Jewellery retailers delivered a strong set of fourth‑quarter business updates despite a sharp correction in gold prices from record levels, underscoring resilient consumer demand and robust wedding‑led buying. Gold has corrected nearly 26 per cent from its all‑time high of Rs 2,02,984 hit on January 29 to around Rs 1,50,474 currently, while spot gold prices have fallen about 17 per cent from their lifetime peak of USD 5,595.46 to USD 4,668.05.
Even after the pullback, prices remain significantly elevated compared with year‑ago levels, in the same light, leading jewellers such as Kalyan Jewellers and Senco Gold reported strong revenue growth, healthy footfalls and sustained same‑store sales growth in the March quarter, supported by wedding demand, festive buying and continued discretionary spending.
Total stores (Mar 31, 2026) – 507
- Launched 7 stores in Q4, total at 201
- (co’s target was 200 by H1FY27, co is way ahead of timeline)
- Current network: 102 COCO, 85 FRN, 12 Sennes, and 2 stores in Dubai
(COCO- company owned company operated, FRN- Franchise Agreement)
On Gold prices volatility
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
