Senco Gold grew 60% yet trades at 9x earnings while Titan commands 79x on 39% growth
Q1FY27 update: Indian gold jewellers post strong growth despite import taxes rising to 15% from 6% and gold at Rs 1.45 lakh/10g. Titan domestic jewellery grew 39% with 1,227 outlets; Kalyan ~38% (28% SSSG, 524 outlets); Senco Gold led at 60% revenue growth and 38% SSSG. Valuations diverge sharply—Titan 79.3x P/E vs Kalyan 26.6x vs Senco 9.3x.
Q1FY27 update: Indian gold jewellers post strong growth despite higher import taxes. Titan domestic jewellery grew 39%, Kalyan ~38%, Senco Gold 60%. Valuations diverge sharply—Titan at 79x P/E versus Senco at 9.3x despite faster growth.