Best Jewellary 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

Rajesh Exports Ltd

The Market Cap of Rajesh Exports Ltd is Rs. 8,723.46 crores. The stock’s monthly return is -6.21%. Its one-year return is -41.95%. The stock is 81.76% away from its 52-week high.

Rajesh Exports Limited is an Indian company that specializes in refining gold and producing a wide range of gold products. The company exports its goods globally and also operates wholesale and retail outlets in India. 

Under the brand name SHUBH Jewellers, it has retail showrooms. With manufacturing facilities in various locations including Bangalore, Cochin and Dubai, the company has a collective capacity to produce around 400 tons of gold jewellery and products annually. Their product range includes handmade, casting, machine chains, stamped, studded, tube, and electro-formed jewellery.  

Senco Gold Ltd

The Market Cap of Senco Gold Ltd is Rs. 8,378.87 crores. The stock’s monthly return is 12.14%. Its one-year return stands at 158.00%. The stock is currently 10.30% away from its 52-week high.

Senco Gold Limited is a jewellery retailer based in India. The company specializes in gold and diamond jewellery, as well as pieces made from silver, platinum, precious and semi-precious stones and other metals. 

Additionally, they offer costume jewellery, gold and silver coins and silver utensils. With around 108,000 gold jewellery designs and over 46,000 diamond jewellery designs, the company also features a wide range of handcrafted jewellery. Their products are sold under the Senco Gold & Diamonds brand through various channels, including about 70 company-operated showrooms and 57 franchise showrooms.

Kalyan Jewellers India Ltd

The Market Cap of Kalyan Jewellers India Ltd is Rs. 63,405.32 crores. The stock’s monthly return is 7.50%. Its one-year return is 177.06%. The stock is 3.66% away from its 52-week high.

Kalyan Jewellers India Limited is an Indian jewellery retailer specializing in a wide range of jewellery products including gold, diamond, pearl, white gold, gemstone, platinum and silver. The company offers various brands such as Mudhra, Anokhi, Rang, Vedha, Tejasvi, Apoorva, Ziah, Laya and Glo, featuring items like chains, rings, necklaces, earrings, bracelets and bangles in gold, white gold and platinum. 

Services provided by Kalyan Jewellers include jewellery purchase advance schemes, gold insurance, wedding purchase planning, booking of purchases to mitigate price increases, sale of gift vouchers and gold buying tips and education.  

Thangamayil Jewellery Ltd

The Market Cap of Thangamayil Jewellery Ltd is Rs. 5,338.43 crores. The stock’s monthly return is 8.52%. Its one-year return stands at 63.19%. The stock is currently 3.59% away from its 52-week high.

Thangamayil Jewellery Limited, an Indian company, specializes in the production and sale of jewellery and various accessories. The company’s main focus is on crafting gold, diamond and silver items. 

It operates out of a combined space of approximately 78,000 square feet spread across 41 Thangamayil showrooms and 13 exclusive Thangamayil Plus silver showrooms. The company has branches in various cities such as Madurai, Rajapalayam, Sivakasi and others, as well as exclusive silver showrooms in locations like Tiruppuvanam, Devakottai and Sattur, among others.  

PC Jeweller Ltd

The Market Cap of PC Jeweller Ltd is Rs. 5,300.48 crores. The stock’s monthly return is 28.69%. Its one-year return is 302.08%. The stock is 14.42% away from its 52-week high.

PC Jeweller Limited, an Indian company, specializes in the manufacturing, selling and trading of jewellery. The company offers a diverse selection of jewellery, including gold that is 100% hallmarked. 

It is involved in the trading, manufacturing and selling of various jewellery items such as gold, diamond, silver, precious stones, gold jewellery, diamond-studded jewellery and silver articles in different designs. Its product range includes rings, earrings, pendants, gold chains, bracelets, bangles, nose pins and necklaces.  

