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Jewellery stocks ahead of festive season: Can Q2 deliver sustained growth amid rising rates, bond yields?
Economic Times 1 hr ago·14 Oct 2026, 3:25 am
Indian jewellery stocks are facing a complex mix of opportunities and challenges as the festive season approaches. While rising gold prices and higher interest rates typically dampen demand, recent quarterly updates suggest that revenue growth remains resilient. This divergence highlights the sector's ability to absorb macroeconomic headwinds, though it also raises questions about the sustainability of current earnings momentum.
For investors, the key focus is whether this growth can continue into the second half of the fiscal year. The shift in the festive calendar to the third quarter is critical, as it often drives a significant portion of annual sales. Market participants will closely watch for signs of margin pressure and inventory levels, which could influence stock performance in the coming months.
Looking ahead, the sector's performance will depend on how well companies manage rising input costs and consumer sentiment. Analysts are likely to scrutinize balance sheets and pricing strategies to gauge long-term viability. Investors should keep an eye on broader economic indicators, as they will play a pivotal role in shaping the outlook for jewellery stocks in the near term.
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