Archive · 23 Sep 2026
Lalithaa Jewellery Shares Hit Upper Circuit After Store Expansion
Lalithaa Jewellery Mart’s share price rose as much as 5% on the stock exchange.
It reached ₹352.80 per share.
The company’s share price is now much higher than its IPO price of ₹201.
Lalithaa also opened a new jewellery showroom in Mayiladuthurai, Tamil Nadu.
This brought its total number of stores to 66.
The company earned more revenue in the first quarter of FY27 than it did a year earlier.
However, its operating profit and net profit were lower.
The company said stable gold prices reduced some gains from its inventory.
It expects weddings and festivals to continue supporting jewellery demand.
Lalithaa Jewellery Mart shares hit a 5% upper circuit at ₹352.80 on the BSE on 23 September.
The stock has gained about 36% in September and nearly 75% from its ₹201 IPO price.
The company opened its 66th showroom in Mayiladuthurai, Tamil Nadu, increasing its store count from 61 to 66 since April 2026.
Q1 FY27 revenue rose 26% year-on-year to ₹6,035 crore, while EBITDA and profit after tax declined.
The company said wedding and festive demand remain supportive, while it plans disciplined expansion across Southern India.
- Who
- Lalithaa Jewellery Mart and its shareholders.
- What
- Lalithaa Jewellery Mart shares reached a 5% upper circuit, while the company reported Q1 FY27 results and opened its 66th showroom.
- When
- 23 September; the Q1 FY27 results cover the first quarter of FY27, and the new showroom opened in 2026.
- Where
- The shares traded on the BSE, and the new showroom is in Mayiladuthurai, Tamil Nadu.
- Why
- The share movement occurred as the company expanded its retail network and reported higher revenue, while investors also assessed lower profitability.
- Share price
- ₹352.80 at the 5% upper circuit on the BSE
- IPO price
- ₹201 per share
- September performance
- Up around 36% so far in September
- Store network
- 66 showrooms, up from 61 since April 2026
- Q1 FY27 revenue
- ₹6,035 crore, up 26% from ₹4,794 crore
- Q1 FY27 EBITDA
- ₹376 crore, compared with ₹442 crore a year earlier
- Q1 FY27 PAT
- ₹208 crore, compared with ₹266 crore a year earlier