Kalyan Jewellers Share: sharp dip after results—opportunity or warning?

Source: Kalyan Jewellers Share: sharp dip after results—opportunity or warning?

Kalyan Jewellers: Price Dip, Strong Revenues—How to Read It?
The stock fell ~9% despite 31% YoY revenue growth as gross margins eased with the FOCO mix. Management is doubling down on scale with ~170 stores in FY26, while top brokerages remain constructive (targets up to ₹700).
In our post:
• What FOCO adds (asset-light, ROCE) vs. what it takes (lower gross margin %)
• Key technical zones: ~₹500–₹520 support, ~₹600–₹620 resistance
• What must improve (studded mix, SSSG, inventory turns)
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