Jewellery Stocks
Jewellery stocks represent a unique intersection of luxury, tradition, and financial value. The jewellery industry in India is deeply rooted in culture and festivals, with gold and diamond jewellery being the most popular segments. This sector is influenced by consumer sentiment, gold prices, fashion trends, and wedding seasons. Jewellery stocks offer investors access to a largely retail-driven market with strong margins, recurring demand, and growing formalisation.
List of Jewellery Stocks
| Company Name | Market Price | Market Cap | 52W Low | 52W High | Prev. Close | 1W Return | 1M Return | 6M Return | 1Y Return | 3Y Return | Dividend Yield | PE Ratio | Industry PE |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,327.30 -51.20 (-1.52%)â–¼ | 295393.09 | 2925 | 3867 | 3378.5 | -4.03 % | -7.42 % | 8.82 % | -11.45 % | 25.30 % | 0.33 | 82.18 | 63.85 | |
455.80 -6.75 (-1.46%)â–¼ | 47063.75 | 399.4 | 795.4 | 462.55 | -10.87 % | -8.55 % | -3.90 % | -36.40 % | 410.70 % | 0.33 | 60.31 | 63.85 | |
594.95 -7.85 (-1.30%)â–¼ | 8073.97 | 473.8 | 830 | 602.8 | -6.62 % | 4.74 % | 16.86 % | -22.90 % | 0.00 % | 0 | 32.49 | 63.85 | |
12.15 -1.29 (-9.60%)â–¼ | 7989.08 | 10.28 | 19.65 | 13.44 | -13.40 % | -6.83 % | -3.49 % | -24.81 % | 40.14 % | 0 | 13.69 | 63.85 | |
2,016.30 -47.80 (-2.32%)â–¼ | 6267.07 | 1523.1 | 2567.43 | 2064.1 | -6.41 % | -9.34 % | 9.36 % | -10.94 % | 252.68 % | 0.62 | 58.14 | 63.85 | |
338.40 -7.50 (-2.17%)â–¼ | 5540.23 | 227.4 | 772 | 345.9 | -9.34 % | -9.52 % | 22.14 % | -53.34 % | 0.00 % | 0.3 | 25.71 | 63.85 | |
182.61 -6.41 (-3.39%)â–¼ | 5391.74 | 151.11 | 298.5 | 189.02 | -9.84 % | 3.22 % | -4.32 % | -36.53 % | -70.01 % | 0 | 194.84 | 63.85 | |
272.50 -4.35 (-1.57%)â–¼ | 4220.04 | 241.51 | 488.55 | 276.85 | -7.00 % | -10.60 % | -13.87 % | 6.75 % | 0.00 % | 0 | 34.45 | 63.85 | |
368.10 -3.25 (-0.88%)â–¼ | 4156.51 | 251.35 | 569 | 371.35 | -7.64 % | 5.07 % | -4.77 % | 1.60 % | 192.96 % | 0.77 | 67.01 | 63.85 | |
232.48 -8.54 (-3.54%)â–¼ | 3878.43 | 195 | 338.55 | 241.02 | -6.01 % | 11.93 % | 4.24 % | -23.65 % | -33.72 % | 0.64 | 28.87 | 63.85 | |
18.20 -0.46 (-2.47%)â–¼ | 1791.72 | 15.4 | 33.8 | 18.66 | -5.16 % | -7.43 % | 5.39 % | -40.25 % | 0.00 % | 0 | 39.57 | 63.85 | |
113.76 -4.13 (-3.50%)â–¼ | 1220.51 | 103.01 | 207.4 | 117.89 | -5.39 % | 0.98 % | -10.11 % | -6.04 % | 3.75 % | 0 | 42.48 | 63.85 | |
180.93 -4.46 (-2.41%)â–¼ | 1207.36 | 155.99 | 310.95 | 185.39 | -3.77 % | -4.58 % | 4.32 % | -35.62 % | 134.82 % | 1.24 | 16.16 | 63.85 | |
89.66 -2.41 (-2.62%)â–¼ | 1057.99 | 71 | 157.36 | 92.07 | -4.62 % | -5.98 % | 9.18 % | -34.05 % | 198.87 % | 0 | 16.9 | 63.85 | |
190.93 -3.78 (-1.94%)â–¼ | 932.64 | 180.9 | 315.5 | 194.71 | -5.52 % | -5.12 % | -4.83 % | -30.03 % | 0.00 % | 0 | 9.44 | 63.85 | |
133.32 -4.19 (-3.05%)â–¼ | 533.28 | 125.5 | 251.68 | 137.51 | -7.99 % | 0.11 % | -4.70 % | -21.36 % | 0.00 % | 0 | 14.46 | 63.85 | |
1.96 0.00 (0.00%)â–¼ | 38.78 | 1.6 | 3.05 | 1.96 | 1.55 % | -0.51 % | -3.92 % | -30.74 % | -53.66 % | 0 | 0 | 63.85 |
Disclaimer: By referring to any particular sector, Kotak Securities Limited does not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing. Such representations are not indicative of future results.