Sky Gold Ltd

The Market Cap of Sky Gold Ltd is Rs. 3,487.63 crores. The stock’s monthly return is 17.66%. Its one-year return stands at 811.56%. The stock is currently 5.19% away from its 52-week high.

Sky Gold Limited, an India-based company, specializes in designing, manufacturing and marketing gold jewellery. The company primarily focuses on 22 Karat gold jewellery, offering a wide range of designs to meet customer preferences. 

Their jewellery products feature studded American diamonds and coloured stones in various designs. Sky Gold Limited offers a diverse product range including gold, studded and other jewellery items at different price points, suitable for various occasions from weddings to everyday wear.  

Goldiam International Ltd

The Market Cap of Goldiam International Ltd is Rs. 3,473.94 crores. The stock’s monthly return is 68.03%. Its one-year return is 170.39%. The stock is currently 4.99% away from its 52-week high.

Goldiam International Limited, headquartered in India, specializes in manufacturing and exporting diamond-studded gold and silver jewellery. The company serves as a fully integrated original equipment manufacturer (OEM) partner for retailers and operates through two segments: jewellery manufacturing and investment activity. 

Its product range includes engagement rings, wedding bands, anniversary rings, bridal sets, fashion jewellery earrings and pendants, as well as fashion jewellery necklaces and earrings. Goldiam International exports its diamond products to various countries, including the United States and Europe.  

Titan Company Ltd

The Market Cap of Titan Company Ltd is Rs. 315,017.74 crores. The stock’s monthly return is 1.63%. Its one-year return is 15.71%. The stock is 10.19% away from its 52-week high.

Titan Company Limited is an India-based consumer lifestyle company that manufactures and sells a variety of products including Watches, Jewellery, Eyewear, and other accessories. The company is divided into segments such as Watches and Wearables, Jewellery, Eyewear and Others. 

The Watches and Wearables segment encompasses popular brands like Titan, Fastrack, Sonata, and more. The Jewellery segment includes brands such as Tanishq, Mia and Zoya. The Eyewear segment is represented by the Titan EyePlus brand. The company also operates in other sectors such as Aerospace & Defence, Automation Solutions, Fragrances, Accessories, and Indian dress wear.  

D P Abhushan Ltd

The Market Cap of D P Abhushan Ltd is Rs. 3,086.16 crores. The stock’s monthly return is 4.19%. Its one-year return is 214.89%. The stock is 8.20% away from its 52-week high.

D. P. Abhushan Limited is an India-based company engaged in manufacturing, selling and trading gold, diamond-studded, platinum and silver jewellery, as well as other precious metals. Operating through the Gems and Jewellery segment, the company handles wholesale and retail trade and jewellery manufacturing. 

Their collections include Guroor, Paakeezah, Sumukh, Amaya, Meraki and Riwaj. They have showrooms in Ratlam, Indore, Udaipur, Bhopal, Ujjain, Bhilwara, Kota and Banswara. The company’s wholly-owned subsidiary, Gatha Trendz Limited, sells products online, catering to customers across India.

Asian Star Co Ltd

The Market Cap of Asian Star Co Ltd is Rs. 1,465.02 crores. The stock’s monthly return is 9.68%. Its one-year return is 21.18%. The stock is 15.29% away from its 52-week high.

Asian Star Company Limited is an India-based company specializing in diamonds, with a focus on diamond cutting and polishing, as well as jewellery manufacturing and retail. The company operates in segments such as Diamonds, Jewellery and Others, with a vertically integrated approach covering the entire value chain from rough sourcing to diamond cutting, polishing, jewellery manufacturing, distribution and retailing.

Additionally, the company’s Other segment includes wind energy generation. Asian Star offers a wide range of products including generic diamonds, certified diamonds, mine-origin program diamonds and special-cut diamonds. Its clientele includes jewellery manufacturers, retail chains, and e-commerce businesses in various regions globally, such as Asia, Europe, the United States, the Middle East, Australia and South Africa.

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.