Gold Jewelry Sales Soar Amidst Record Prices

Gold prices reached an average of Rs 1.44 lakh per 10 grams in the June 2026 quarter, yet Indian consumers' appetite for the precious metal remained strong, fueling significant sales for key jewelry retailers.

Titan Company, India's largest jewelry retailer, reported a substantial 39% year-on-year growth in its domestic jewelry business for the June 2026 quarter. This surge was attributed to strong performance in both plain and studded categories, boosted by festivals like Akshaya Tritiya.

Regional players also showcased robust performance. Kalyan Jewellers India achieved approximately 38% consolidated revenue growth with a strong 28% same-store sales growth, driven by wedding season demand. Senco Gold reported an even more impressive 60% revenue jump, with same-store sales growth of 38%, benefiting from festivals in its operating regions.

Despite higher prices, innovative designs, expanded store networks, and festive occasions contributed to the strong sales momentum across the sector. Titan, Kalyan, and Senco Gold all reported increased revenues and sales growth compared to the previous year's June quarter.