Editor’s Note
This article highlights a significant surge in jewelry sector stocks, driven by strong quarterly business updates. The performance of key players like Senco Gold, Titan, and Kalyan Jewellers underscores investor confidence in the industry’s recent growth.
Shares of companies in the jewelry sector witnessed a strong rally in the early trading session on the stock market. Major jewelry stocks like Senco Gold, Titan, and Kalyan Jewellers surged up to 14% in early trade. According to a livemint report, the strong Q3FY26 business updates released by these companies were behind this stellar performance. Senco Gold’s stock appeared to be the best performer, reaching an intraday high of ₹368.85 with a gain of nearly 14%.
Meanwhile, Titan’s shares jumped 4% to reach a new 52-week high of ₹4,285 on the BSE. On the other hand, Kalyan Jewellers’ stock was seen trading up 2.60% at ₹513.65. Companies stated that strong festive demand led to good growth in business, although there was some pressure on volumes due to the sharp rise in gold prices.
Senco Gold registered a stellar 51% growth year-on-year during the festive season. The company said its TTM revenue has reached nearly ₹8,000 crore, reflecting strong brand positioning, a loyal customer base, and consistent growth. The company has opened four new stores in four different states and is progressing towards achieving its target of opening 20 new showrooms in FY26. The company has expressed confidence that it will achieve over 25% annual growth in FY26.
Titan said that due to festive demand, its jewelry portfolio recorded 41% year-on-year growth. This increase was primarily driven by a sharp surge in the average selling price, which compensated for the decline in the number of customers. The company said sales of gold coins nearly doubled. Overall, including watches, eyewear, and other emerging businesses, Titan’s consumer business revenue grew 40% year-on-year.
Kalyan Jewellers stated in an exchange filing that Q3FY26 was “extremely encouraging” for it. The company reported that consolidated revenue grew 42% year-on-year due to strong festive season demand. The company said that despite volatility in gold prices, demand remained strong even after Diwali. Same-store sales grew by approximately 27%, while international revenue grew 36% year-on-year. During this quarter, Kalyan Jewellers opened 21 Kalyan showrooms in India, 1 showroom in the UK, and 14 Candere showrooms in India.