Overview
- Kalyan’s stock fell about 8–9% in early trading to roughly ₹351.55 on Tuesday, extending the share decline in 2026 to more than 27%.
- The company reported consolidated revenue growth of around 38% year‑on‑year for Q1 FY27 and same‑store sales growth of about 28%.
- Kalyan’s international business grew roughly 35% and its digital brand Candere delivered about 112% revenue growth, while the group added 12 Kalyan showrooms and five Candere stores to reach 524 outlets.
- Market commentary points to two drivers of the drop: investors had high expectations that may have been priced in already, and Titan’s stronger headline growth the day before provided a tougher benchmark.
- Management says demand stayed healthy despite a full 28‑day Adhik Maas in the quarter, and the firm expects momentum into the festive and wedding season, but near‑term stock performance will likely track whether future quarters match sector peers and investor hopes.