Senco Gold outgrows Titan and Kalyan in Q1FY27—up 60% yet trades at just 9x earnings
India's jewellery retailers powered through higher gold import taxes in the June 2026 quarter. Titan's domestic jewellery rose 39% and Kalyan ~38%, but Senco Gold led the pack at 60% growth. Titan added 33 net domestic stores to reach 1,227 outlets, while its international jewellery surged 128% across 163 outlets.
Indian jewellery retailers posted strong Q1FY27 growth despite higher gold import taxes. Titan grew 39% domestically, Kalyan ~38%, and Senco Gold led at 60%. Titan added 33 net domestic stores, reaching 1,227 outlets; international jewellery surged 128%.