Titan posts 39% domestic jewellery growth; Senco Gold outpaces at 60%, trades at just 9x earnings
Titan's Q1FY27 domestic jewellery rose 39% and international surged 128% on the Damas boost, adding 33 net domestic stores (1,227 total). Rivals kept pace: Kalyan grew ~38% and Senco Gold 60% amid festive and wedding demand, even as gold import tax jumped to 15% and prices hit Rs 1.44 lakh/10g.
Titan's Q1FY27 domestic jewellery grew 39% and international 128% (aided by Damas), adding 33 net domestic stores. Rivals Kalyan (38%) and Senco Gold (60%, trading at just 9x earnings) also posted strong festive/wedding-driven growth.