Kalyan Jewellers shares extend slide, tumble 5% after Q1 results; down 11% in four days
Kalyan Jewellers shares fell 5% to ₹562.70 due to disappointing June quarter earnings. Year-on-year net profit rose 32%, but profit declined sequentially. Revenue increased 46% YoY, although gross and EBITDA margins were impacted by changing sales dynamics.
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