Kalyan Jewellers' shares climbed 3% on Tuesday after the company announced a substantial 42% consolidated revenue increase for the third quarter of fiscal year 2026. The surge in buying interest followed the release of the company's Q3 FY26 business update, with the jewellery retailer's market capitalization standing at ₹52,118.48 crore. India operations witnessed a strong revenue uplift of approximately 42% compared to the previous year's third quarter, propelled by powerful festive demand that extended beyond Diwali and remained robust despite fluctuating gold prices. The company achieved healthy same-store sales growth of approximately 27%, indicating strong customer traction across both plain gold and studded jewellery categories.
Kalyan Jewellers actively expanded its retail presence during the December quarter, launching 21 Kalyan showrooms in India and one in the United Kingdom. Additionally, 14 Candere showrooms were opened across India. As of December 31, 2025, the company operated a total of 469 showrooms across India and international markets. The company's digital-first platform, Candere, recorded an impressive 147% revenue growth during the same period. International operations contributed positively, reporting revenue growth of approximately 36% for the quarter, with Middle East operations seeing a 28% increase largely driven by same-store sales growth. International markets accounted for about 11% of the company's consolidated revenue.
The strong performance by Kalyan Jewellers adds to the positive sentiment across the jewellery sector. Titan Company's overall consumer businesses posted around 40% year-on-year growth, driven by strong festive demand and continued premiumisation trends. The company's jewellery division delivered a standout performance, recording approximately 41% YoY growth in Q3 FY26, supported by vibrant festive and wedding demand. Senco Gold's sales and revenue increased 51% in the third quarter from the previous year, with trailing twelve month revenue reaching ₹8,000 crore. This industry-wide strength has contributed to optimism around jewellery stocks, with companies like Thangamayil Jewellery hitting all-time highs amid sustained buying interest.
Shares of Tamil Nadu-based Thangamayil Jewellery reached a new 52-week and all-time high of ₹4,138.15, marking an 8% intraday gain and extending their rally to a third consecutive session. The stock has gained 28% over the same period, reflecting sustained buying interest from investors. According to reports from The Economic Times, the sharp gains appear to be driven by optimism stemming from strong Q3 business updates reported by peers like Kalyan Jewellers, raising expectations of similar performance. The company has delivered an exceptional one-year return of 106.66%, significantly outpacing the Sensex's 8.51% gain during the same period, with impressive long-term performance showing three-year returns of 599.83% and extraordinary ten-year returns of 3,310.26%.
Thangamayil Jewellery's impressive market performance is underpinned by robust financial metrics that demonstrate sustained operational excellence. The company has demonstrated net sales growth at an annual rate of 35.44% and operating profit growth of 21.61%, with net profit increasing by 28% in the latest quarter. The company recorded its highest quarterly net sales of ₹1,710.90 crore and PBDIT of ₹105.65 crore, while maintaining a strong Return on Capital Employed (ROCE) of 16.15%. Institutional investor stake has increased to 19.86%, up by 0.54% over the previous quarter, reflecting growing confidence in the company's fundamentals and growth trajectory across the jewellery sector.
