To offset higher gold costs, retailers are focusing on exchange, lower price points
Jewellery retailer DP Abhushan is targeting Rs 15,000 crore in revenue by 2029-30, and plans to increase its store count to 51, particularly across tier-II and III cities, a top company executive said. "Currently, we have 12 stores in Madhya Pradesh and Rajasthan. But now, we are expanding to Gujarat, Chhattisgarh and Maharashtra. "We have set a target of 51 stores by 2029-30, mainly in central, north and west India. For this phase of expansion, we are adopting a franchise model, as well as company-owned," DP Abhushan Promoter Vikas Kataria told PTI. He said the company achieved Rs 4,065.13 crore revenue in FY26, and with this expansion, it is eyeing Rs 15,000 crore topline by FY30. DP Abhushan is targeting to be present in 7-8 states, he added. The company is entering Chhattisgarh with a store in Raipur. In Maharashtra, it is exploring Nagpur and Nasik, and Dahod and Baroda in Gujarat, he said. Meanwhile, in Madhya Pradesh and Rajasthan, Kataria said, the company is continuing t
TBZ share price hit a new high of ₹480.85 on Friday, surging 93% over its open offer price of ₹249.61 per share.
Mandatory hallmarking for gold jewellery and artefacts has been expanded to 392 districts, adding 12 districts across nine states to the BIS framework
Analysts believe Titan remains one of India's highest-quality consumer discretionary franchises, supported by category leadership, strong execution and multiple growth levers.
Titan registered a strong all-round performance in Q1FY27 with domestic business growing by 37% driven by 39% growth in the jewellery business, while international business grew by 128%.
Jewellery led growth across Titan's portfolio, while the company expanded its retail footprint by adding 77 stores during the April-June quarter
Thangamayil Jewellery share price hit a new high of ₹6,393.55 in intra-day deals on Tuesday, and has appreciated 105% from its March low of ₹3,119.35.
Aditya Birla Group's jewellery brand plans to expand its retail footprint to 200-250 stores while focusing on customer experience, assortment and brand building
India's gold recycling market is expanding rapidly as rising prices push households to exchange old jewellery, but customers must watch for purity checks, deductions and opaque valuation practices
The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15 per cent, from 4 per cent earlier, a move that could spur the grey market, the All India Gems and Jewellery Council (GJC) said on Wednesday. "Business is now going to become difficult on the back of the Prime Minister's austerity measures and following the import duty hike in bullion. What the industry fears is that this will give rise to grey market... smuggling is likely to grow, setting up a parallel economy in the country," GJC chairman Rajesh Rokde told PTI. Explaining the duty hike, Rokde said, now the import duty that includes Customs Duty, GST and Agricultural Cess will make gold costlier by around Rs 27,000 per 10 grams from the earlier Rs 13,500/10 gm. He said the GJC has called an all-associations meeting of the industry in Mumbai on Wednesday to mull over the recent policy decisions and decide on further action. Meanwhile, jewellery retailer Senco Gold
Gold-related stocks are likely to remain in focus post 15% import duty hike. In the last two days, these shares tumbled up to 15% after PM Modi appealed to Indians to abjure buying gold for a year.
The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee
Shipments have been stuck at customs since the start of the financial year on April 1, ensnared by administrative bottlenecks and a lack of clarity over taxes
India's gold investment demand jumped 54 per cent to 82 tonnes between January and March, overtaking jewellery for the first time since 2000, while jewellery's share fell to a record low 44 per cent
Titan, Kalyan Jewellers, Sky Gold and Thangamayil Jewellery can potentially rally up to 15 per cent from here, believes Om Mehra, technical research analyst at SAMCO Securities.
Titan's domestic jewellery business delivered strong revenue growth in Q4 owing to the upcoming wedding season, festivals such as Gudi Padwa and Eid during the quarter, said ICICI Securities.
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
Additionally, the share of gold loans in overall retail loans of banks has now doubled to 6 per cent (January 2026), from 3 per cent as of January 2025
Changes shift gold jewellery limits to a weight-based system and remove value caps on personal electronics to improve traveller convenience