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Value over volume for jewellery growth in H2
January 02, 2026
|Business Standard
Jewellery makers are set to post strong revenue growth in the 2025-26 (FY26) October-December quarter (Q3), supported by a robust wedding season and rising value growth, even as volumes decline.
Brokerages also expect the second half of FY26 to outperform the first.The average return of the three largest listed players is over 27 per cent, led by Thangamayil Jewellery, which has risen more than 59 per cent, followed by market leader Titan Company at 19 percent.
Q3 results for the sector are expected to mirror the July-September (Q2) performance. Key metrics such as like-for-like growth, ticket size, and store additions showed healthy trajectories in Q2, according to Centrum. Titan and Kalyan Jewellers both reported strong double-digit growth (25-29 per cent), supported by gold price inflation.
هذه القصة من طبعة January 02, 2026 من Business Standard.
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