Best Jewellery Stocks in India

Jewellery stocks in India represent companies engaged in the design, manufacturing and retail of gold, silver, diamond and gemstone jewellery. Key players include Titan Company, Kalyan Jewellers and Senco Gold Ltd. These stocks are influenced by factors like gold prices, consumer demand, and festive seasons, making them an integral part of the Indian stock market.

The table below shows the top jewellery stocks in India based on the highest market capitalisation and 1-year return.

Introduction to List Of Jewellery Stocks In India

Titan Company Ltd

The Market Cap of Titan Company Ltd is ₹2,68,490.86 crore. The stock’s 1-month return is -9.96%, while its 1-year return is -19.29%. It is currently 27.76% away from its 52-week high.

Titan Company Ltd is a pioneer in India’s jewellery and watch industry, known for its innovative designs and exceptional craftsmanship. It has built a strong consumer base through trust, quality, and an extensive retail presence, offering diverse collections.

The company continuously evolves with contemporary trends while maintaining its legacy of precision and style. With a focus on customer satisfaction and brand excellence, Titan continues to expand its product portfolio, setting new benchmarks in the jewellery and lifestyle segments.

Kalyan Jewellers India Ltd

The Market Cap of Kalyan Jewellers India Ltd is ₹42,030.99 crore. The stock’s 1-month return is -19.75%, while its 1-year return is 2.83%. It is currently 95.19% away from its 52-week high.

Kalyan Jewellers India Ltd is a well-established jewellery brand with a vast retail footprint across India and the Middle East. It is renowned for its exquisite gold and diamond jewellery, catering to diverse regional preferences and customer segments.

The company has built its reputation on trust, quality, and transparency, ensuring customer satisfaction through hallmark-certified products. With a focus on innovation and expansion, Kalyan Jewellers continues to strengthen its presence in both domestic and international markets.

PC Jeweller Ltd

The Market Cap of PC Jeweller Ltd is ₹7,607.13 crore. The stock’s 1-month return is -14.14%, while its 1-year return is 123.5%. It is currently 48.12% away from its 52-week high.

PC Jeweller Ltd is known for its elegant and finely crafted jewellery, offering a wide range of designs for various occasions. It has established itself as a trusted brand, providing customers with certified jewellery and exceptional craftsmanship.

With a growing network of showrooms across India, the company focuses on blending traditional artistry with modern designs. Its commitment to quality and innovation has helped it cater to evolving consumer preferences in the jewellery sector.

P N Gadgil Jewellers Ltd

The Market Cap of P N Gadgil Jewellers Ltd is ₹7,020.19 crore. The stock’s 1-month return is -2.28%, while its 1-year return is -34.79%. It is currently 63.93% away from its 52-week high.

P N Gadgil Jewellers Ltd is a renowned jewellery brand with a legacy of craftsmanship and trust. The company is deeply rooted in tradition while embracing contemporary styles, offering exquisite collections for customers seeking quality and elegance.

It has built a strong reputation through its dedication to purity and customer-centric approach. With a focus on innovation and design, P N Gadgil Jewellers continues to create timeless jewellery pieces that resonate with diverse consumer tastes.

Ethos Ltd

The Market Cap of Ethos Ltd is ₹6,143.12 crore. The stock’s 1-month return is 7.24%, while its 1-year return is -8.81%. It is currently 40.47% away from its 52-week high.

Ethos Ltd is a premium luxury watch retailer offering an exclusive range of high-end brands. It has positioned itself as a leader in the luxury segment, providing customers with a curated selection of timepieces from renowned global brands.

With a strong presence in the retail and e-commerce space, the company focuses on delivering a superior shopping experience. Its dedication to authenticity and personalised service has made Ethos a preferred destination for watch enthusiasts and collectors.

Thangamayil Jewellery Ltd

The Market Cap of Thangamayil Jewellery Ltd is ₹5,126.05 crore. The stock’s 1-month return is -6.04%, while its 1-year return is 33.39%. It is currently 55.68% away from its 52-week high.

Thangamayil Jewellery Ltd is a prominent jewellery retailer known for its exquisite gold and diamond collections. It has established a strong presence in South India, catering to traditional and contemporary jewellery preferences with precision and craftsmanship.

The company’s focus on purity, innovation, and customer trust has contributed to its growing brand recognition. With a commitment to quality and heritage, Thangamayil Jewellery continues to evolve, offering timeless pieces that celebrate India’s rich jewellery tradition.

Sky Gold and Diamonds Ltd

The Market Cap of Sky Gold and Diamonds Ltd is ₹4,912.21 crore. The stock’s 1-month return is 1.13%, while its 1-year return is 246.19%. It is currently 35.75% away from its 52-week high.

Sky Gold and Diamonds Ltd is a fast-growing jewellery manufacturer specialising in finely crafted gold and diamond ornaments. The company is known for its contemporary designs and high-quality craftsmanship, appealing to a broad customer base.

With a commitment to innovation and precision, the company has strengthened its presence in both domestic and international markets. Sky Gold and Diamonds continues to expand its offerings, ensuring a blend of tradition and modern aesthetics.

