Jewellery Sales

Festive demand boosts jewellery sector; Titan remains top analysts' pick

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.

GST rate for jewellery unchanged at 3 pc, but industry sees indirect gains

Even though the GST for gems and jewellery remained unchanged at 3 per cent, jewellers on Thursday welcomed the government's decision to reduce GST rates in other sectors, saying it would indirectly benefit the industry and boost demand. "The current GST reforms (GST 2.0) offer no direct and immediate relief to gems and jewellery exporters. Importantly, the gems and jewellery sector was excluded from the latest reforms. The reforms do not offset the adverse impact of the US tariffs, since input costs and compliance burdens remain unchanged," All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told PTI. However, he said, by focusing on stimulating consumption, the GST changes will support the gems and jewellery sector indirectly over the longer term. "The new rates, effective from September 22, are expected to boost consumption, with the overall fiscal impact of the overhaul estimated at around Rs 50,000 crore," Rokde added. The GST Council, in its meeting held

Titan Q1 net profit rises 52.6% on strong jewellery, margin gains

Titan posts Rs 1,091 crore net profit in Q1FY26 as jewellery, watches and international units boost revenue and margins; CaratLane and Taneira record sharp growth

Titan Q1 profit jumps 52.5% on gold price surge, jewellery sales rise 19%

Boosted by rising gold prices, the jewellery and watchmaker reported strong Q1 earnings even as it looks to set up manufacturing in West Asia to support its growing presence in the US market

Titan Q4 net profit up 13% to Rs 871 crore on strong jewellery sales

Titan's Q4 net profit rose 13 per cent YoY to Rs 871 crore on 19.4 per cent revenue growth driven by strong performance in the jewellery and watches segments

Titan estimates 24% rise in Q3 revenue on booming jewellery demand

Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment, said Titan

In scrutiny, you must find the courage to challenge the status quo: Adani

Adani acknowledged the scrutiny faced by his group in recent years, citing challenges such as the coal mine resistance in Australia and allegations of compliance issues in the US

All that glitters: Traditional jewellery gets a touch of modern design

Ornaments retain their impression of antiquity without being flashy or cumbersome to wear

Senco Gold Q3 results: Profit after tax increases 6% at Rs 109.32 crore

Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company's profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a regulatory filing on Tuesday. The company's revenue from operations grew by 23.3 per cent during the quarter under review at Rs 1,652.20 crore, compared to Rs 1,339.63 crore in the same period of the previous year. "Our consistent performance demonstrates our robust execution capability, operational prudence and financial rigour. We achieved the highest-ever third quarter revenue of Rs 1,652 crore recording quarter-on-quarter (QOQ) growth of 43 per cent and year-on-year (YoY) growth of 23 per cent... "The new showroom launches of 18 so far have also led to investment in working capital out of our internal accruals, IPO funds and incremental borrowing. We thus remain dedicated t

Kalyan Jewellers Q3 results: Consolidated PAT rises 21.5% to Rs 180.37 cr

Kalyan Jewellers reported a 21.51 per cent growth in consolidated Profit After Tax (PAT) at Rs 180.37 crore for the December quarter. The company's PAT stood at Rs 148.43 crore during the year-ago period, the company said in a regulatory filing. Revenue from operations of the Thrissur-headquartered company grew 34.47 per cent during the third quarter of the ongoing fiscal to Rs 5,223.07 crore as against Rs 3,884.09 crore in the year-ago period. The jewellery retailer further stated the company's total revenue from its Middle East operations during the quarter under review was Rs 683 crore against Rs 641 crore a year ago, registering a growth of over 6 per cent. "Consolidated revenue growth for the first nine months of the current fiscal is around 31 per cent and revenue growth in India is 36 per cent driven by robust network expansion along with healthy same-store-sales-growth," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said. "The ongoing quarter has also start

Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%

Senco Gold, too, hit a new high of Rs 840 as it zoomed 14 per cent on the back of over six-fold jump in its average trading volumes

Centre announces the third phase of mandatory jewellery hallmarking

BIS encourages consumers to verify the authenticity and purity of the hallmarked gold jewellery items with HUID numbers

GJC announces India Jewellery Shopping Festival from Oct 12-Nov 17

All India Gem and Jewellery Domestic Council (GJC) on Thursday announced the first 'India Jewellery Shopping Festival', from October 12 to November 17 and said it expects a 35 per cent growth in sales compared to the festive period last year. The nationwide shopping festival is expected to witness participation from over 5,000 jewellery retailers and distributors and will help boost the overall business sentiment across the industry, GJC chairman Saiyam Mehra told reporters. IJSF is a potential pool for all jewellery traders, and key industry participants have shown significant interest. Consumers and producers both benefit from the event. The jewellers have the opportunity to expand and increase their sales," he said. GJC Director and IJSF Convenor Dinesh Jain said these initiatives by IJSF will attract estimated 2.4 million end customers and are expected to bring in sales worth Rs 1.2 lakh crores. The purpose of IJSF is also to boost the business of single-store jewellery busines

Sales sluggish on Akshaya Tritiya, lightweight items preferred: Jewellers

Sales of jewellery and gold items remained sluggish on the auspicious Akshaya Tritiya day on Saturday despite heavy footfalls at stores as high prices of the precious metal dampened the festive demand, according to jewellers. Jewellers are expecting a nearly 10 per cent decline in sales volume on Akshaya Tritiya this year compared to last year as gold prices have zoomed around 20 per cent since last year and customers are either making token purchases or going for lightweight jewellery. Akshaya Tritiya day is considered auspicious for buying gold, jewellery and valuables. However, as the auspicious occasion is spread over two days this year, jewellers are hopeful that sales will revive on Sunday. There have been steady footfalls since morning in jewellery retail stores, however, consumers are mainly going in for lightweight jewellery or 1-2 grams of gold coins as a token purchase to celebrate the festive occasion, jewellers said. "We have been getting positive responses on consumer

Titan slips 2% despite 11% YoY jewellery sales growth in Q3 update

In the past three months, the stock declined 9 per cent, as against 4 per cent rise in the S&P BSE Sensex.

Jaipur to host mega jewellery show with over 900 stalls from Dec 23-26

A large number of tour operators have dovetailed their itinerary with this event

Titan hits record high on hopes of strong Q2FY23; stock up 44% in 4 months

The board of directors of Titan is scheduled to meet on Friday, November 4, 2022 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2022

Analysts bullish on stocks of jewellery retailers for the long-term

Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward

Q2 show, lower gold prices and expansion may help sustain Titan's rally

The other positives are lower gold prices, higher festive and wedding season sales, and market share gains

Small jewellers see relief as key hallmarking issues resolved

Industry wants relaxations to be notified at the earliest