{"id":299902,"date":"2026-10-09T17:50:10","date_gmt":"2026-10-09T12:20:10","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299902"},"modified":"2026-10-09T17:50:10","modified_gmt":"2026-10-09T12:20:10","slug":"kalyan-jewellers-india-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/","title":{"rendered":"Kalyan Jewellers India Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Kalyan Jewellers India share price Rs 554.00 (9 October 2026). Base target Rs 665, bull Rs 796, downside risk Rs 443. PE 39.88. 52W range Rs 327.05 to Rs 648.95.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Kalyan Jewellers India share price target for 2027 is Rs 665, about 20.0% above the current price of Rs 554.00. The bull case is Rs 796, and the downside risk level, which is not a target, is Rs 443. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 50.0%, with the stock holding its PE of 39.88. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Kalyan Jewellers India target price for 2027 should start with where the stock sits today. At Rs 554.00 on 9 October 2026, it is 14.6% below its 52-week high of Rs 648.95 and 69.4% above its 52-week low of Rs 327.05. That range spans 98% from low to high, so the entry point matters as much as the Kalyan Jewellers India price forecast itself.<\/p>\n<p>This article builds the Kalyan Jewellers India share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 665 base case and the Rs 796 bull case were reached, along with a downside risk level of Rs 443.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=kalyan-jewellers-india-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Kalyan_Jewellers_India_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Kalyan Jewellers India Stock Analysis: Company Overview and Key Stats\">Kalyan Jewellers India Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Why_Is_Kalyan_Jewellers_India_Share_Price_Target_Set_at_Rs_665_for_2027\" title=\"Why Is Kalyan Jewellers India Share Price Target Set at Rs 665 for 2027?\">Why Is Kalyan Jewellers India Share Price Target Set at Rs 665 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Earnings_Growth_Behind_the_Kalyan_Jewellers_India_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Kalyan Jewellers India Target Price: Five Years of Results\">Earnings Growth Behind the Kalyan Jewellers India Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Valuation_Check_for_the_Kalyan_Jewellers_India_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Kalyan Jewellers India Stock Target: PE, Price to Book and ROE\">Valuation Check for the Kalyan Jewellers India Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Kalyan_Jewellers_India_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Kalyan Jewellers India Share Price Targets for the Short Term and 12 Months\">Kalyan Jewellers India Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Short_Term_Kalyan_Jewellers_India_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Kalyan Jewellers India Stock Target Levels: Technical Setup\">Short Term Kalyan Jewellers India Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#12_Month_Kalyan_Jewellers_India_Target_Price_for_2027\" title=\"12 Month Kalyan Jewellers India Target Price for 2027\">12 Month Kalyan Jewellers India Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Kalyan_Jewellers_India_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Kalyan Jewellers India Target Price\">How EPS Growth and PE Multiple Change the Kalyan Jewellers India Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Kalyan_Jewellers_India_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Kalyan Jewellers India Stock Target in 2027\">Bull Case and Downside Risk for Kalyan Jewellers India Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Bull_Case_Rs_796\" title=\"Bull Case Rs 796\">Bull Case Rs 796<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Downside_Risk_Level_Rs_443\" title=\"Downside Risk Level Rs 443\">Downside Risk Level Rs 443<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Key_Risks_to_the_Kalyan_Jewellers_India_Target_Price_for_2027\" title=\"Key Risks to the Kalyan Jewellers India Target Price for 2027\">Key Risks to the Kalyan Jewellers India Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Kalyan_Jewellers_India_Price_Target\" title=\"Growth Slowdown Risk for the Kalyan Jewellers India Price Target\">Growth Slowdown Risk for the Kalyan Jewellers India Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#How_to_Invest_in_Kalyan_Jewellers_India\" title=\"How to Invest in Kalyan Jewellers India\">How to Invest in Kalyan Jewellers India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#FAQs_on_Kalyan_Jewellers_India_Share_Price_Target_2027\" title=\"FAQs on Kalyan Jewellers India Share Price Target 2027\">FAQs on Kalyan Jewellers India Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#What_is_the_Kalyan_Jewellers_India_share_price_target_for_2027\" title=\"What is the Kalyan Jewellers India share price target for 2027?\">What is the Kalyan Jewellers India share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#What_is_the_Kalyan_Jewellers_India_share_price_today\" title=\"What is the Kalyan Jewellers India share price today?