In the Q4FY26, Senco Gold reported a revenue growth of 46 per cent year-on-year (Y-o-Y), leading to a 35 per cent Y-o-Y growth for FY26 as compared to 21 per cent Y-o-Y growth in FY25
Precious prices jumped after investors sought shelter in safe havens after the US and Israel attacked Iran over the weekend, adding to worries for equity investors
If tariff rates on gems and jewellery are reduced to zero, it will bring major relief to India's gems and jewellery sector, which counts the US as its largest export market, said ICICI Securities.
Senco Gold reported that its standalone revenue rose 51 per cent Y-o-Y in the December quarter (Q3FY26), compared to 6.5 per cent Y-o-Y revenue growth rate recorded in the previous quarter.
Titan delivered a strong quarter with its core jewellery business growing 18.8 per cent year-on-year (Y-o-Y), backed by 14 per cent like-to-like (LTL) growth.
With gold prices correcting from its high and festive pickup in sales, ICICI Securities expects Titan's EBIDTA margins to sequentially improve in Q3 with better margins in its core jewellery business.