Shares of Kalyan Jewellers India fell nearly 9 per cent on Tuesday despite the company reporting a strong business update for the first quarter of FY2027.The stock declined to ₹348.35 on the NSE from the previous close of ₹381.25.The company said its India operations recorded revenue growth in excess of 38 per cent during Q1 FY2027 compared with Q1 FY2026. The recently concluded quarter also recorded same-store-sales-growth of approximately 28 per cent.For the month of June, the share of recycled gold as a percentage of revenue was in excess of 55 per cent.International operations recorded revenue growth of approximately 35 per cent during the recently concluded quarter compared with the same period of the previous financial year.Within the Middle East, the company reported revenue growth of approximately 30 per cent for Q1 FY2027 compared with Q1 FY2026, driven predominantly by same-store sales growth despite the impact on footfall during April due to geopolitical tensions in the region. International markets contributed approximately 14 per cent to consolidated revenue during the quarter.The company’s digital-first jewellery platform, Candere, recorded revenue growth of approximately 112 per cent during the recently concluded quarter compared with the same period last year.During the quarter, Kalyan Jewellers launched 12 Kalyan showrooms and five Candere showrooms in India.Published on July 7, 2026