Kalyan Jewellers' stock rallied on strong Q2 results and steps to monetize non-core land assets and reduce debt

Wed 7 Oct 2026

Overall growth

27 percent

Same store sales growth

20 percent

Candere growth

over 60 percent

Land parcel monetized

86 crore rupees

Further land parcel planned

16 crore rupees

Heard on business television between 14:37:47 - 14:40:47 IST.

• Reported 27% overall growth with 20% same store sales growth.
• Middle East business returned to growth after geopolitical tensions, with around 12% same store sales growth there.
• Candere brand grew over 60% on a low base.
• Monetized non-core land parcels worth nearly 86 crore rupees this quarter, with another worth about 16 crore planned.
• Non-gold metal loans on balance sheet now stand at zero, boosting investor confidence.
• Valuation discount versus Titan now around 40-45%, versus widest of 60% and narrowest of 35% previously.

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