Seeking insights on Kalyan Jewellers: Hold or exit strategy?

I recently invested in Kalyan Jewellers, expecting strong performance due to the Indian wedding season, which typically drives gold and jewelry sales. My decision was based on their extensive retail presence, the cultural demand for gold, and Kalyan’s reputation as a trusted brand. However, the stock has been falling significantly, making me question whether this is just short-term volatility or a sign of deeper issues like weak fundamentals, intense competition, or operational challenges. For those familiar with this stock or the jewelry industry, is there reason to believe a recovery is likely, or would it be better to cut my losses now? Any insights or analysis would be greatly appreciated! Thank you in advance!