Kalyan Jewellers shares tumble 7% despite strong Q1 update. Details here

Kalyan Jewellers shares declined around 7% despite reporting about 38% year-on-year consolidated revenue growth in Q1 FY27, supported by healthy consumer demand and strong same-store sales. India business revenue rose over 38% with same-store sales growth of around 28%, while the international business grew around 35% YoY and Middle East operations nearly 30%. Investors appear to have booked profits ahead of detailed quarterly earnings, with the stock having corrected around 35% over the past year.