Trump Tariff Troubles: GoI should allow reverse job work from SEEPZ, says Kirit Bhansali, Chairman, GJEPC
With the steep Trump tariffs now having come into play, the cutting, polishing, manufacturing and export hubs of India are facing severe problems, with joblessness and unit-closure a distinct possibility. The silver lining is that the GJEPC is hopeful of a solution, particularly in view of the advocacy efforts of its US counterparts, who are also working hard to impress upon the Trump administration that the high tariffs will have a deleterious effect on the US jewellery industry as well. In a free-wheeling conversation with Suneeta Kaul, Kirit Bhansali, Chairman, GJEPC, talks about the impact of the tariffs, the steps being taken to bring about some relief to the industry, its expectation from the government, and more.
India’s Q1 GDP Growth Reinforces Jewellery Sector Resilience: GJEPC Chairman
Commenting on India’s 7.8% GDP growth in the first quarter of FY 2026, Kirit Bhansali, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), said the strong performance reflects the resilience of the economy and the policy direction under the leadership of Prime Minister Narendra Modi.
Kalyan Jewellers Reports Rs. 7,268 Cr Revenue in Q1 FY26, PAT Surges 49%
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 Posts Strong Q1 FY26 Results with 20.4% Surge in Sales
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
Titan Reports 19% Rise in Q1 Revenue, Driven by Robust Jewellery Sales and Gold Price Surge
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 Reports 31% Revenue Surge in Q1 FY26, Driven by Domestic and International Growth
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
Gold Prices May Breach Rs. 1 Lakh in H2 2025 Amid Global Uncertainty: Report
Gold prices are expected to remain on an upward trajectory in the second half of 2025, with projections suggesting a possible breach of Rs. 1 lakh per 10 grams, according to a recent market report
Senco Gold Posts 28% Surge in Q1 Revenue Amid Festive Demand and Store Expansion
Jewellery retailer Senco Gold delivered a strong performance in the first quarter of FY26, clocking a 28% year-on-year rise in total revenue, buoyed by festive demand and rapid retail expansion. Retail revenue alone saw a 24% increase, reflecting strong consumer sentiment and footfall across the company’s expanding showroom network
GJEPC Engages with Bankers in Interactive Session, Fostering Stronger Collaborations and Confidence in Industry Growth
The Gem and Jewellery Export Promotion Council (GJEPC) recently hosted an interactive session with leading bankers in Mumbai on October 17, focusing on the current industry outlook and exploring new opportunities for collaboration with financial institutions
Gold Jewellery Demand Poised to Surge in Coming Months, 18% Volume Increase Forecast by Nuvama
The Indian jewellery market is set for a strong rebound in the coming months, with Nuvama predicting an 18% surge in gold jewellery demand
Gold Jewellery Industry Revenue Expected to Grow 13-15% in FY25: ICRA
The Indian gold jewellery industry is poised for significant growth in the financial year 2025 (FY25), with revenue expected to increase by 13-15%, according to a report by ICRA
India's TBZ Reports 50% Rise in Q1 Profit on Increased Gold Jewellery Sales
Tribhovandas Bhimji Zaveri (TBZ), one of India’s prominent jewellers, reported a notable 50% increase in its first-quarter profit on Monday, driven by higher gold jewellery sales despite the challenge of soaring gold prices
Abaran Timeless and Abaran Foundation release first quarter report
Abaran Timeless Jewellery and Abaran Foundation shared their first quarter report, mentioning the main events of the quarter
Gold Demand Reaches Record Highs in Q2 2024, Driving Prices to New Peaks
The World Gold Council’s Q2 2024 Gold Demand Trends report highlights a significant surge in global gold demand, reaching a record 1,258 tonnes, a 4% increase year-on-year and marking the strongest Q2 performance in the Council's data series
Kalyan Jewellers Reports Strong Growth Amid Volatile Market Conditions
Kalyan Jewellers India Limited has announced robust financial results for the first quarter of fiscal year 2025, showcasing significant revenue growth despite volatile gold prices and tough comparisons with the previous year
