A strong rise was seen in the shares of jewelery sector companies in the stock market in the initial session. Major jewelery stocks like Senco Gold, Titan and Kalyan Jewelers rose up to 14% in early trade. According to the news of livemint, the reason behind this excellent performance of these companies was the strong business update of Q3FY26 released by them. Shares of Senco Gold appeared to be the best performer and rose by about 14% to reach the day’s high of ₹368.85.
Meanwhile, Titan shares jumped 4% to a new 52-week high of ₹4,285 on BSE. Here, shares of Kalyan Jewelers were seen trading 2.60% higher at ₹ 513.65. Companies say that due to strong demand during festivals, there was good growth in business, although there was some pressure on volumes due to the sharp rise in gold prices.
Senco Gold: 51% annual growth
Senco Gold registered an impressive growth of 51% YoY during the festive season. The company says its TTM revenue has reached nearly ₹8,000 crore, reflecting strong brand positioning, loyal customer base and consistent growth. The company has opened four new stores in four different states and is on track to achieve the target of opening 20 new showrooms in FY26. The company has expressed confidence that it will achieve more than 25% annual growth in FY26.
41% growth in Titan’s jewelery business
Titan says its jewelery portfolio recorded an annual growth of 41% due to festive demand. This increase was mainly due to a sharp increase in the average selling price, which offset the decline in customer base. The company says that sales of gold coins almost doubled. Overall, Titan’s consumer business revenue, including watches, eyecare and other emerging businesses, grew 40% year-on-year.
Strong performance by Kalyan Jewelers
Kalyan Jewelers said in an exchange filing that Q3FY26 was “extremely encouraging” for it. The company said that due to strong demand of the festive season, consolidated revenue recorded an annual increase of 42%. The company says that despite fluctuations in gold prices, demand remained strong even after Diwali. Same-store sales were up nearly 27%, while international revenue grew 36% year-over-year. During the quarter, Kalyan Jewelers opened 21 Kalyan showrooms in India, 1 showroom in UK and 14 Candre showrooms in India.
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