Senco Gold Ltd

The Market Cap of Senco Gold Ltd is ₹4,740.20 crore. The stock’s 1-month return is -39.07%, while its 1-year return is -27.28%. It is currently 166.57% away from its 52-week high.

Senco Gold Ltd is a leading jewellery brand known for its exquisite gold, diamond, and platinum collections. With a rich legacy, the company has built a strong reputation for providing customers with authentic, beautifully crafted jewellery.

Expanding its reach across India, Senco Gold continues to offer a diverse range of designs, blending traditional craftsmanship with modern aesthetics. Its focus on quality and customer satisfaction has made it a preferred choice among jewellery buyers.

Rajesh Exports Ltd

The Market Cap of Rajesh Exports Ltd is ₹4,669.24 crore. The stock’s 1-month return is -10.43%, while its 1-year return is -49.19%. It is currently 110.54% away from its 52-week high.

Rajesh Exports Ltd is one of the world’s largest gold refiners and jewellery manufacturers, known for its extensive global presence. It plays a key role in the gold supply chain, catering to diverse consumer markets with its superior-quality jewellery.

With a strong commitment to excellence, the company integrates advanced technology with traditional artistry. Rajesh Exports continues to innovate in the jewellery sector, offering a wide range of finely crafted gold and diamond products.

Goldiam International Ltd

The Market Cap of Goldiam International Ltd is ₹4,322.53 crore. The stock’s 1-month return is -21.73%, while its 1-year return is 124.55%. It is currently 40.58% away from its 52-week high.

Goldiam International Ltd is a leading diamond jewellery manufacturer and exporter known for its precision-cut diamonds and exquisite craftsmanship. The company has established itself as a trusted name in the international jewellery market.

With a focus on sustainability and innovation, Goldiam International continues to offer high-quality, conflict-free diamonds. It leverages advanced technology and ethical sourcing practices to create beautifully designed jewellery for global consumers.

What Are Jewellery Stocks In India?

Jewellery stocks in India refer to shares of companies engaged in the design, manufacturing, and retailing of various types of jewellery. These businesses may specialize in gold, diamond, or traditional jewellery, catering to domestic and international markets and offering a range of products.  

Investing in jewellery stocks can provide exposure to the growing demand for luxury items in India, driven by rising disposable incomes and changing consumer preferences. These stocks are influenced by factors such as gold prices, economic trends and evolving fashion trends, making them an interesting option for investors.

Features Of Top Jewellery Stocks

The feature of top jewellery stock is strong brand recognition is crucial for top jewellery stocks as it enhances customer trust and loyalty, leading to consistent sales and long-term growth.  

1. High-Quality Products: Companies with a reputation for producing premium, well-crafted jewellery tend to dominate the market and maintain customer loyalty.
2. Global Presence: Leading jewellery stocks often have a broad international reach, allowing them to tap into diverse markets and reduce regional risks.
3. Innovation in Design: Constant innovation in jewellery design and the use of new materials helps in attracting trend-conscious customers and staying ahead in the competitive market.
4. Robust Financial Health: Strong financial performance, including steady revenue growth and profitability, is a hallmark of top jewellery companies, making them reliable investments.
5. Sustainability Practices: Commitment to ethical sourcing and sustainable practices is increasingly important, appealing to environmentally conscious consumers and improving brand reputation.

Best Jewellery Stocks In India Based on 6-Month Return

The table below shows the best jewellery stocks in India based on 6-month return.

Top Jewellery Stocks Based on 5-Year Net Profit Margin

The table below shows the top jewellery stocks based on 5-year net profit margin.

Best Jewellery Stocks in India Based on 1M Return

The table below shows the best jewellery stocks in India based on a 1m return.

High Dividend Yield Jewellery Sector Stocks

The table below shows the high dividend yield jewellery sector stocks.

Historical Performance of Jewellery Stocks

The table below shows the historical performance of jewellery stocks.

Factors To Consider When Investing In Jewellery Stocks In India

The factor to consider when investing in jewellery stocks in India is market demand and consumer trends are crucial when investing in jewellery stocks in India. Understanding what drives consumer preferences, such as cultural trends and economic conditions, can help investors identify which companies are likely to perform well.

1. Economic Stability: The performance of jewellery stocks is closely linked to the overall economic environment. A stable economy supports higher disposable income, boosting demand for luxury items like jewellery.
2. Regulatory Environment: Investors must consider the impact of government regulations on gold imports, taxes and duties, as these can significantly influence the profitability of jewellery companies.
3. Brand Reputation: Companies with strong brand recognition and consumer trust are more likely to sustain long-term growth, making them safer investment choices.
4. Operational Efficiency: Evaluating a company’s supply chain, manufacturing processes, and cost management is important as it directly affects margins and overall profitability.
5. Sustainability and Ethical Sourcing: As consumer awareness grows, companies committed to sustainable practices and ethical sourcing of materials may attract more customers, positively influencing their stock performance.

How To Invest In The Best Jewellery Stocks?