\">What is the Kalyan Jewellers India share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Is_Kalyan_Jewellers_India_a_buy_or_sell_at_the_current_price\" title=\"Is Kalyan Jewellers India a buy or sell at the current price?\">Is Kalyan Jewellers India a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Kalyan_Jewellers_India_shares\" title=\"What are the bull case target and downside risk level for Kalyan Jewellers India shares?\">What are the bull case target and downside risk level for Kalyan Jewellers India shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#What_are_the_main_risks_to_the_Kalyan_Jewellers_India_price_target\" title=\"What are the main risks to the Kalyan Jewellers India price target?\">What are the main risks to the Kalyan Jewellers India price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#What_is_the_PE_ratio_of_Kalyan_Jewellers_India_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Kalyan Jewellers India and how does it compare with the industry?\">What is the PE ratio of Kalyan Jewellers India and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#Who_owns_Kalyan_Jewellers_India_and_what_is_the_promoter_holding\" title=\"Who owns Kalyan Jewellers India, and what is the promoter holding?\">Who owns Kalyan Jewellers India, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/kalyan-jewellers-india-share-price-target-2027\/#What_were_Kalyan_Jewellers_Indias_latest_quarterly_results\" title=\"What were Kalyan Jewellers India&#8217;s latest quarterly results?\">What were Kalyan Jewellers India&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Kalyan_Jewellers_India_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Kalyan Jewellers India Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kalyan Jewellers India (NSE: KALYANKJIL) has a market capitalisation of Rs 57,214 crore. In FY26 it reported revenue of Rs 35,951 crore and net profit of Rs 1,350 crore. The table collects the figures the Kalyan Jewellers India share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/kalyankjil\/kalyan-jewellers-india-ltd-share-price-today\">Kalyan Jewellers India<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>KALYANKJIL<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 554.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 648.95<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 327.05<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 57,214 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>39.88<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>45.91<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>9.07<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>21.41%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.97<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 13.89<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.45%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 665<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 796<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 443<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Kalyan_Jewellers_India_Share_Price_Target_Set_at_Rs_665_for_2027\"><\/span><strong>Why Is Kalyan Jewellers India Share Price Target Set at Rs 665 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Kalyan Jewellers India stock target of Rs 665 applies a PE multiple of 39.88 to a forward EPS estimate of Rs 16.67. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 20.0% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Kalyan_Jewellers_India_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Kalyan Jewellers India Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Kalyan Jewellers India grew revenue from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew faster, from Rs 224.03 crore to Rs 1,350 crore (56.7% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>10,856.23<\/td>\n<td>224.03<\/td>\n<td>2.18<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>14,109.34<\/td>\n<td>431.93<\/td>\n<td>4.20<\/td>\n<td>0.50<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>18,621.99<\/td>\n<td>596.28<\/td>\n<td>5.80<\/td>\n<td>1.20<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>25,189.67<\/td>\n<td>714.17<\/td>\n<td>6.93<\/td>\n<td>1.50<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>35,950.88<\/td>\n<td>1,350.39<\/td>\n<td>13.05<\/td>\n<td>2.50<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 42.7%, faster than the four-year average of 34.9%, and net profit moved up 89.1%. EPS rose from Rs 5.80 in FY24 to Rs 13.05 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Kalyan Jewellers India converted 3.8% of FY26 revenue into net profit, against 2.8% in FY25, within a five-year range of 2.1% to 3.8%. EBITDA margin was 7.4% in FY26 versus 6.6% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 10,645 crore, up 45.5% from the same quarter a year earlier, while net profit of Rs 348.67 crore was up 32.0%. EBITDA came in at Rs 688.26 crore, up 24.2% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.97, and shareholders&#8217; equity grew from Rs 3,138 crore in FY22 to Rs 6,309 crore in FY26. Operating cash flow in FY26 was Rs 1,318 crore against capital expenditure