New Delhi, April 7 -- Kalyan Jewellers Ltd. shares dropped by over 4 per cent following the release of its fourth-quarter business update on Monday. At 10:55 am, the jewellery stock was trading at Rs.470 apiece on National Stock Exchange (NSE) on April 7.

Kalyan Jewellers reported that its India operations saw a revenue increase of about 39 per cent in the March quarter year-on-year, largely fueled by strong wedding-related demand. It also noted a solid same-store sales growth (SSSG) of around 21 per cent during the quarter.

The company opened 25 new showrooms across India during the fourth quarter, followed by an additional three showrooms in the first week of April 2025.

In the Middle East, the company reported a revenue increase of ...