Kalyan Jewellers Surges 13% Amid Gold Price Rally, Extends Gains to 26% in 3 Weeks

Kalyan Jewellers’ stock soared 13% on April 2, continuing its three-week rally of 26% as investor confidence strengthened in the jewellery sector. The surge follows record-breaking gold prices that have reached nearly ₹91,000 per 10 grams, driving renewed buying interest in jewellery stocks.

The heavy trading volumes indicate strong institutional and retail participation, suggesting continued bullish sentiment in the stock.

Gold Prices Boost Jewellery Stocks

The ongoing rally in gold prices is a significant factor influencing Kalyan Jewellers' stock performance. The precious metal has been on an upward trajectory due to:

• Global economic uncertainty, leading investors to seek gold as a safe-haven asset.

• Weaker US dollar, making gold more attractive for investors.

• Stronger wedding and festival demand in India, boosting jewellery purchases.

With India being one of the largest gold consumers, rising gold prices often translate into increased revenue for jewellery companies, leading to higher stock valuations in the sector.

Kalyan Jewellers: Market Position & Growth

Founded by T.S. Kalyanaraman, Kalyan Jewellers is one of India’s top 5 jewellery retailers, commanding 6% of the organized market. The company designs and sells gold, studded, and heritage jewellery across different price segments.

Product Portfolio & Brand Positioning

✅ Wedding Jewellery – Premium gold, diamonds, and precious stones under the Mahurat brand.
✅ Aspirational Jewellery – High-end handcrafted designs under Mudhra, Rang, and others.
✅ Value-Conscious Jewellery – Affordable regional jewellery under Aishwaryam.
✅ Studded Jewellery – Diamonds, Polki, and colored stones under Nimah, Tejasvi, Ziah, Hera brands.
✅ Digital-First Jewellery – The company owns Candere, a digital-first lifestyle jewellery brand.

The company’s product mix currently consists of:
Gold Jewellery – 73%
Studded Jewellery – 25%

Stock Outlook: What’s Next for Kalyan Jewellers?

With strong industry tailwinds, Kalyan Jewellers is poised for potential further upside if gold prices remain strong. However, investors should watch for:

• Profit booking after the recent rally.

• Earnings performance in the upcoming quarter.

• Consumer demand trends post-festival season.

Bottom Line: Kalyan Jewellers’ recent 13% jump and 26% 3-week rally reflect strong investor confidence amid record gold prices and robust market positioning. If gold prices continue their upward trend, jewellery stocks may see further upside.

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