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Economic Times
12-07-2025
- Business
- Economic Times
Gold rally cools but jewellery stocks sparkle with up to 45% return in FY26
Let's take a closer look at what's fueling this rally: Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's top jewellery stocks have put on a dazzling show in FY26, with share prices of PC Jeweller , Kalyan Jewellers, Senco Gold , and Titan Company surging between 10% and 45% so far this fiscal. Although gold prices have eased slightly following a sharp run-up, and macroeconomic uncertainties persist, these stocks have remained unaffected — a testament to the strong investor confidence in the sector's resilience, sustained demand, and promising growth rally isn't just sentiment-driven—it's backed by solid fundamentals. All four players delivered strong Q1 business updates, each benefiting from a combination of factors — including robust revenue growth driven by Akshaya Tritiya sales, regional festivities, and aggressive showroom expansion. Consumer preferences are also evolving, with a clear shift toward lightweight jewellery and gold coins, while brands are bolstering performance through strategic marketing efforts and prudent debt management. Together, these trends highlight the sector's ability to shine even amid challenging macroeconomic performance in FY26 so far shows PC Jeweller leading the pack with a sharp gain of 44%, followed by Kalyan Jewellers India and Senco Gold, both rising about 25%. Meanwhile, Titan—the largest company by market capitalization in the segment—has registered a gain of 12%.PC Jeweller made a powerful comeback in FY26, emerging as the top performer among gold stocks. A massive 80% year-on-year revenue spike in Q1 — thanks to strong wedding and festive demand — set the tone. But what truly caught investor attention was the company's sharp focus on debt reduction, trimming bank borrowings by 7.5% in Q1, following a 50% cut in FY25. With plans to go debt-free by FY26-end, and operational momentum backing that target, investor confidence surged. The market rewarded PC Jeweller's discipline and ambition — with stock prices gleaming early in the fiscal Jewellers is proving the power of multi-channel growth, clocking 31% revenue growth across Indian and international markets in Q1. India operations thrived with an 18% jump in same-store sales, while its digital-first brand Candere soared with 67% growth, fuelled by a fresh marketing campaign and strong online traction. Overseas markets — particularly the Middle East — also held up well, contributing 15% to consolidated revenue. With a massive showroom rollout planned (170 in FY26) and momentum across physical and digital fronts, Kalyan is all set for a golden expansion Gold sparkled this year with a perfect blend of strong festive traction, rapid retail expansion, and creative marketing. Q1 revenue jumped 28%, including 24% YoY retail growth and 19% same-store sales growth (SSSG) — driven by high footfall during Akshaya Tritiya, Poila Baishakh, and Baisakhi. Despite a 32% YoY rise in gold prices, the brand sustained demand with clever tactics like promoting old gold exchange, which made up 40% of total sales. With 9 new stores added in Q1 and fresh campaigns like Bangle Utsav and The Golden Curve drawing crowds, Senco is shaping up as a major contender in the modern jewellery the most diversified and stable player in the pack, continues to play the long game — and win. Tanishq's domestic jewellery business grew 18% YoY in Q1, while high gold prices nudged consumers toward lighter jewellery and gold coins. Though the studded jewellery segment saw slightly muted volume growth, overall ticket sizes increased, helping drive early double-digit Titan's US jewellery business nearly doubled YoY, boosting the company's international revenue by 49%. The company also added 19 jewellery stores in India and launched outlets in Dubai and Sharjah, showcasing its global push. Add in strong growth in watches (+23%) and eyewear (+12%), and Titan proves once again why it remains a solid gold pick in uncertain times.
