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Jewellery Retailers Expect 22-28 Percent Growth in Q2 Despite Festive Shift
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News18•18-10-2026, 15:00
Jewellery Retailers Expect 22-28 Percent Growth in Q2 Despite Festive Shift
- •Leading listed jewellery retailers reported revenue growth of 22-28 per cent in the September quarter driven by healthy consumer demand.
- •Major companies like P N Gadgil Jewellers, Titan, Kalyan Jewellers and PC Jeweller posted double-digit year-on-year growth.
- •Growth was achieved despite the shift of Navratri festivities from September to the December quarter this year.
- •Kalyan Jewellers reported 27 per cent revenue growth in India operations, while P N Gadgil Jewellers saw a 22.4 per cent year-on-year increase.
- •Titan and PC Jeweller also posted strong quarterly updates with robust performance in both plain gold and studded jewellery segments.
Key Questions Answered
Leading listed jewellery retailers reported revenue growth of 22 to 28 percent in the September quarter, supported by healthy consumer demand and strong same-store sales.
Kalyan Jewellers reported approximately 27 percent revenue growth in its India operations for Q2 FY27, supported by a 20 percent rise in same-store sales. Its international operations grew 18 percent, and its lifestyle brand Candere recorded a 64 percent increase in revenue.
P N Gadgil Jewellers saw an 83.6 percent decline in e-commerce revenue due to a strategic shift away from low-margin gold coin sales toward higher-margin jewellery products.
