Senco Gold grows 60% in Q1FY27, outpaces Titan and Kalyan yet trades at 9x earnings
Q1FY27 updates show Indian gold jewellery retailers riding festival demand despite import taxes rising to 15%. Senco Gold led with 60% revenue growth (38% SSSG), ahead of Titan's 39% domestic jewellery gain and Kalyan's 38%. Titan's international arm surged 128%. Valuation gap stark: Titan at 79.3 P/E, Kalyan 26.6, Senco just 9.3.
Q1FY27 updates from Indian gold jewellery retailers: Titan grew 39%, Kalyan 38%, Senco Gold 60% despite higher import taxes, festival demand aiding sales. Article highlights Senco's valuation discount versus Titan and store expansions.