Kalyan Jewellers' Q1FY26 revenue jumped 31% YoY to ₹7,268 crore, with profit up 49% to ₹264 crore, driven by strong demand in India and the Middle East. SEBI RA Rajneesh Sharma flagged ₹604 as a major technical hurdle despite the bullish structure. A breakout with strong volume could target ₹680–700, while failure may trigger consolidation toward ₹508–520.