Senco Gold

According to Ravi Singh, Chief Research Officer from Master Capital Services, jewellery demand in India tends to behave differently from many other industries. Experts suggest top jewellery stocks to buy.

Jewellery stocks faced significant selling on May 13 after the government increased customs duties on gold and silver to 15%. Major companies like Kalyan Jewellers and Titan saw declines up to 6%, raising concerns over input costs and demand.

Jewellery stocks like Kalyan Jewellers, Titan Company, and Senco Gold fell up to 10% after PM Modi urged avoiding non-essential gold purchases to protect foreign reserves. Analysts suggest long-term investors stay invested despite short-term volatility.

The call for action comes at a time when retailers are already struggling to ensure volume growth due to record high gold prices

Jewellery stocks surged following strong Q4 updates. PC Jeweller's standalone revenue rose 32% YoY, while Kalyan Jewellers achieved 64% YoY growth in Q4, driven by wedding demand.

Senco Gold share price rose over 12% after reporting a 46% YoY revenue increase, driven by wedding season demand. The company plans to open 20-25 new stores in FY27 and expects a revenue surpassing ₹ 8,000 crore for FY26, reflecting strong growth despite fluctuating gold prices.

Following the announcement of an Interim Trade Agreement between India and the US, jewellery stocks saw significant gains. The deal is expected to enhance tariff clarity and support the Indian jewellery sector, which has been struggling with reduced export volumes in recent years.

Jewellery stocks such as Titan and Kalyan Jewellers surged up to 7.5% on February 5 following the announcement of a trade deal between India and the U.S., which includes a reduction of reciprocal tariffs from 25% to 18%.