Titan leads jewellery pack on margins as Rajesh Exports' EBITDA collapses under Sebi cloud
FY22-FY26 scorecard: Titan posts 10-13% EBITDA margins and Rs 5,069 cr net income; Kalyan steady at 6-8% with Rs 1,350 cr profit. Rajesh Exports' EBITDA crashed to Rs 107 cr from Rs 1,579 cr in FY22 amid a Sebi probe into a Rs 15.15 lakh crore discrepancy.
Five-year financial comparison of India's top jewellery players: Titan leads on profitability with 10-13% EBITDA margins and Rs 5,069 cr net income, Kalyan grows steadily, while Rajesh Exports' margins collapsed to near-zero amid Sebi scrutiny.