The company is doing well and gold demand is also robust. However, the stock has priced in most of the positives
Rural consumer sentiment remains bullish and gold as an asset class is still attractive
The jewellery business would continue to benefit from the market shift towards the organised segment, led by favourable regulatory factors and healthy network expansion by the company across brands.
Backed by fresh funds infusion via a rights issue as well as strong cash flow generation, TMJL has accelerated new store openings.
Titan continues to gain market share in the key jewellery business. The ramping up of the international jewellery segment and the non-jewellery business remains an additional growth trigger
The increasing share of LGDs in the diamond jewellery industry is beneficial for IGIL, which has established itself as leader in the segment. Leveraging this lead, IGIL is tapping new segments and consumers.
SGDL is continuing new client addition and has on-boarded Reliance Retail, Hyderabad based PMJ Jewellers, and Kalamandir in the quarter gone by.
Regulatory moves and consumer preference for branded products among factors helping companies like Titan, Senco Gold, and Sky Gold
TMJL is among the few listed jewellery players with a strong brand, reputed management, and a growing loyal customer base
SGDL continues to gain market share led by the broadening of product offerings, exclusive designs for consumers as well as gaining new consumers both in the domestic markets as well as exports.
As per the pre-quarter business update, Senco Gold posted strong revenue growth in Q4FY25, led by wedding and festive sales
Senco Gold is continuing a healthy network expansion and plans to open about 20 stores in the next fiscal. Geographical expansion and entry into new markets are expected to drive growth.
Stocks to Watch, Mar 10: Stocks like India Pesticides, HFCL, NDR Auto Components, JSW Steel, GR Infraprojects, Biocon, Oil and Natural Gas Corporation, Container Corporation of India, Thangamayil Jewellery, Hinduja Global Solutions, IRB Infrastructure Developers, and AstraZeneca Pharma will be in focus on March 10.
SGL is accelerating its network reach to strengthen presence in the jewellery industry. The ramp-up of lab-grown diamonds (LGDs) and fashion accessories remains an additional growth trigger.
The cut in customs duty significantly boosted consumer sentiment, and Titan expects better growth in the second half of the fiscal
Pondy Oxides and Chemicals, Thangamayil Jewellery, Power Grid Corporation of India, Cubex Tubings, G R Infraprojects, Western Carriers India, and Northern Arc Capital will also be in focus on September 24.
Senco Gold has a glittering future as demand picks up on the back of customs duty cut and shift of consumers to the organised jewellery segment
With in-house manufacturing capability, innovative designs, and established relationships with key retail clients in the US, Goldiam is expected to sustain the outperformance in the fast-growing LGD space
The company is emerging as a preferred manufacturer of lightweight jewellery, given the varied design offerings as well as the recent shift to a much larger plant.
Organised jewellery players have huge headroom for growth, helped by the duty cut and favourable regulatory measures