Senco Gold outgrows Titan with 60% revenue jump—yet trades at just 9x earnings
Q1FY27 jewellery updates show Titan's domestic segment up 39% y-o-y and international up 128% post-Damas, across 1,227 domestic and 163 international outlets. But smaller rival Senco Gold grew 60% and Kalyan ~38% (28% SSSG), all despite a 15% gold import tax and record prices near Rs 1.44 lakh per 10 grams.
Q1FY27 jewellery update: Titan's domestic jewellery grew 39% y-o-y, international 128% (post-Damas), reaching 1,227 domestic stores. Senco Gold grew 60%, Kalyan ~38%, despite higher gold import taxes and record prices.