Stocks to Watch today, April 7, 2025: Godrej Consumer, Aurobindo Pharma, IRFC, ACME Solar Holdings, PC Jeweller, and Titagarh Rail are some of the key stocks to watch today
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
Precious prices jumped after investors sought shelter in safe havens after the US and Israel attacked Iran over the weekend, adding to worries for equity investors
Analysts believe that the gems and jewellery related sector is likely to benefit from the India-US trade deal.
PC Jeweller Ltd on Tuesday reported a 28 per cent increase in its consolidated net profit at Rs 190.10 crore in the quarter ended December, mainly on festive demand. Its net profit stood at Rs 147.96 crore in the year-ago period. Total income grew to Rs 900.51 crore in the October-December period of this fiscal from Rs 683.44 crore in the corresponding period of the preceding year, according to a regulatory filing. PC Jeweller MD Balram Garg said the company has posted a resilient operational performance in the third quarter of this fiscal, "driven by continued consumer demand during the festive and wedding season." On the balance sheet front, he said the company continues to make steady progress towards its stated objective of becoming debt-free. "Since the execution of the settlement agreement with banks on 30 September 2024, the company has reduced its outstanding debt by approximately 68 per cent, reflecting a significant improvement in its financial position and reaffirming .
PC Jeweller reported a 37 per cent Y-o-Y growth in the standalone revenue during October-December (Q3FY26), according to the business update.
Jewellery demand is anticipated to see an uptick in H2FY26, given the higher number of weddings, up by 7-8 per cent
With gold prices correcting from its high and festive pickup in sales, ICICI Securities expects Titan's EBIDTA margins to sequentially improve in Q3 with better margins in its core jewellery business.