of Rs 406.11 crore, leaving free cash flow of Rs 911.41 crore, or 1.6% of the current market capitalisation. In FY25 free cash flow was Rs 744.57 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Kalyan_Jewellers_India_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Kalyan Jewellers India Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 39.88 against an industry PE of 45.91, Kalyan Jewellers India trades at a discount to its industry. Price to book is 9.07 on a book value of Rs 61.09 per share, and return on equity is 21.41%. A PE of 39.88 equals an earnings yield of 2.5%, and the FY26 dividend of Rs 2.50 per share gives a yield of 0.45%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 62.86% of Kalyan Jewellers India in June 2026, and promoter holding has stayed near 62.86% since June 2025. Foreign institutional investors (FII) held 10.82% and domestic institutions (DII) held 15.83%, which puts total institutional holding at 26.65%. FII holding fell from 16.83% in June 2025 to 10.82% in June 2026. Public shareholders own the remaining 10.49%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Kalyan_Jewellers_India_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Kalyan Jewellers India Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Kalyan_Jewellers_India_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Kalyan Jewellers India Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 554.00 on 9 October 2026, Kalyan Jewellers India trades below its 50-day simple moving average of Rs 590.79 and above its 200-day exponential moving average of Rs 502.79. The 14-day RSI reads 40.2, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 590.79 (50-day simple moving average) and the nearest support is Rs 502.79 (200-day exponential moving average). A sustained move above Rs 590.79 would improve the short-term setup, while a close below Rs 502.79 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Kalyan_Jewellers_India_Target_Price_for_2027\"><\/span><strong>12 Month Kalyan Jewellers India Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Kalyan Jewellers India is Rs 665: forward EPS of Rs 16.67 at a PE of 39.88. That is 20.0% above Rs 554.00. It would also push the stock above its 52-week high of Rs 648.95.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Kalyan_Jewellers_India_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Kalyan Jewellers India Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 31.90<\/th>\n<th>PE 39.88<\/th>\n<th>PE 45.86<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 13.89)<\/td>\n<td>Rs 443<\/td>\n<td>Rs 554<\/td>\n<td>Rs 637<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 16.67)<\/td>\n<td>Rs 532<\/td>\n<td>Rs 665<\/td>\n<td>Rs 764<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 17.36)<\/td>\n<td>Rs 554<\/td>\n<td>Rs 692<\/td>\n<td>Rs 796<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Kalyan Jewellers India price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Kalyan_Jewellers_India_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Kalyan Jewellers India Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_796\"><\/span><strong>Bull Case Rs 796<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Kalyan Jewellers India price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 17.36, and a PE multiple that rises 15% to 45.86. That gives Rs 796, 43.7% above the current price and above the 52-week high of Rs 648.95, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_443\"><\/span><strong>Downside Risk Level Rs 443<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 13.89 and the PE falls 20% to 31.90. That gives Rs 443, 20.0% below the current price and above the 52-week low of Rs 327.05.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>45.86<\/td>\n<td>Rs 796<\/td>\n<td>+43.7%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>39.88<\/td>\n<td>Rs 665<\/td>\n<td>+20.0%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>31.90<\/td>\n<td>Rs 443<\/td>\n<td>-20.0%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Kalyan_Jewellers_India_Target_Price_for_2027\"><\/span><strong>Key Risks to the Kalyan Jewellers India Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Kalyan_Jewellers_India_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Kalyan Jewellers India Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 45.5% year on year, and FY26 revenue growth was 42.7%. If growth slows from here, the EPS estimate behind the Kalyan Jewellers India stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Kalyan Jewellers India has a market capitalisation of Rs 57,214 crore. Institutional holding is 26.65%, and promoters hold 62.86%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 3.8% in FY26, so a small slip in costs moves profit noticeably. At a PE of 39.88 versus an industry PE of 45.91, a de-rating toward the downside-risk PE of 31.90 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 14.6% below its 52-week high, with an RSI of 40.2 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Kalyan_Jewellers_India\"><\/span><strong>How to Invest in Kalyan Jewellers India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Kalyan Jewellers