Jewellery stocks witnessed strong buying action on Tuesday, April 7, with shares rising up to 10% despite weak broader market sentiment. According to The Hindu BusinessLine, PC Jeweller emerged as the leader among the three, with its stock surging 9.5% in early trade to ₹8.60 after hitting an intraday high of ₹9.27 against the previous close of ₹8.46. Kalyan Jewellers stock rose almost 4% to ₹437.40 before trimming gains to trade flat at ₹417.25 around 11.40 am, as reported by The Hindu BusinessLine. The rally was boosted by robust business updates for the March quarter and reports on a reduction in base import prices of precious metals.
PC Jeweller has made waves in the financial sector, reporting a substantial 32 percent growth in standalone revenue for the fourth quarter, year-on-year, as reported by The Hindu BusinessLine. The company also highlighted that it remains committed to its target of achieving a debt-free status in the near future. "In line with this objective, during the quarter, the company has successfully further reduced its outstanding debt of banks under the terms of the Joint Settlement Agreement by approximately 23%," according to the exchange filing. The impressive upward trend continued throughout fiscal year 2025-26, with total revenue climbing approximately 49 percent for the full financial year. Strategic developments during the quarter included signing a memorandum of understanding with the National Skill Development Corporation to onboard up to 2,00,000 micro-entrepreneurs over five years under its brand, as reported by The Hindu BusinessLine.
Kalyan Jewellers reported a consolidated revenue growth of around 64% year-on-year in the fourth quarter of FY26, as reported by The Hindu BusinessLine. For the full financial year FY26, the company achieved revenue growth of 42%. The company's India operations demonstrated particularly strong performance with revenue growth in excess of 65% in Q4 compared to the previous year, driven by robust same-store sales growth across key markets. The quarter recorded same-store sales growth of over 45%, indicating strong consumer demand across the company's retail network. Wedding and discretionary demand remained resilient despite fluctuations in gold prices, with the company noting that geopolitical tensions briefly impacted store footfalls in March, but strong Ramadan sales helped offset the decline, as reported by The Hindu BusinessLine.
According to the exchange filing reported by The Hindu BusinessLine, both wedding and discretionary demand remained robust during the quarter despite volatile gold prices. The quarter recorded same-store sales growth of over 45%, indicating strong consumer demand across the company's retail network. Kalyan Jewellers international operations witnessed revenue growth of approximately 45% year-on-year for the three months ended March 2026, led by West Asia markets. The company's digital platform Candere continued to scale rapidly, clocking over 360% growth in Q4, as reported by The Hindu BusinessLine. The current market environment continues to support strong jewellery demand, with the sector benefiting from seasonal wedding and festive occasions. The company is seeing encouraging trends in advance bookings for Akshaya Tritiya and the upcoming wedding season.
During the quarter under review, Kalyan Jewellers launched 28 net new Kalyan showrooms in India and 14 Candere showrooms, as reported by The Hindu BusinessLine. The total number of showrooms across India and international markets now stands at 507. International markets contributed around 11% to the consolidated revenue, highlighting the company's diversified geographic presence. This expansion strategy positions the company well to capture growing market demand across different regions. The company added that it is seeing encouraging trends in advance bookings for Akshaya Tritiya and the upcoming wedding season.