Time of India
07-07-2025
- Business
- Time of India
Senco Gold shares hit 5% upper circuit after Q1 revenue jumps 28% on festive-fuelled demand
Shares of Senco Gold hit the 5% upper circuit at Rs 367.5 on Monday after the company reported a strong Q1 FY26 performance , driven by festive demand and showroom expansion. Total revenue rose 28% year-on-year, with retail revenue up 24% and same-store sales growth (SSSG) at 19%. Key festivals like Akshaya Tritiya, Poila Baishakh, and Baisakhi boosted footfalls across stores. The company also recorded 10% growth in invoices and SKU volumes. Diamond jewellery volume grew 35%, while gold coins accounted for 4.5% of sales. Domestic gold prices averaged Rs 86,900–1,01,000 per 10 grams, up 32% YoY. Senco launched nine new showrooms, bringing the total to 179, and added a Sennes outlet in Patna, expanding the sub-brand to seven stores. The company also entered Nagpur via the franchise route. Despite some softness in volume—particularly in the mass and bridal segments—value-based demand remained strong, supported by a ~40% contribution from old gold exchange. The company also launched multiple festive campaigns and introduced 11,400 new designs during Q1. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Q2 and FY26 Outlook Senco Gold has already launched nine showrooms and remains on track to meet its FY26 target of 20 new stores. The company has a healthy pipeline of franchisee outlets under the FOFO (Franchisee Owned Franchisee Operated) and FOCO (Franchisee Owned Company Operated) models, and is also exploring franchise expansion for its lifestyle brands — Sennes, Gossip, and Everlite. Sennes, positioned as a modern brand, is expected to maintain its growth momentum. Q2 is typically a seasonally soft quarter, due to the absence of major festivals or weddings, with demand largely dependent on the monsoon. However, factors such as an early onset of monsoon (for the first time in 16 years), a 106% above-average rainfall forecast, and a stable macroeconomic environment have prompted the company to focus on inventory optimisation, festive collections, and a stronger push for diamond and lightweight jewellery. Gold price volatility and upcoming festivals like Raksha Bandhan and Onam will be key demand drivers. The company also noted rising consumer interest in 14K and 18K jewellery, even as the broader industry shifts toward 9K options. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
07-07-2025
- Business
- Economic Times
Senco Gold shares hit 5% upper circuit after Q1 revenue jumps 28% on festive-fuelled demand
Shares of Senco Gold hit the 5% upper circuit at Rs 367.5 on Monday after the company reported a strong Q1 FY26 performance, driven by festive demand and showroom expansion. ADVERTISEMENT Total revenue rose 28% year-on-year, with retail revenue up 24% and same-store sales growth (SSSG) at 19%. Key festivals like Akshaya Tritiya, Poila Baishakh, and Baisakhi boosted footfalls across stores. The company also recorded 10% growth in invoices and SKU volumes. Diamond jewellery volume grew 35%, while gold coins accounted for 4.5% of sales. Domestic gold prices averaged Rs 86,900–1,01,000 per 10 grams, up 32% YoY. Senco launched nine new showrooms, bringing the total to 179, and added a Sennes outlet in Patna, expanding the sub-brand to seven stores. The company also entered Nagpur via the franchise some softness in volume—particularly in the mass and bridal segments—value-based demand remained strong, supported by a ~40% contribution from old gold company also launched multiple festive campaigns and introduced 11,400 new designs during Q1. ADVERTISEMENT Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Senco Gold has already launched nine showrooms and remains on track to meet its FY26 target of 20 new stores. The company has a healthy pipeline of franchisee outlets under the FOFO (Franchisee Owned Franchisee Operated) and FOCO (Franchisee Owned Company Operated) models, and is also exploring franchise expansion for its lifestyle brands — Sennes, Gossip, and Everlite. Sennes, positioned as a modern brand, is expected to maintain its growth momentum. ADVERTISEMENT Q2 is typically a seasonally soft quarter, due to the absence of major festivals or weddings, with demand largely dependent on the monsoon. However, factors such as an early onset of monsoon (for the first time in 16 years), a 106% above-average rainfall forecast, and a stable macroeconomic environment have prompted the company to focus on inventory optimisation, festive collections, and a stronger push for diamond and lightweight price volatility and upcoming festivals like Raksha Bandhan and Onam will be key demand drivers. The company also noted rising consumer interest in 14K and 18K jewellery, even as the broader industry shifts toward 9K options. ADVERTISEMENT Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
07-07-2025
- Business
- Business Standard
Smallcap jewellery stocks surge; PC Jeweller zooms 15%, Senco Gold 4%
