Jewellery Stocks surged after the third-quarter business update
Jewellery stocks continue to surge following their third-quarter business updates. Titan and Kalyan Jewellers are among the top gainers in the futures market, rising by nearly 5%. SENCO is also seeing a significant jump of 14%. Titan has shone brightly thanks to its strong quarterly update. The stock rose by nearly 5% today, reaching a new all-time high. The company witnessed 40-41% growth in its jewellery and consumer businesses during the third quarter. Its international business also saw a remarkable 79% increase. Let’s take a closer look at the third-quarter updates of these companies.
TITAN Q3 Update: The company’s domestic business grew by 38%, while its international business saw a 79% growth. Its consumer business also experienced a 40% growth. In Q3, the company opened 54 new stores, bringing the total number of stores to 3,399.
In the third quarter, the company’s jewellery business grew by 41%. Tanishq, Zoya, and Mia saw a growth of 40%. CaratLane’s growth was 42%, the watches segment grew by 13%, and analog watches by 17%. However, the smartwatches segment experienced a negative growth of 26%.
Kalyan Jewellers Q3 Update: Kalyan Jewellers’ Indian business revenue grew by 42% year-on-year. Its same-store sales growth was 27% year-on-year. The company’s international business revenue grew by 36% year-on-year. Candere’s revenue growth was 147%. The company launched 21 new showrooms in the domestic market during the third quarter. 14 Candere showrooms were also launched during this period. The total number of showrooms has reached 469.
SENCO GOLD Q3 Update: The company’s sales and revenue growth in Q3 was 51%. It aims for 18-20% growth in the jewellery segment. Revenue growth of over 25% is expected in FY26. Same-store sales growth in Q3 was 39%. The diamond jewellery segment continues to perform strongly, with 36% growth in the third quarter. The company opened 4 new franchise showrooms in Q3. The total number of stores has reached 196.
