Jewellery retailers expect 22-28% growth in Q2 despite festive shift

Leading listed jewellery retailers reported revenue growth of 22-28 per cent in the September quarter, supported by healthy consumer demand, strong same-store sales and increased spending by customers, despite the shift of Navratri festivities to the December quarter this year.

Companies such as P N Gadgil Jewellers, Titan, Kalyan Jewellers and PC Jeweller reported double-digit year-on-year growth in their respective quarterly business updates to the bourses, reflecting sustained demand for gold and studded jewellery amid a change in the festive calendar to the third quarter of FY27.

Kalyan Jewellers reported approximately 27 per cent revenue growth in its India operations in the second quarter of FY27, supported by around a 20 per cent rise in same-store sales.

Its international operations grew 18 per cent, while its lifestyle jewellery brand Candere recorded a 64 per cent increase in revenue.

"The recently concluded quarter has been a very satisfying one, recording consolidated ..