loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Consumer Discretionary companies – Jewellery continues to outperform; value fashion companies fared well

ICICIdirect Research 10 Apr 2026 DISCLAIMER

Jewellery companies continue to shine:
Jewellery companies continue to shine in Q4FY26 with strong double digit revenue growth driven by high wedding demand, sharp increase in the gold prices and store network expansion.
Listed companies such as Titan Company, Kalyan Jewellers, Senco Gold and PNG Jewellers registered robust growth of 46%, 64%, 46% and 38% respectively during the quarters.
Titan’s domestic jewellery biz grew by 47%, while Caratlane registered a growth of 24%.
Sustained demand for wedding jewellery and expected higher sales during the auspicious day such as Akshay Tritiya will drive strong growth in Q1FY27.

Value fashion companies performed well:
Large value-fashion company Trent registered sequential improvement in the revenue growth to 20% vs. 16-17% revenue growth in earlier quarters. This was on back of strong store addition of 131 stores in Q4FY26 and normalisation of high base.
Other value fashion companies such as V2-Retail, V-Mart Retail and Baazar Style registered revenue growth in the range of 35-60% driven by store addition while SSSG growth moderated to 8-12% during the quarter.

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere