Tag
Jewellery
5 articles
India's jewellery sector demonstrates robust growth and evolving strategies. Several companies reported strong results, with Khazanchi Jewellers experiencing a 99% jump in FY26 profit and PN Gadgil Jewellers reporting a 41% revenue increase, fueled by same-store sales growth and a rising studded jewellery ratio. Simultaneously, Verlas is entering the market with a focus on lab-grown diamonds and sustainability, targeting a new segment of consumers seeking accessible luxury. These developments, alongside 7NR Retail's planned acquisition of Cultureantique Jewellery, suggest a dynamic landscape characterized by expansion, premiumization, and a shift towards alternative diamond sources, potentially reshaping investor expectations for the sector.
PN Gadgil Jewellers Q1 FY27 Revenue Up 41% YoY
P N Gadgil Jewellers reported Q1 FY27 revenue growth of 41% YoY with retail segment surging 56% driven by 46% same-store sales growth.
Retail contributed 78% of total revenue with studded jewelry rati
Verlas Launches Lab‑Grown Diamond Jewellery in India
Verlas, a New York‑born lab‑grown diamond fine jewellery brand, has launched its India operations via a digital‑first platform at verlas.in.
The collection features IGI‑certified lab‑grown diamonds se
Laxmi Jewellery Granted Stay on Execution
Madras High Court dispensed with the original order, permitting Laxmi Jewellery Chennai Pvt Ltd to file a Civil Revision Petition.
Execution proceedings against the petitioner are stayed until the rev
7NR Retail to Acquire Cultureantique Jewellery via Share Swap
7NR Retail Limited board meeting scheduled for July 8, 2026 to approve acquisition of 100% equity shareholding of Cultureantique Jewellery Private Limited.
Acquisition consideration to be discharged t
Khazanchi Jewellers FY26 PAT Surges 99% YoY
Khazanchi Jewellers reported a 98.87% YoY surge in FY26 PAT to ₹89.42 crores, with margins expanding significantly.
The company launched a large-format flagship showroom in Chennai to drive retail gro