Indian jewellers report 22–28% revenue growth for September quarter
Leading listed Indian jewellery retailers posted 22–28% revenue growth in the September quarter despite a festive calendar shift, according to TradingView.
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what happened
Several listed Indian jewellery chains posted revenue growth of 22–28% in the September quarter, according to TradingView. Demand held up well, helped by steady consumer spending, strong same-store sales and higher customer outlays, even though the Navratri festival moved into the December quarter this year.
P N Gadgil Jewellers, Titan, Kalyan Jewellers and PC Jeweller all reported double-digit year-on-year growth in their quarterly business updates filed with exchanges. Kalyan Jewellers said its India operations grew about 27% in the second quarter of FY27, with same-store sales up roughly 20%. Its international business rose 18%, and the Candere lifestyle jewellery brand lifted revenue by 64%.
The company described the quarter as very satisfying, saying consolidated revenue rose more than 26% from the same period a year earlier.
why it matters
For markets, the update points to resilient jewellery demand in India, and to consumer spending holding up even when festival timing shifts between quarters. Titan and Kalyan Jewellers are the most directly exposed names, while the source does not assess effects on gold prices.
market impact
Gold, Titan, Kalyan Jewellers: resilient Indian jewellery demand supports the sector
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instruments
sources
- Jewellery retailers project 22-28% Q2 growth despite festive calendar shift — Moody's, 18 October 2026 at 10:34 UTC
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