Shares of jewellery companies like Titan and Kalyan Jewellers were dragging the overall index down after Prime Minister Narendra Modi's speech at a public event in Hyderabad over the weekend
Titan and Kalyan Jewellers posted strong Q4 revenue growth driven by jewellery demand, though rising bullion sales and gold prices weighed on margins
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
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.
Strong same store sales and improving buyer growth helped jewellery majors post robust topline growth in the March quarter, signalling a recovery in demand
The northward movement in the company's share price came on the back of the company's announcement of its business update for the fourth quarter of 2025-26 (Q4FY26)
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
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
The scrip jumped 11.7 per cent to the day's high of ₹424.70 on the National Stock Exchange (NSE)
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.
Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.
Earlier, between January 2 and January 13, 2025, the stock price of Kalyan Jewellers had tanked 27 per cent.
Aakash Shah, Technical Research Analyst at Choice Equity Broking believes that the bias for Kalyan Jewellers stock is likely to remain bearish as long as the stock trades below ₹440 - ₹450 zone.
Share price of Kalyan Jewellers India tanked 14 per cent to hit a 52-week low of ₹390 amid heavy volumes.
Kalyan Jewellers in the recently concluded quarter (December quarter) posted a consolidated revenue growth of approximately 42 per cent, as compared to a year ago.
The recent slide, following Friday's RBI-driven rally, has weakened the short-term sentiment, and we now view 25,650 as the next critical support
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.
Shares of gold-loan providers Muthoot Finance and Manappuram Finance trade at key supports on the charts; face over 11% downside risk. Also check outlook on Titan and other jewellery-related stocks.
Analysts at ICICI Securities believe Kalyan is well-positioned to outperform peers, backed by aggressive store expansion through its asset-light FOCO model
Technical charts suggest that shares of gold loan firms, which have surged over 50% so far in 2025, could rally another 17% from here; while a likely mixed outlook for jewellery makers and sellers.