4 Fastest Growing Jewellery Stocks to Watch

#1 P N Gadgil

First on the list is the stock of PN Gadgil.

P N Gadgil Jewellers (PNG Jewellers) is one of India's oldest and most well-known jewellery retailers, with a heritage dating back to 1832. Headquartered in Pune, it has built a strong brand, particularly in Maharashtra, and has been expanding rapidly across India.

The company is one of the fastest-growing in the jewellery space, with a 44.4% CAGR of sales and 46.4% in net profits over the last 3 years.

Financial Highlights of P N Gadgil

On the financial front, PN Gadgil reported revenues of Rs 35,443 m for Q4FY26 vs Rs 15,882 m YoY. The net profits grew sharply to Rs 903 m vs Rs 620 m YoY.

During Q4 FY26, the company added 12 new stores, 8 COCO (Company-Owned, Company-Operated), in which 3 legacy and 5 LiteStyle, and 4 FOCO (Franchise-Owned, Company-Operated), 1 legacy and 3 LiteStyles, taking its total store count to 78 as of 31 March 2026.

On a full-year basis, the company added 25 new stores, reinforcing its position as one of the fastest-growing organized jewellery brands in the country.

The management has said that they have a clear strategic playbook, and a healthy balance sheet to support future growth.

For FY27, management has maintained guidance of Rs 135 bn in revenue, an EBITDA margin of 7% to 7.5%, and a PAT margin of 4%.

The management believes its strong operational execution, improving business mix, and resilient demand environment position it well to navigate the evolving landscape.

To know more check the P N Gadgil fact sheet and latest quarterly results.

#2 Kalyan Jewellers

Next on the list is the stock of Kalyan Jewellers.

Kalyan Jewellers is one of India's top organised jewellery retail chains. The company sells gold, diamond, platinum, silver, and studded jewellery through a large showroom network across India and the Middle East. It also owns the digital jewellery platform Candere.

The company has seen a 3-year sales CAGR of 32.3% and net profit CAGR of 47.2%.

Financial Highlights of Kalyan Jewellers

On the financial front, for FY26, the company recorded a consolidated revenue in excess of Rs 357 bn and a net profit of Rs 13.5 bn.

During FY26, the company launched 129 showrooms across Kalyan and Candere formats, including the first Kalyan showroom in the UK. The year also saw a reduction in debt in India by Rs 3,600 m, in line with the already announced plan to pay down non-GML debt in India in full.

In a recent presentation in May, the company said that going forward, during the current financial year, Candere will focus more on driving SSSG, along with expanding its showroom footprint.

Also, in FY27, Kalyan Jewellers plans to open 150 showrooms across Kalyan, Candere, and the new regional brand.

To know more check the Kalyan Jewellers fact sheet and latest quarterly results.

#3 Titan Company

Next on our list is the Tata Group owned, Titan Company.

Titan is India's leading branded jewellery and lifestyle retailer, best known for its Tanishq, Mia, and Zoya jewellery brands, along with Titan watches, Fastrack, and Titan Eye+. The company benefits from strong brand trust, an extensive retail network, and robust expansion.

The company has seen a 3-year sales CAGR of 29.2% and net profit CAGR of 15.7%.

Financial Highlights of Titan Company

Moving ahead, Titan Company reported a total income of Rs 761 bn in FY26. Titan's net profits were placed at Rs 51 bn, up from Rs 33.3 bn in FY25.

On the international front, as part of the company's planned transformation, Damas' store network is being leveraged for conversion to select Tanishq stores. 4 such stores became operational in Q4 FY26.

The Damas operates a network comprising of 123 stores (as of March 26) in the countries of UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman.

The management has guided between 15% to 20% for jewellery sales growth in FY27.

To know more check the Titan fact sheet and latest quarterly results.

#4 Senco Gold

Next on our list is the stock of Senco Gold.

Senco Gold is another top player in the gold and jewellery space. The company has seen a 3-year sales CAGR of 21.4% and net profit CAGR of 7.3%.

Financial Highlights of Senco Gold

On the financial front, the company reported a strong Q4 FY26, crossing Rs 19.97 bn in revenue with EBITDA of Rs 2.74 bn and with a PAT of Rs 1,570 m for the Q4 FY26.

In terms of expansion, the company has been entering new geographies. It has opened stores in Rajasthan, Central Maharashtra and Western UP, through company-owned company-operated (COCO) stores and even franchises.

According to the management, the company is now focused on tier 2, 3, and 4 towns and cities.

To know more check the Senco Gold fact sheet and latest quarterly results.

Conclusion

India's jewellery sector has tailwinds of rising disposable incomes, an expanding organised retail market, and the shift from unorganised jewellers to trusted branded players.

However, investors should avoid chasing high-growth stocks purely based on revenue expansion.

Investors should focus on reasonable valuations, strong balance sheets, healthy cash flows, and sustainable profitability rather than growth alone.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...