Smallcap jewellery stocks today Shares of smallcap jewellery companies were in focus today as they rallied up to 15 per cent on the BSE in Monday's intraday trade after the companies reported healthy business updates for the quarter ended June, 2025 (Q1FY26). PC Jeweller share price surged 15 per cent to ₹19.15 per share on the BSE in Monday's intraday trade, amid heavy volumes. The stock price of the company was trading close to its 52-week high level of ₹19.60, which it had touched on December 18, 2024. In the past one week, the smallcap stock has zoomed 55 per cent from a level of ₹12.32, which it had touched on June 30, 2025. Average trading volume on the counter jumped over three-fold today with around 188 million equity shares, together, changing hands on the NSE and BSE. Meanwhile, shares of Senco Gold and Thangamayil Jewellery were trading higher by 4 per cent and 2 per cent, respectively. In comparison, the BSE Sensex was up marginally by 0.02 per cent at 83,446 at 09:42 AM. Why is PC Jeweller stock price rising in July? On July 3, 2025, PC Jeweller said that despite the volatility in the gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent in Q1FY26, as compared to the corresponding quarter of the previous financial year (Q1FY25). The company said it witnessed high demand for its products on account of wedding / festive purchases by its customers during Q1FY26. Further, PC Jeweller is optimistic about delivering exceptional performance in the upcoming quarters as well. "The recently concluded quarter has been very promising and fulfilling for the company. The company closed this quarter on a very strong note, clocking robust performance, riding on its customers' trust and goodwill," PC Jeweller said in an exchange filing. Separately, the company has already reduced its outstanding debt towards its bankers by more than 50 per cent during FY 2024-25. "The company is targeting and is confident of discharging its complete obligations due towards its bankers by the end of FY2026 and thereby become debt free. For achieving its target, the company has further reduced its outstanding debts towards its bankers by another approximately 7.50 per cent during the quarter," PC Jeweller said. Senco Gold Q1FY26 business update and outlook Senco Gold reported a robust performance in Q1FY26 with retail revenue rising 24 per cent year-on-year (Y-o-Y) and total revenue increasing by approximately 28 per cent. The surge was driven by heightened consumer demand during key regional festivals and a continued focus on expanding the company's retail footprint. Festive occasions like Akshay Tritiya, Poila Baishakh (West Bengal), Baisakhi (Punjab), Bihu (Assam), and Ramnavmi served as powerful consumption levers for the company, significantly boosting footfall and driving sales across Senco Gold's nationwide showroom network. Despite the price volatility, consumer demand remained robust, underscoring gold's enduring appeal as both a cultural and financial asset. In line with its aggressive growth strategy, Senco Gold launched nine new showrooms during Q1FY26, bringing its total jewellery store count to 179. Q2 usually has no festivals or wedding demand, and is driven by Monsoon-led demand and usually lower than Q1. With an early onset of monsoon (first time in the last 16 years) and above average rainfall prediction of 106 per cent and stable macroeconomic environment, the management of Senco said that they are now preparing for Q2 with focus on inventory optimisation, festive collections, and accelerating diamond and lightweight jewellery lines. "Price volatility in gold and upcoming festivals like Raksha Bandhan and Onam will shape consumer demand in Q2. We see a growing consumer demand for 14K and 18K jewellery, while the industry is working towards 9K jewellery," the management said.
Business Upturn
07-07-2025
- Business
- Business Upturn
Senco Gold shares jump 4% as Q1 revenue rises 28% YoY
By Aman Shukla Published on July 7, 2025, 09:18 IST Senco Gold shares rose 4% in Monday morning trade after the jewellery retailer posted an impressive performance for the first quarter of FY26. The company reported a 24% YoY jump in retail revenue, while total revenue climbed nearly 28%, reflecting strong consumer demand and a strategic growth push. The surge in sales was largely driven by festive shopping during occasions like Akshay Tritiya, Poila Baishakh, Baisakhi, Bihu, and Ramnavmi, which brought heavy footfall across Senco's showrooms nationwide. In line with its expansion plans, Senco added nine new stores in Q1, taking its total showroom count to 179. This aggressive network expansion appears to be paying off, with wider reach translating into stronger revenues. The company also benefited from a sharp uptick in domestic gold prices, which averaged ₹86,900–₹1,01,000 per 10 grams during the quarter. That's a 32% increase YoY and a 5% rise compared to the previous quarter, further supporting topline growth. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
