Kama Jewelry Forecasts 15–20% Sales Spike, Ticket Size ₹1.5–3 Lakh

Kama Jewelry’s managing director, Colin Shah, flagged a 15–20% sales surge for the upcoming festive and wedding season, citing an average ticket size that could climb to ₹1.5 lakh–₹3 lakh.

World Gold Council data shows that India’s jewellery demand fell 15% year‑on‑year to 75 tonnes in Q2 2026, yet the sector’s value jumped 34% to ₹1.132 trillion, underscoring a shift from weight to value.

Motisons Jewellers’ CFO, Kaustubh Chhabra, echoed the cautious optimism, noting that consumers remain committed to occasion‑linked purchases but are trimming weight and focusing on design, while Kataria Jewellers’ CEO, Yash Kataria, highlighted a shift towards lightweight, versatile pieces that can be worn across events.

Analysts are watching Kama’s March earnings closely; if the 15–20% sales bump materialises, the company could close Q3 with revenue up 12% YoY, comfortably beating the 8% consensus.

With gold prices still volatile, the sector’s pivot to old‑gold exchange and value‑centric buying is likely to sustain demand. Investors should note that Kama’s guidance for Q3 does not yet include a revised profit margin, leaving room for upside if the festive spike translates into higher operating leverage.