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Kalyan Jewellers Share Price Target 2026: Amid global uncertainty driven by geopolitical tensions and inflationary pressures, precious metals and equities have shown volatility. However, selective opportunities continue to emerge, with certain companies demonstrating resilience, offering investors a chance to navigate market turbulence and capitalise on long-term value creation.
Market sentiment remains cautious amid geopolitical tensions
In these months of sustained pressure in the precious metals market, largely driven by mounting inflation concerns stemming from the West Asia conflict, investor sentiment has remained cautious.
Geopolitical tensions, particularly the ongoing friction between Iran and the United States, have extended their influence beyond gold and silver, impacting global equity markets, which have mirrored this uncertainty with a discernible downward trend.
| Name | 1W | 1M | 3M | 6M |
| Kalyan Jewellers | -3.1 | -8.5 | -23.6 | -22.3 |
| Gold | -11.9 | -14.3 | -1.6 | 18.03 |
| Silver | -12.3 | -20.4 | -3.4 | 58.30 |
| Nifty 50 | -2.8 | -9.8 | -12.3 | -8.5 |
| Sensex | -3.4 | -10.6 | -14 | -10.1 |
Brokerage firm Motilal Oswal views the recent downtrend as an opportunity for investors to capitalise and potentially earn higher returns.
Strong growth momentum and upside potential
Despite the recent decline, Kalyan Jewellers continues to demonstrate strong growth momentum, making it an attractive investment opportunity in 2026, according to Motilal Oswal. The brokerage has set a target price of Rs 550, indicating a potential upside of around 49 per cent from current levels.
As of 12:30 am, the company’s shares were trading 1.9 per cent higher, up Rs 6.8 at Rs 369.45.
The company benefits from resilient demand in India’s organised jewellery market, even amid rising gold prices.
Expansion strategy driving growth
Kalyan Jewellers is rapidly expanding its footprint, with plans to open 80–90 new stores, strengthening its pan-India presence. Non-South markets are outperforming and contributing significantly to overall revenue growth, MOSL said.
Its digital platform, Candere, is also gaining traction. The platform has turned profitable and is attracting new customers, particularly in the lightweight and studded jewellery segments. Additionally, improving operational efficiencies and vendor consolidation are supporting margin expansion.
Focus on financial strength
According to the brokerage, the company is focusing on deleveraging and is targeting a debt-free status by FY27. This move is expected to enhance profitability through lower interest costs.
Although short-term geopolitical risks may affect its Middle East operations, the long-term outlook remains positive.
Why have gold and silver prices declined recently
Gold and silver prices have declined due to a combination of global economic factors. A stronger US dollar has made precious metals more expensive for international buyers, reducing demand.
At the same time, expectations of higher interest rates or delayed rate cuts by central banks have lowered the appeal of non-yielding assets like gold.
Rising inflation and oil prices have also shifted investor focus toward interest-bearing assets. Interestingly, geopolitical tensions, such as the Middle East conflict, have strengthened the dollar instead of boosting gold’s safe-haven demand.
Profit booking after a strong rally and weakened investor sentiment have further contributed to the decline. Silver has fallen more sharply due to its sensitivity to industrial demand.
Investment Outlook
Overall, strong earnings growth, expanding market share, and improving financial health position Kalyan Jewellers as a compelling stock for investors seeking long-term gains, despite ongoing market volatility.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
