By BullScreen Editorial Team 
Shares of Kalyan Jewellers India and PC Jeweller moved higher in early trade on April 7 after both companies reported solid business updates for the March quarter, driven by strong wedding demand and steady consumer spending despite volatile gold prices.
Kalyan Jewellers’ stock rose over 1% in morning trade, while PC Jeweller gained nearly 3%, reflecting investor optimism around their growth momentum and improving financial performance.
Kalyan Jewellers reported a sharp 64% year-on-year revenue growth in Q4 FY26, with full-year revenue rising 42%. Its India business remained the key driver, delivering over 65% growth supported by strong same-store sales and healthy demand across major markets. The company highlighted that both wedding and discretionary purchases remained resilient, even amid fluctuating gold prices. International operations also contributed positively, growing around 45% YoY.
The company continued its aggressive expansion, adding new showrooms across India and scaling its Candere brand. Management indicated strong advance bookings for upcoming festive occasions like Akshaya Tritiya, signaling continued demand strength.
Meanwhile, PC Jeweller posted a 32% rise in standalone revenue for the quarter, with FY26 revenue up 49%, marking steady progress in its turnaround strategy. The company also reduced its bank debt significantly during the quarter and reiterated its goal of becoming debt-free soon. Additionally, its move to establish a mining subsidiary in Chad reflects a push toward vertical integration.
The updates come at a time when India’s jewellery sector is benefiting from a strong wedding cycle and festive demand, positioning both companies for continued growth in the near term.