Jewellery Stocks Gain Up to 10% Amid Market Volatility
Jewellery Stocks Rally Up to 10% Amid Robust Business Updates
Shares of jewellery companies such as PC Jeweller, Kalyan Jewellers, and Senco Gold witnessed strong buying action in Tuesday's trading session, April 7, despite a weak broader market sentiment. The jewellery stocks rallied up to 10% on the back of robust business updates for the March quarter (Q4) of the last fiscal year and reports of a reduction in base import prices of precious metals.
The companies are optimistic about the upcoming Q1FY27, driven by the summer wedding season demand and Akshay Tritiya. This could further drive the topline for the industry. Among the three companies, PC Jeweller emerged as the leader, with its stock surging 9.6% to ₹9.29 apiece following a strong jump in standalone revenue and an improving debt position.
| Company | Stock Price (April 7) | Percentage Change |
|---|---|---|
| PC Jeweller | ₹9.29 | 9.6% |
| Kalyan Jewellers | ₹437.45 | 4% |
| Senco Gold | ₹X (not provided) | 3% |
PC Jeweller's standalone revenue was higher by 32% year-on-year (YoY), with consistent performance across all sectors contributing to FY26 emerging as a positive year with a revenue growth of almost 49% YoY. The company remains committed to achieving a debt-free status in the near future and has successfully reduced its outstanding debt of banks under the terms of the Joint Settlement Agreement by approximately 23% during the quarter.
Kalyan Jewellers recorded a revenue growth of approximately 64% on a YoY basis for the quarter ended March and for the full year FY2026, revenue growth stood at approximately 42%, driven by wedding and discretionary demand despite volatile gold prices. The company's India operations witnessed revenue growth in excess of 65% during Q4 and 43% in FY26, driven primarily by strong same-store-sales-growth (SSSG) across most of the key markets.
| Company | Q4 FY2026 Revenue Growth (YoY) | FY2026 Revenue Growth (YoY) |
|---|---|---|
| Kalyan Jewellers | 64% | 42% |
| Senco Gold | 46% | 35% |
Senco Gold achieved a wedding season-led growth of 46% YoY in Q4 FY26, leading to a ~35% YoY growth for FY26 as compared to 21% YoY growth in FY25. The company launched seven new showrooms in Q4, reaching a milestone of 201 total showrooms and plans to launch 20-25 stores in FY 27, with a focus on opening more franchise stores.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Investor Takeaway
Investors should be optimistic about the jewellery sector's performance in Q1FY27 due to the summer wedding season demand and Akshay Tritiya.
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