India share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 554.00 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Kalyan Jewellers India&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Kalyan Jewellers India fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Kalyan Jewellers India target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Kalyan Jewellers India live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Kalyan Jewellers India share price target for 2027 is Rs 665 in the base case, with Rs 796 as the bull case. The support for that view is arithmetic you can check: EPS grew 50.0% a year over FY24 to FY26, and the stock trades at a PE of 39.88. The risks are equally concrete, including a stock that sits 14.6% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Kalyan_Jewellers_India_Share_Price_Target_2027\"><\/span><strong>FAQs on Kalyan Jewellers India Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Kalyan_Jewellers_India_share_price_target_for_2027\"><\/span><strong>What is the Kalyan Jewellers India share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Kalyan Jewellers India share price target for 2027 is Rs 665, with Rs 796 as the bull case. The downside risk level, which is not a target, is Rs 443. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Kalyan_Jewellers_India_share_price_today\"><\/span><strong>What is the Kalyan Jewellers India share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:29 PM IST, Kalyan Jewellers India trades at Rs 554.00, up 0.09% on the day. The 52-week range is Rs 327.05 to Rs 648.95.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Kalyan_Jewellers_India_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Kalyan Jewellers India a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 50.0% a year over FY24 to FY26, but the stock is 14.6% below its 52-week high. Whether Kalyan Jewellers India fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Kalyan_Jewellers_India_shares\"><\/span><strong>What are the bull case target and downside risk level for Kalyan Jewellers India shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 796, which assumes 25.0% EPS growth and a PE of 45.86. The downside risk level is Rs 443, which assumes flat EPS and a PE of 31.90. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Kalyan_Jewellers_India_price_target\"><\/span><strong>What are the main risks to the Kalyan Jewellers India price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 57,214 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Kalyan_Jewellers_India_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Kalyan Jewellers India and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Kalyan Jewellers India is 39.88 against an industry PE of 45.91. Price to book is 9.07 and return on equity is 21.41%. The base case in the Kalyan Jewellers India price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Kalyan_Jewellers_India_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Kalyan Jewellers India, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 62.86% of Kalyan Jewellers India in June 2026. FII held 10.82%, DII held 15.83% and the public held 10.49%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Kalyan_Jewellers_Indias_latest_quarterly_results\"><\/span><strong>What were Kalyan Jewellers India&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Kalyan Jewellers India reported revenue of Rs 10,645 crore (up 45.5% year on year) and net profit of Rs 348.67 crore (up 32.0%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Kalyan Jewellers India share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Kalyan Jewellers India share price target for 2027 is Rs 665, with Rs 796 as the bull case. The downside risk level, which is not a target, is Rs 443. 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FII held 10.82%, DII held 15.83% and the public held 10.49%.\"}},{\"@type\":\"Question\",\"name\":\"What were Kalyan Jewellers India's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Kalyan Jewellers India reported revenue of Rs 10,645 crore (up 45.5% year on year) and net profit of Rs 348.67 crore (up 32.0%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalyan Jewellers India share price target 2027: base Rs 665, bull Rs 796, downside risk level Rs 443, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":38,"featured_media":299901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299901"],"rank_math_title":["Kalyan Jewellers India Share Price Target 2027"],"rank_math_description":["The Kalyan Jewellers India share price target for 2027 is Rs 665 versus Rs 554.00 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Kalyan Jewellers India share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/kalyan-jewellers-india-share-price-target-2027-base-and-bull-targets-built-on.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299902"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299902\/revisions"}],"predecessor-version":[{"id":299903,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299902\/revisions\/299903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299901"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}