Investing in the best jewellery stocks involves researching companies with strong financials, brand reputation, and market presence. Consider trends, economic factors, and sustainability practices. Diversify your portfolio by including top-performing stocks in the sector. To start investing seamlessly, open a Demat account with Alice Blue for expert guidance and support.

Impact of Government Policies on Jewellery Sector Stocks In India

Government policies significantly influence the jewellery sector stocks in India. Taxation policies, such as GST on gold, affect consumer demand and profitability. Changes in import duties on precious metals impact raw material costs, directly influencing stock prices. 

Additionally, regulations aimed at increasing transparency, like mandatory hallmarking, can raise compliance costs for jewellery companies, affecting their margins and stock performance. 

Lastly, broader economic policies, including interest rate changes and trade agreements, shape investor sentiment and market dynamics, further impacting the performance of jewellery sector stocks in India.

How Jewellery Sector Stocks Perform in Economic Downturns?

During economic downturns, jewellery sector stocks often experience volatility. Reduced consumer spending power leads to lower demand for luxury items like jewellery, which can negatively impact sales and profitability. As a result, stock prices of jewellery companies may decline.

However, gold, a key component of jewellery, is often viewed as a safe-haven asset during economic uncertainty. This can lead to increased demand for gold, supporting jewellery sector stocks to some extent. The overall performance of these stocks during downturns depends on the balance between declining demand and the value of gold.

Advantages Of Investing In Jewellery Stocks in India?

The primary advantage of investing in jewellery stocks in India is the potential for capital appreciation driven by the growing demand for gold and precious stones, especially in a culturally significant market like India.

1. Hedge Against Inflation: Jewellery stocks often benefit from rising gold prices, which can serve as a hedge against inflation, helping to preserve the value of investments during periods of economic uncertainty.
2. Stable Demand: The consistent cultural and religious demand for gold in India ensures a steady market, providing stability to jewellery companies and their stock prices, even during economic downturns.
3. Diverse Revenue Streams: Jewellery companies often have diversified portfolios, including gold, diamonds, and other precious stones, which helps in mitigating risks and ensuring more consistent returns for investors.
4. Export Opportunities: India is a leading exporter of jewellery, particularly to markets like the Middle East and the U.S., offering significant growth potential for companies and their stocks due to increasing global demand.
5. Regulatory Support: Government initiatives like mandatory hallmarking and the reduction of import duties support the growth and credibility of the jewellery sector, potentially boosting investor confidence and driving stock prices higher.

Risks Of Investing In Top Jewellery Stocks in India?

The main risk of investing in top jewellery stocks in India is the high dependency on gold prices, which can be volatile and subject to global economic and political factors, impacting stock performance.

1. Regulatory Changes: Sudden changes in government policies, such as increased import duties or new taxation rules, can adversely affect profitability, leading to a decline in stock prices for jewellery companies.
2. Economic Downturns: During economic downturns, consumer spending on luxury items like jewellery decreases, potentially leading to lower sales and reduced profitability for companies, negatively impacting their stock performance.
3. Exchange Rate Fluctuations: As many jewellery companies rely on imported raw materials, fluctuations in exchange rates can increase costs, squeezing profit margins and affecting the overall financial health of the business.
4. Competitive Market: The jewellery sector in India is highly competitive, with numerous players vying for market share. Increased competition can lead to lower margins and impact the growth prospects of top jewellery stocks.
5. Consumer Sentiment: Jewellery purchases are often influenced by consumer sentiment and discretionary spending. Any negative shift in consumer confidence or changes in cultural buying patterns can lead to reduced demand, impacting stock prices.

Jewellery Stocks GDP Contribution

Jewellery stocks play a significant role in India’s economy, with the jewellery sector contributing around 7% to the country’s GDP. This industry is a major player in the economy, driven by domestic consumption and strong export demand, particularly in gold and diamond jewellery.

Additionally, the sector supports millions of jobs, from artisans to retail employees, further bolstering its economic impact. The performance of jewellery stocks is closely linked to this contribution, as growth in the sector directly influences investor confidence and the overall economic health of India.

Who Should Invest in Jewellery Sector Stocks?

Investing in jewellery sector stocks can be appealing to those looking for exposure to a unique blend of luxury, cultural significance, and commodity-linked growth. These stocks can offer a hedge against inflation and an opportunity for long-term capital appreciation.

1. Long-term Investors: Those with a long-term investment horizon may benefit from the steady growth potential of the jewellery sector, driven by consistent demand and the rising value of precious metals like gold.
2. Risk-tolerant Investors: Investors comfortable with moderate risk may find jewellery stocks attractive, as they can experience volatility due to fluctuations in gold prices, regulatory changes, and economic conditions.
3. Diversification Seekers: Investors looking to diversify their portfolios with a blend of consumer goods and commodities might consider jewellery stocks, as they offer exposure to both market segments.
4. Culturally Attuned Investors: Those who understand the cultural significance of gold and jewellery in India may better appreciate the underlying drivers of demand, making them well-suited to invest in this sector.

Best Jewellery Stocks In India – FAQs

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.