With gold prices approaching ₹1,00,000 per 10 grams, investors are closely watching jewellery stocks like Titan, Kalyan Jewellers, and Senco Gold. While rising gold prices can boost inventory gains, they also dampen consumer demand, creating a mixed outlook for the sector.
Key Insights on Jewellery Stocks Amid Gold Price Surge:
-
Titan’s Performance – Titan has gained 7% year-to-date (YTD) despite a 26% rally in gold prices, showcasing resilience in the premium jewellery segment.
-
Kalyan & Senco’s Decline – Kalyan Jewellers and Senco Gold have lost 28% to 40% YTD, reflecting consumer hesitation amid high gold prices.
-
Demand Trends – Jewellery demand in India slumped 25% YoY in Q1 2025, but analysts expect double-digit growth in FY26, driven by price appreciation and retail expansion.
-
Investment Outlook – Experts believe branded jewellery players will continue to perform well in the long run, benefiting from market share gains and strong demand for organized jewellery retail.
Outlook on Jewellery Stocks
Despite short-term volatility, analysts remain bullish on Titan and Kalyan Jewellers, citing strong fundamentals and expansion strategies. Investors should consider long-term growth potential while factoring in gold price fluctuations.
Sources: MSN, Economic Times.