Union Budget 2026-27 makes a strong push for MSMEs, with a Rs 10,000-crore SME Growth Fund; besides, it enables faster payments via mandatory TReDS for CPSE purchases. Overall, the Budget emphasizes fiscal prudence, infrastructure creation, and ease of doing business. For a sector navigating global uncertainty, shifting consumer preferences, and rising compliance standards, it is stability that the enabler.

India’s Economic Survey FY25–26 outlines how the gems and jewellery sector shaped exports, gold imports, inflation and lending, highlighting diversification gains and rising macro pressures for policymakers and industry.

D P Abhushan Limited reported audited Q3FY26 and nine-month results on January 23, 2026, showing higher revenue, margins and profit, driven by festive demand, weddings, and disciplined inventory management.

Senco Gold Ltd posts robust growth in Q2 and H1 FY26, driven by record Rs 1,700+ crore Dhanteras sales, strong showroom expansion, higher stud ratio, and improved profitability despite volatile gold prices.

Kalyan Jewellers is set to deepen its presence in non-South markets by expanding through a franchise-owned company-operated model, focusing on capital efficiency, debt reduction, and overseas growth, including the US.

Festive demand during Diwali and Dhanteras propels Senco Gold & Diamonds to its highest monthly sales ever, overcoming record gold prices with strong design-led collections, positive sentiment, and strategic offers.

EBITDA margin improves sharply to 7.83% and PAT margin rises to 5.32% despite volatile gold pricing environment.

Titan Company Limited’s jewellery division continued its strong performance in the second quarter of FY26, recording a 19% year-on-year growth despite challenging market conditions marked by high gold prices and a strong base from last year.

PNGS Gargi Fashion Jewellery Ltd., the silver jewellery brand from P N Gadgil & Sons, has reached a landmark milestone with the opening of its 100th store. The company inaugurated two new outlets in Patna and Kurla (Mumbai), underscoring its rapid retail expansion across India.

Kalyan Jewellers India Ltd announced strong financial results for the first quarter of FY26, posting consolidated revenue of Rs. 7,268 crore, marking a 31% increase from Rs. 5,528 crore in the same quarter last year. The company also reported a 49% year-on-year rise in profit after tax (PAT), reaching Rs. 264 crore for the quarter.

PNGS Gargi Fashion Jewellery Ltd posted strong results for the first quarter of FY26, with sales rising 20.4% year-on-year to Rs. 27.31 crore. Net profit also grew 29.3% to Rs. 5.31 crore, up from Rs. 4.11 crore in the previous quarter

In a bold move to accelerate growth while trimming debt, Kalyan Jewellers has announced plans to open 170 new stores in FY 2025–26, leveraging the franchise model for both domestic and overseas expansion.

Titan Company reported a 19% year-on-year growth in revenue for the first quarter of FY26, buoyed by strong sales in its core domestic jewellery segment and a continued rise in gold prices. This marks a significant acceleration from the 9.3% growth reported in the same quarter last year

Kalyan Jewellers has reported a strong start to FY26, registering a 31% year-on-year increase in consolidated revenue for the first quarter, driven by robust festive and wedding demand across India and steady international performance