Senco Gold Ltd. saw a growth of 51 per cent in the third quarter when compared to the same period last year.
In the third quarter, gold prices peaked at the highest-ever level of Rs 1,40,000 per 10 gm, when compared to Rs 1,17,000 in the second quarter of FY26. In the third quarter of FY2025, the gold prices reached a peak of Rs 79,800.
Another retailer, Titan Company Ltd said its jewellery portfolio saw a robust growth of 41 per cent in the October-December quarter when compared to the same period last year, buoyed by a vibrant festive demand.
Revenue growth was driven by substantial average selling price increases, offsetting flattish buyer growth, it said.
Kalyan Jewellers India Ltd. also saw its domestic revenue grow about 42 per cent in the third quarter of FY2026, when compared to the previous year, driven by strong festive demand.
“Demand during the period after Diwali also continued to remain robust despite volatility in gold prices,” the company said.
India Ratings and Research expects improved volume growth in the gold jewellery sector in the second half of FY2026, which will offset the decline in the first half of 2026.
“This will help sustain the recent trend of double-digit annual growth. The rebound is likely to be driven by festival and wedding purchases, with increased demand and peak sales during the seasonally strong second half,” it said in a report.
