Jewellery Stocks: Senco Gold, Titan and More Rally Up to 14% After Strong Q3 FY26 Updates

Shares of leading jewellery companies such as Senco Gold, Titan Company, and Kalyan Jewellers rose sharply in early trade on January 7 after they announced positive business updates for the December quarter (Q3FY26).

Strong festive demand supported growth across all 3 companies, even as higher gold prices had some impact on volumes.

Market Performance Snapshot

• Senco Gold surged 14% to an intraday high of ₹368.85
• Titan Company climbed 4% to a fresh 52-week high of ₹4,285
• Kalyan Jewellers gained 2.6% to ₹513.65

Senco Gold: Strong Growth and Store Expansion

Senco Gold emerged as the top performer among jewellery stocks. The company reported a sharp 51% year-on-year revenue growth, driven mainly by festive buying.

The company said its trailing 12-month (TTM) revenue has already crossed ₹8,000 crore, supported by strong brand recall and a loyal customer base.

Senco Gold expanded its presence by opening four new stores across four states during the quarter. It remains on track to meet its FY26 target of 20 new showroom openings. In the first nine months of FY26, the company has already opened 11 franchise stores and five company-owned outlets. It plans to add another three to four showrooms under COCO and FOCO models.

Management stated that the company is confident of delivering 25%+ revenue growth in FY26, backed by 31% growth achieved so far in the first nine months.

Titan Company: Festive Demand Lifts Jewellery Business

Titan reported 41% year-on-year growth in its jewellery segment, largely due to strong festive and wedding demand. The company said higher average selling prices helped offset slower growth in the number of buyers.

Gold coin sales nearly doubled during the quarter, highlighting their appeal as an investment option. The plain gold jewellery segment recorded strong growth in the high-thirties, while the studded jewellery segment delivered its best performance in FY26 with mid-twenties growth.

Like-for-like growth across all jewellery retail formats was in the low thirties. Including watches, eyewear and emerging businesses, Titan’s overall consumer business revenue rose 40% YoY. The company added 47 net new stores in India during the quarter.

Also Read: Government Leans on Dividends as IDBI Bank Sale Becomes Key to FY26 Capital Receipts!

Kalyan Jewellers: Strong Domestic and International Performance

Kalyan Jewellers described Q3 as a very encouraging quarter, reporting 42% year-on-year consolidated revenue growth. The company said demand remained strong even after Diwali, despite sharp fluctuations in gold prices.

Same-store sales growth stood at nearly 27%, while international revenue grew 36% YoY. During the quarter, Kalyan Jewellers opened 21 new showrooms in India, one showroom in the UK, and 14 Candere outlets in India. Total global showroom count has now reached 469.

Conclusion

Jewellery stocks saw strong buying interest after robust Q3FY26 business updates. Senco Gold led the rally with double-digit gains, while Titan touched a new 52-week high and Kalyan Jewellers continued its steady expansion. Despite rising gold prices, festive and wedding demand has supported strong revenue growth across the sector, keeping investor sentiment positive.

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