Jewellery stocks enter the festive season with mixed share performance: Sky Gold and Diamonds rose 56% and PC Jeweller 40% over three months, while Thangamayil fell 26% and Titan slipped 2%. September-quarter updates showed revenue growth of 26% at Kalyan Jewellers, 25% across Titan's consumer businesses and 28% at PC Jeweller, which also became debt-free. Motilal Oswal expects coverage companies' sales, EBITDA and profit after tax to grow 23%, 26% and 27% in Q2FY27, despite gold prices rising about 45% year-on-year. Analyst Mayank Jain says investors should weigh operating metrics, valuation and gold-price volatility, scoring Sky Gold 2 out of 5 on value and Titan 1 out of 5, which he labels 'Very Expensive'. The article notes that Sky Gold's earnings and margins need to be checked against its valuation after the sharp rally.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Jewellery stocks to buy : Titan , Sky Gold , Kalyan Jewellers - Where should you invest ahead of Q2 results ?
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