What are jewellery stocks?
Jewellery stocks refer to shares of companies involved in designing, manufacturing, and retailing ornaments made from gold, silver, platinum, diamonds, and other precious stones. These companies operate through standalone stores, franchise models, or e-commerce platforms and may also export jewellery products globally.
Jewellery companies cater to various price segments, from daily-wear items to premium bridal and luxury collections. Their revenues are driven by seasonal demand, gold price trends, festive buying, and consumer spending power. As the sector transitions from unorganised to organised retail, listed jewellery brands are gaining market share and investor interest.
Why invest in jewellery stocks?
- Cultural demand: Weddings, festivals, and religious events ensure recurring consumption.
- Formalisation trend: Shift from unorganised to branded players boosts listed companies.
- Rising middle class: Higher incomes lead to lifestyle upgrades and gold investment demand.
- Export potential: Indian jewellery has strong demand in international markets.
- Brand loyalty: Trusted jewellers often retain customers across generations.
- Digital shift: E-commerce and online try-on tools are expanding retail reach.
- Asset value: Jewellery serves as both fashion and store of value, ensuring dual demand.
Advantages of investing in jewellery stocks
- Steady cash flows: Regular demand from weddings and festivals ensures business continuity.
- Strong margins: Making charges and designer collections boost profitability.
- Brand expansion: Organised players are scaling store networks across cities.
- Export revenues: Companies with international presence diversify income streams.
- Inventory value: Gold-heavy inventory benefits when metal prices rise.
- Retail scalability: Franchising and omnichannel models allow rapid market penetration.
- Jewellery as investment: Demand also driven by gold’s role as a financial asset.
- Shift to lightweight and everyday wear: Increases consumption frequency and customer base.
Points to consider before investing in jewellery stocks
- Gold price volatility: Fluctuating prices affect demand and inventory value.
- Inventory risk: High-value stock requires careful management and insurance.
- Consumer sentiment sensitivity: Discretionary nature makes it vulnerable to income or job shocks.
- Working capital needs: Large gold inventories and store operations require significant funding.
- Regulatory changes: Import duties, hallmarking rules, and taxation impact margins.
- Competition from unorganised sector: Though shrinking, local jewellers still dominate in many regions.
- Currency fluctuations: Affects cost of imports and international sales.
- Seasonal sales concentration: A large portion of revenues may come during festive periods.
- Counterfeit risks: Brand trust is vital; any quality or authenticity issue can hurt reputation.
- Dependence on gold loans and credit: Credit facilities drive both inventory procurement and customer purchases.
How to invest in jewellery stocks
- Set up a trading account: Open a demat and trading account through a registered platform.
- Understand business model: Analyse whether the company is retail-heavy, export-driven, or franchise-based.
- **Check inventory strategy: ** Efficient inventory turnover and hedging practices indicate operational strength.
- Review financials: Focus on margins, revenue growth, same-store sales, and return ratios when searching for the best jewellery stocks.
- Track gold trends: Jewellery sales are influenced by prevailing gold price movements.
- Evaluate store expansion plans: Aggressive yet sustainable expansion supports long-term growth.
- Compare with peers: Benchmark financials and operating metrics to industry averages.
Jewellery Stocks FAQs
Are there risks associated with investing in jewellery stocks?
Yes. Jewellery companies face risks from gold price volatility, weak festive demand, and high inventory costs. Consumer discretionary spending patterns and regulatory changes also impact margins and profitability.
Is diversification important when investing in jewellery stocks?
Yes. Investing across companies with different focuses - retail, exports, or regional dominance - can reduce risks tied to seasonality, gold prices, or local competition.
How to identify promising jewellery stocks?
Look for companies with strong brand presence, efficient inventory management, expanding retail networks, and consistent profit margins. A high percentage of revenue from repeat customers is also a good sign.
How to analyse the financial performance of jewellery stocks?
Focus on inventory turnover, gross and operating margins, same-store sales growth, and working capital cycle. Track how companies manage gold price fluctuations and control operating costs.
How does the jewellery sector perform during downturns or recessions?
Demand for high-end jewellery may dip, but gold’s value as an investment often keeps baseline demand steady. Well-managed companies with a strong brand and customer loyalty tend to weather downturns better.
Is it worth investing in the jewellery sector?
Yes, especially in brands benefiting from formalisation and rising income levels. The best jewellery stocks offer a mix of lifestyle and investment-driven demand, with strong margins and potential for long-term expansion.