimed possible manipulation in KALYANKJIL futures and options. Complaints were filed with the exchanges, but these remain unproven. Even so, such rumours can hurt investor confidence.

7. Profit Booking After a Big Rally

The stock had rallied over 40% in the three months before January 2025. High valuations (P/E of 85.31) made it an attractive time for some investors to book profits.

Why Kalyan Jewellers Share is Falling Today – Latest KALYANKJIL News and Analysis

Here’s how KALYANKJIL performed in 2025 so far:

Date	Price (₹)	Comment
2 Jan 2025	794.60	52-week high
11 Mar 2025	399.20	52-week low
8 Aug 2025	534.95	Intraday low after 9% fall
8 Aug 2025 (Close)	526.05	Ended day down 7.9%

Year-to-date, the stock is down around 29%, while the Nifty 50 index is up 4% in the same period.

Positive Factors for the Long Term

While the short-term drop in KALYANKJIL looks worrying, there are reasons to remain positive about the company’s long-term prospects.

Strong Indian and International Growth

Indian operations saw 18% same-store sales growth in Q1 FY26. The Middle East contributed 15% to revenue and grew 26% year-on-year.

Expansion Through Asset-Light Model

Kalyan is expanding through a franchise-owned, company-operated (FoCo) model. This reduces debt, lowers interest costs, and improves cash flow.

Analyst Support

Out of nine analysts tracking the stock, eight recommend a ‘Buy’. Price targets range from ₹670 to ₹700, indicating potential upside of more than 25%.

Focus on Regional Brands

The company is launching state-specific jewellery brands to target local preferences, which can help capture a larger customer base.

Challenges That Could Keep Pressure on KALYANKJIL

Even with strong fundamentals, certain risks could keep the share price under pressure:

Gold price volatility can impact buying patterns.
High valuation leaves little room for disappointment.
Candere’s losses may continue in the short term.
Negative market sentiment in midcap space could drag the stock further.

Should You Buy, Sell, or Hold?

Whether to invest in KALYANKJIL depends on your strategy and risk appetite.

Reasons to Buy:

Consistent revenue and profit growth
Aggressive expansion plans
Strong festive season demand expected
Majority analyst buy ratings

Reasons to Wait or Avoid for Now:

Ongoing short-term volatility
High P/E ratio
Technical weakness in charts
Broader market correction risk

Expert Views on the Stock

Market experts have mixed views:

Short-term traders may look to sell on any bounce because of weak technical signals.
Long-term investors may see this dip as a buying opportunity given the company’s expansion and earnings growth potential.

Q1. Why did KALYANKJIL fall over 9% on 8 August 2025?
The fall was due to gold price volatility, high base effect from last year, technical chart weakness, broader market selling, and some profit booking.

Q2. Is this fall linked to poor earnings?
No. In fact, earnings were strong in Q1 FY26. The decline is more about market sentiment and technical factors.

Q3. What is the future outlook for Kalyan Jewellers share price?
Analysts expect long-term growth due to expansion and strong demand, but short-term volatility may continue.

Q4. What is the 52-week high and low of KALYANKJIL?
High: ₹794.60 (Jan 2025), Low: ₹399.20 (Mar 2025).

The sharp fall in KALYANKJIL on 8 August 2025 has drawn a lot of attention, especially given the strong quarterly results. The decline seems to be more about short-term sentiment, profit booking, and gold price uncertainty than about the company’s business performance.

Long-term investors may view this as a healthy correction, while short-term traders should be cautious. The next few months — especially the festive season — will be key in deciding whether Kalyan Jewellers share news turns positive again.

Why Kalyan Jewellers Share is Falling Today – Latest KALYANKJIL News and Analysis

Company Snapshot – KALYANKJIL at a Glance