Kalyan Jewellers share price slumps 6% on profit booking post Q3 update; Should you buy or sell?
Live MintKalyan Jewellers shares dropped by 6.2 per cent in early trading on Wednesday, January 8, reaching a low of ₹677.55 on the BSE. The stock declined after investors engaged in profit booking, following the company's Q3 update that highlighted a year-on-year revenue growth of nearly 41 per cent. Kalyan Jewellers experienced a revenue increase of around 22 per cent in the Middle East compared to the same period last financial year. Kalyan’s digital-first jewellery brand, Candere, achieved a remarkable year-on-year revenue growth of around 89% and introduced 23 new showrooms in Q3 FY 2025. We have already started signing LOIs for the Franchisee Owned Company Operated showrooms planned for the next financial year in India and international markets,” the company added.