Kalyan Jewellers Shares Rally 15% After Strong Q3 Results; SEBI complaint , F&O Suspension Lift Sentiments
Business
Kalyan Jewellers share price surged sharply in Monday’s mid-day trade, rising nearly 15% after the company reported strong Q3 FY26 results on Sunday, Feb 8th. The Kalyan Jewellers stock had previously declined around 45% year-to-date & this rally shows a strong rebound in the stock.
Kalyan Jewellers share price today, Feb 9
By around 1PM, Kalyan Jewellers shares were trading near Rs. 421 on the BSE, up significantly from the previous close of Rs. 380.25, with heavy trading volumes of about 39 million shares.
SEBI complaint and F&O suspension request Lift Sentiment
Investor sentiment around Kalyan Jewellers stock was further supported after the company approached SEBI, alleging manipulative trading practices in its shares.
The firm has also sought regulatory intervention, including a temporary suspension from the futures & options (F&O) segment until the enquiry is completed. The firm is attempting to stabilise trading activity and protect shareholder value. This contributed to the sharp stock price rally.
Kalyan Jewellers Q3 FY26 results
For the October-December quarter (Q3 FY26), Kalyan Jewellers India Ltd reported a consolidated net profit of Rs. 416.3 crore, up over 90% YoY from Rs. 218.8 crore. The Revenue from operations for the firm stood at Rs. 10,343.4 crore, up more than 42% YoY from Rs. 7,278.1 crore.
International operations also shined this quarter as PAT stood at Rs. 12 crore vs Rs. 8 crore last year rising by 64%. While the revenue growth surged 38% YoY.
Centrum issues BUY call, Rs. 600 target
Brokerage Centrum maintained a BUY rating on Kalyan Jewellers, with a target price of Rs. 600 the firm cited “Industry-leading growth and aggressive store expansion supporting the growth. We Expect a revenue CAGR of ~27% and PAT CAGR of ~35% during FY25-FY28E.”
However, the brokerage flagged execution risks related to Slower-than-guided store additions (40 opened vs guidance of 84) along with new regional brand launches and manufacturing hub strategy, which require close monitoring.
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