Explained: Why Titan, Kalyan Jewellers, other gold stocks will be in focus on Monday

Synopsis

Shares of Titan Company, Kalyan Jewellers and other jewellery firms are likely to remain in focus after Prime Minister Narendra Modi urged citizens to avoid buying gold for weddings for a year. The sector also remained active following strong Q4FY26 earnings reported by key jewellery companies.

Shares of jewellery companies, including Titan Company, Senco Gold, Kalyan Jewellers, among others, are expected to remain in focus on Monday after Prime Minister Narendra Modi’s remarks at a public event in Hyderabad over the weekend, coupled with the latest March quarter earnings announced by key players in the sector.

Speaking at the event in Hyderabad, PM Modi appealed to citizens to avoid buying gold for weddings for the next one year. The request was part of a wider appeal aimed at conserving fuel and foreign exchange reserves, with the Prime Minister also advocating the return of work-from-home practices and urging people to reduce non-essential travel, including international trips.

The comments come at a time when India’s gold imports are already witnessing pressure. According to Reuters, gold imports in April may decline to their lowest level in almost three decades after banks faced an unexpected tax demand.

India remains the world’s second-largest consumer of gold and imported an average of 60 tonnes of the precious metal every month during FY26, translating into a monthly import bill of nearly $6 billion.

Apart from this, stocks such as Titan Company and Kalyan Jewellers are also likely to remain active after reporting their Q4FY26 earnings.

Titan Company reported a consolidated net profit of Rs 1,179 crore for the March-ended quarter, registering a 35% increase from Rs 871 crore reported in the corresponding period last year. The Tata Group company’s total income during Q4FY26 rose 46% year-on-year to Rs 20,300 crore compared with Rs 13,891 crore in the same quarter of the previous financial year.

The company’s Earnings Before Interest and Taxes (EBIT) stood at Rs 1,875 crore during the quarter under review, up 28% from Rs 1,470 crore reported in Q4FY25.

Meanwhile, Kalyan Jewellers India posted a net profit of Rs 409.5 crore in the March quarter of FY26, more than doubling from Rs 187.6 crore recorded in the year-ago period, marking a growth of 118.2%.

Revenue from operations for the quarter climbed 66.2% year-on-year to Rs 10,274.9 crore compared with Rs 6,181.5 crore in the corresponding quarter last year. EBITDA rose 84.2% to Rs 735.7 crore against Rs 399.4 crore reported a year earlier.

The company also reported an improvement in EBITDA margin, which expanded to 7.2% from 6.5% in the corresponding quarter of the previous financial year, according to a regulatory filing made on Friday.

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