Jewellery

Resilient demand to help jewellery retailers maintain growth trajectory

To offset higher gold costs, retailers are focusing on exchange, lower price points

DP Abhushan eyes 51 stores in Tier 2-3 cities, ₹15,000 cr revenue by FY30

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

GRT Jewellers to acquire 74.12% stake in Tribhovandas Bhimji Zaveri

GRT will acquire the stake from the firm's top shareholders and launch an ​open offer for an about 26% additional stake, the companies ‌said in a press release.

GIVA withdraws rakshabandhan advertisement after backlash; stirs a debate

GIVA's withdrawal of its Kriti Sanon Raksha Bandhan ad highlights the tightrope brands walk between creative risk-taking and cultural sensitivities during festive campaigns

Demand growth, execution likely to drive Titan's outperformance

Titan's robust June-quarter performance and growth outlook have prompted earnings upgrades, with jewellery demand, market-share gains and execution supporting prospects

Sky Gold & Diamonds Q1 results: Net profit more than doubles to ₹104.9 cr

Sky Gold & Diamonds Ltd on Sunday reported that its consolidated net profit more than doubled to Rs 104.90 crore for the quarter ended June 30, from Rs 43.58 crore a year earlier, on strong sales growth. Total income rose by 78 per cent to Rs 2,012.8 crore in the April-June quarter from Rs 1,131.2 crore a year earlier, the Mumbai-based jewellery manufacturer said in a regulatory filing. Total expenses rose to Rs 1,885.94 crore from Rs 1,076.70 crore in the year-ago period. "Q1FY27 has been a strong start to the year, with robust growth and sustained margin improvement reflecting disciplined execution and achieving operating efficiency for scale," Managing Director Mangesh Chauhan said. Chauhan said the company continues to see healthy demand for lightweight, versatile and value-added jewellery, adding that its early focus on ultra-lightweight products and an expanding portfolio across lower-carat and diamond-studded categories had helped it respond quickly to shifting consumer ...

Titan sees positive momentum in July, to beat FY30 growth targets: MD

The growth momentum witnessed in the first quarter of the current fiscal has continued in July, Titan Managing Director Ajoy Chawla said, adding that the company is on course to deliver the improvement targets after a strong start this fiscal year. "The growth we have seen in the first quarter, and we are also seeing that July is not bad. I am seeing a certain positivity so far in the last four months," Chawla said, addressing analysts after the company's June quarter earnings. While acknowledging that near-term performance would depend on external factors, he said Titan remains on track to achieve the growth trajectory outlined earlier and could even do better this year. "We think we are on trajectory for delivering the kind of growth that we had promised on the Investor Day, and we hope that we can, in fact, better it in the current year because we have started very well," he said. On the jewellery business, which contributes around 90 per cent of Titan's topline, Chawla reiterat

India's gem and jewellery exports climb 26% in June; gold leads growth

India's gem and jewellery exports jumped 26.5% in June, led by a 54.5% surge in gold jewellery shipments, signalling a recovery in global demand despite geopolitical risks

Retailers likely to report robust Q1 on positive demand sentiment

Brokerage reports state that mass categories performed well during the quarter and the sector was aided by store expansion

PC Jeweller posts 21% growth in Q1 revenue; to be debt free in Sep quarter

PC Jeweller Ltd on Thursday reported 21 per cent growth in consolidated revenue during the first quarter of this fiscal and said it will become a debt-free company during the July-September period. In a regulatory filing, the company said that it concluded the first quarter of 2026-27 with a consolidated revenue growth of about 21 per cent year-on-year. "Debt reduced by more than 90 per cent; Debt-Free status to be achieved in the current quarter itself," it said in the business update. PC Jeweller has reduced its outstanding debt that was payable to the banks under the terms of Joint Settlement Agreement, by another 24 per cent during the June quarter. "With this reduction, the company has now reduced its outstanding debt by more than 90 per cent as on date, since the execution of the Settlement Agreement with banks on 30 September 2024. The repayment of remaining outstanding debt and attaining a debt-free status in the ongoing quarter itself will significantly improve the company

Gifts from abroad over the years via diplomatic channels up for auction

The first public Toshakhana e-auction features around 300 gifts received by Indian diplomats, with proceeds going to the Consolidated Fund of India

'Doomscrolling can get you attention, but you can't make a business of it'

Ekta Kapoor says short-form content may grab attention, but enduring entertainment businesses will be built on strong intellectual property and loyal audiences

What defines a unique piece of jewellery?

What defines a unique piece of jewellery? >

Gold loses its sheen on import duty hike, jewellery stores feel the pinch

Prime Minister Narendra Modi on Sunday appealed to Indians to reduce their gold purchases for a year in a move to encourage foreign exchange savings amid the crisis in West Asia

Jewellery, travel stocks slide after PM urges curbs on imports, spending

Shares of jewellery, travel and hospitality firms fell after Prime Minister Narendra Modi urged restraint in gold purchases and foreign travel amid forex pressures

Kalyan Jewellers Q4 results: Net profit rises over twofold on higher income

Kalyan Jewellers India Ltd on Friday reported more than two-fold jump in consolidated net profit to Rs 409.50 crore in the fourth quarter of 2025-26 fiscal, citing higher income. The Kerala-based company had posted a net profit of Rs 187.6 crore in the year-ago period, according to a regulatory filing. Total income for the January-March quarter surged 66 per cent to Rs 10,321.1 crore from Rs 6,222.3 crore a year earlier. Expenses remained elevated at Rs 9,782.28 crore against Rs 5,971.75 crore in the corresponding period. For the full 2025-26 fiscal year, the company reported a net profit of Rs 1,350.39 crore, up by 89 per cent from Rs 714.17 crore in the previous year. Total income increased by 43 per cent to Rs 35,950.88 crore from Rs 25,189.66 crore in the previous fiscal. Kalyan Jewellers Executive Director Ramesh Kalyanaraman said, "We ended the previous financial year on a very strong note and have carried the momentum into the ongoing financial year." The company witnesse

NITI flags need to reorient gems and jewellery sector for global growth

Report highlights need for higher value addition, diversification, and policy reforms to boost competitiveness of India's gems and jewellery sector globally

Akshaya Tritiya gold buying: Match consumption, investment with purpose

On Akshaya Tritiya, choose gold wisely-jewellery for sentiment, ETFs and SGBs for returns; verify purity, costs, and tax impact before investing

Jewellery could help retail sector post 23% revenue growth in Q4FY26

Strong jewellery demand supports retail growth in Q4FY26, though weak consumption trends weigh on segments like apparel, QSR and lifestyle retailers

Early wedding buying picks up on gold dip: Titan Company's Arun Narayan

Titan sees early wedding buying amid softer gold prices, with half of customers opting for old jewellery exchange as demand remains resilient despite elevated rates