National News
Kalyan Jewellers India Limited Recorded Revenue In Excess Of Rs 20,900 Crore and PAT of Rs 776 Crore For The First Half Of FY27
The company recorded consolidated revenue of Rs 20,912 crore for the first half of FY27 as against Rs 15,125 crore in the previous financial year, a growth of 38%. Consolidated PAT for the first half of FY27 was Rs 776 crore as against a PAT of Rs 525 crore for the same period in the previous financial year, a growth of 48%.
Consolidated revenue and PAT for Q2 FY27 was Rs 10,323 Cr and Rs 427 Cr respectively, a growth of 31% and 64% respectively.
Standalone revenue (India) and PAT for Q2 FY27 was Rs 9,007 Cr and Rs 424 Cr respectively, a growth of 32% and 62% respectively.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India Limited said:
“The ongoing festive quarter has started off very well and we are very encouraged by the growth on the ground, especially during Navratri and Dhanteras. We are upbeat about the wedding season and look forward to ending the quarter on a strong note.”
National News
Gold Edges Higher On MCX In Early Trade
Precious metals had tumbled sharply on Thursday after stronger-than-expected US inflation prints fueled a rally in the US dollar and Treasury yields.
Domestic gold prices staged a modest recovery in morning trade on Friday following a sharp sell-off in the previous session, as bargain hunting emerged across domestic and international bullion markets.
As of 10:00 AM IST, benchmark December gold futures on the Multi Commodity Exchange (MCX) opened and traded around the Rs. 1,36,000 per 10 grams mark, gaining roughly 0.6% from Thursday’s close of Rs. 1,36,225. In the domestic spot and retail markets, indicative rates for 24-karat gold hovered between Rs. 1,36,160 and Rs. 1,38,490 per 10 grams depending on local taxes and jeweller premiums, while 22-karat gold traded near Rs. 1,24,810 to Rs. 1,26,950 per 10 grams.
Global Cues and Market Drivers
The early uptick mirrors a slight rebound in overseas markets, where COMEX gold futures rose 0.2% to trade near $3,893 per ounce. Precious metals had tumbled sharply on Thursday—with MCX gold shedding 2.5%—after stronger-than-expected US inflation prints fueled a rally in the US dollar and Treasury yields.
Investors are increasingly pricing in potential interest rate hikes by the US Federal Reserve in December and early 2027, keeping upside gains capped.
Gold Edges Higher On MCX In Early Trade
Kalyan Jewellers India Limited Recorded Revenue In Excess Of Rs 20,900 Crore and PAT of Rs 776 Crore For The First Half Of FY27
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