Shares of India's top jewellery makers jumped sharply on Wednesday after they released strong third‑quarter numbers.
Senco Gold leads the rally
The stock rose about 14% to ₹368.85, its biggest gain of the day. The company reported a 51% year‑on‑year revenue rise, with total revenue now near ₹8,000 crore. It also opened four new stores in different states and aims to open 20 new showrooms in FY26.
- Revenue growth: 51% YoY
- New stores: 4 (plus 11 franchises and 5 company‑owned stores already opened)
- Target: 20 new showrooms in FY26
- Guidance: 25%+ YoY growth for the full year
Titan shows 41% jewellery growth
Titan’s share climbed 4% to a fresh 52‑week high of ₹4,285. Jewellery revenue jumped 41% thanks to higher average selling prices, while gold‑coin sales almost doubled. The company added 47 net new stores in India during the quarter.
- Jewellery revenue: +41% YoY
- Gold‑coin sales: ~100% increase
- New stores: 47 net additions
- Overall consumer business revenue: +40% YoY
Kalyan Jewellers posts 42% revenue rise
Kalyan Jewellers’ stock rose about 2.6% to ₹513.65. The firm said its consolidated revenue grew 42% YoY, driven by robust festive demand and continued strength after Diwali, even as gold prices fluctuated.
- Consolidated revenue: +42% YoY
- Same‑store sales: +27% YoY
- International revenue: +36% YoY
- New showrooms: 21 in India, 1 in the UK, 14 Candere stores
- Total showrooms worldwide: 469
What this means for investors
The strong festive season boosted sales across the board, offsetting the pressure from rising gold prices. Retail investors may see continued upside if the companies keep expanding their store networks and maintain higher selling prices.
Remember, this is perspective, not a prediction. Do your own research and consider consulting a financial advisor before making any investment decisions.