Titan jewellery grows 39% as Senco outpaces at 60%—yet trades at just 9x earnings
Q1FY27 jewellery updates show Titan's domestic jewellery up 39% y-o-y across 1,227 stores, with international sales up 128% after the Damas addition. Kalyan grew ~38% (SSSG 28%), while Senco Gold's 60% revenue jump commands only ~9x earnings. Sector rides gold at Rs 1.44 lakh/10g, up 41%, despite the import tax hike to 15%.
Q1FY27 jewellery updates: Titan's domestic jewellery grew 39% y-o-y (163+1,227 stores), international +128% after Damas addition. Kalyan grew ~38%, Senco Gold +60% yet trades at ~9x earnings, despite gold import tax hike to 15%.