Senco Gold's strong update for Q4 sends shares of its peers Titan, Kalyan higher by 5%

A strong business update for the fourth quarter shared by Senco Gold Ltd. has also sent shares of its peer companies, Titan Co. Ltd., and Kalyan Jewellers Ltd. higher on Monday, April 6.

Shares of Senco Gold are trading with gains of close to 11% on Monday after its business update. In light of that, shares of Kalyan Jewellers are trading with gains of over 5%, while Nifty 50 constituent and Tata Group company Titan, is seeing its stock gain over 2% on Monday.

Senco Gold plans to launch 20-25 stores in financial year 2027, and aims to achieve value growth ranging between 20% to 25% in the next financial year.

The company is also targeting Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to be in the 7.5% to 7.8% range next year. For the current financial year, Senco's revenue growth stood at 35% from 21% in financial year 2025. You can read more on Senco's business update here.

Both Titan and Kalyan Jewellers are yet to disclose their business updates for the March quarter.

Jewellery companies will also be in focus for the March quarter due to the sell-off seen in gold prices in the global markets in March in light of the US-Iran war, from record high levels that they had surged to earlier in the year.

The quarter gone by also had events like Valentines Day and Women's Day, while the ongoing quarter will also see the wedding season accelerate and that would also be a determinant of the growth outlook that the companies share for the next financial year.

Despite the move on Monday, shares of Senco Gold are down over 21% from their recent 52-week high.

Shares of Titan are trading 2% higher at ₹4,177.3 and are just 5% away from their 52-week high, while those of Kalyan Jewellers are trading 5.5% higher at ₹415.8. The stock is down nearly 33% from its 52-week high of ₹618.