Shares of jewellery companies, including Titan Company and Kalyan Jewellers, are expected to be in focus following Prime Minister Narendra Modi's recent comments urging citizens to avoid gold purchases for weddings over the next year. This appeal is part of a broader strategy to conserve fuel and foreign exchange reserves. Modi's remarks come at a time when India's gold imports are under pressure, with projections indicating that imports in April may decline to their lowest levels in nearly thirty years due to unexpected tax demands on banks. India, the world's second-largest gold consumer, typically imports about 60 tonnes of gold monthly, costing around $6 billion. In terms of company performance, Titan Company reported a consolidated net profit of ₹1,179 crore for Q4FY26, marking a 35% increase from the previous year. Its total income rose 46% year-on-year to ₹20,300 crore. Similarly, Kalyan Jewellers reported a net profit of ₹409.5 crore, more than doubling from ₹187.6 crore a year ago, with revenue climbing 66.2% to ₹10,274.9 crore. The company's EBITDA margin also improved, indicating robust operational performance.