Indian stock markets witnessed a sparkling rally in jewellery sector stocks on Wednesday, January 7, 2026, following the release of robust business updates for the third quarter of the financial year 2025-26 (Q3FY26). Shares of leading players Senco Gold, Titan Company, and Kalyan Jewellers surged significantly in early morning trade, reflecting strong investor confidence fueled by festive season performance.
Market Performance and Share Price Rally
Senco Gold emerged as the top performer, with its share price skyrocketing by 14% to hit an intraday high of ₹368.85 on the BSE. Titan Company, a titan in the segment, was not far behind, as its shares jumped 4% to achieve a fresh 52-week high of ₹4,285. Kalyan Jewellers also joined the rally, with its stock price appreciating by 2.60% to reach ₹513.65. This collective surge underscores a positive market sentiment towards the sector's growth trajectory, despite a noted impact on volumes from soaring gold prices.
Decoding the Strong Q3FY26 Business Updates
The impressive stock movement was backed by substantial operational growth reported by each company for the October-December 2025 quarter, primarily driven by festive and wedding demand.
Senco Gold's Meteoric Rise
Senco Gold reported a staggering 51% year-on-year (YoY) growth, attributing it to vigorous festive buying. The company highlighted that its trailing twelve-month (TTM) revenue has already touched approximately ₹8,000 crore, a testament to consistent annual growth, a loyal customer base, and effective brand positioning. On the expansion front, Senco opened four new stores across four different states during the quarter. It is confidently progressing towards its annual target of launching 20 new showrooms in FY26, having already opened 11 franchise and 5 company-owned outlets in the first nine months. The company expects to launch another three to four showrooms and is confident of achieving over 25% YoY growth for the full fiscal year.
Titan's Jewellery Division Shines Bright
Titan Company's jewellery business, its largest segment, witnessed a formidable 41% growth. The company stated that this revenue surge was propelled by substantial increases in the average selling price (ASP), which compensated for relatively flat buyer growth. Consumer patterns varied across categories: sales of gold coins nearly doubled, underlining their appeal as an investment. The plain gold category grew strongly in the late-thirties percentage range, indicating a preference for design-led premium pieces during the wedding season. The studded jewellery segment recorded its best performance of FY26 with healthy double-digit growth in the mid-twenties. Overall, Titan's total consumer business revenue, including watches and eyecare, grew by 40% YoY. The company expanded its retail footprint by adding a net 47 new stores in India during the quarter.
Kalyan Jewellers' Encouraging Quarter
Kalyan Jewellers described its Q3 as "very encouraging," posting a consolidated revenue growth of 42% YoY. The company noted that demand remained robust even in the post-Diwali period, despite volatility in gold prices. A key metric, same-store sales growth (SSSG), stood at an impressive nearly 27%. Its international business also performed well, with revenue growing 36% YoY. Kalyan Jewellers aggressively expanded its network, launching 21 new Kalyan showrooms in India, one in the United Kingdom, and 14 Candere showrooms in India. This expansion has taken its global showroom count to 469.
Market Implications and Forward Outlook
The stellar updates from these jewellery giants highlight the sector's resilience and its ability to capitalize on India's strong festive and wedding demand. While high gold prices posed a challenge to volume growth, the companies successfully leveraged higher realizations and premium product mixes to deliver outstanding revenue growth. The expansion plans outlined by all three players signal continued confidence in the domestic market's potential. For investors, the sharp stock price reactions reflect a reaffirmation of the sector's growth story and the strong operational execution by these leading brands, setting a positive tone for their upcoming detailed financial results.
