India’s jewellery market is valued at approximately USD 89.65 billion in 2024 and is set to grow significantly, reaching an estimated USD 130 billion by 2030. This growth is driven by increasing disposable incomes, a cultural love for jewellery, and a rising preference for branded jewellery. Revenue is expected to reach USD 93.56 billion by 2025, with a robust compound annual growth rate (CAGR) of 17.35 percent for the period of 2024-2030.
Currently, several leading jewellery stocks are trading at discounts of up to 41 percent from their 52-week highs, presenting potential investment opportunities in a rapidly growing market.
Here are a few Jewellery stocks trading at discount up to 41 percent from its 52-week high
Kalyan Jewellers India Limited
With a market capitalization of Rs. 48,559.98 crores, the shares of Kalyan Jewellers India Limited are currently trading at Rs. 470.80 per equity share, rising nearly around 0.81 percent from its previous day’s close price of Rs. 467. The stock is currently trading at 40.75 percent below its 52-week high of Rs. 794.60
Kalyan Jewellers India Limited was established in 1993 and is one of India’s largest jewelry retailers, engaged in the design, manufacture, and sale of gold, diamond, and platinum jewelry. The company operates a vast network of stores across India and the Middle East, offering a wide range of traditional and contemporary jewelry collections.
Kalyan Jewellers India Limited’s revenue has increased from Rs. 5,223 crore in Q3 FY24 to Rs. 7,287 crore in Q3 FY25, which has grown by 39.52 percent. The net profit has also grown by 21.67 percent from Rs. 180 crore in Q3 FY24 to Rs. 219 crore in Q3 FY25.
Titan Company Limited
With a market capitalization of Rs. 2,80,646.96 crore, the shares of Titan Company Limited currently trading at Rs. 3,161.20 per equity share, down nearly around 0.99 percent from its previous day’s close price of Rs. 3,192.80. The stock is currently trading at 18.23 percent below its 52-week high of Rs. 3,866.15.
Titan Company Limited was established in 1984 and is a leading Indian manufacturer and retailer of watches, jewelry, and eyewear. The company is engaged in designing and producing a wide range of products under popular brands like Tanishq, Titan, Fastrack, and others, catering to both domestic and international markets.
Titan Company Limited’s revenue has increased from Rs. 14,164 crore in Q3 FY24 to Rs. 17,740 crore in Q3 FY25, which has grown by 25.25 percent. The net profit has decreased by 0.57 percent from Rs. 1,053 crore in Q3 FY24 to Rs. 1,047 crore in Q3 FY25.
P N Gadgil Jewellers Limited
With a market capitalization of Rs. 7,248.18crore, the shares of P N Gadgil Jewellers Limited currently trading at Rs. 534.10 per equity share, up nearly around 0.75 percent from its previous day’s close price of Rs. 530.10. The stock is currently trading at 36.70 percent below its 52-week high of Rs. 843.80.
P N Gadgil Jewellers Limited was established in 1832 and is one of India’s oldest and most renowned jewelry brands, engaged in the design, manufacture, and retail of gold, diamond, and platinum jewelry. The company offers a wide range of traditional and contemporary collections, serving customers through its retail outlets across India.
P N Gadgil Jewellers Limited’s revenue has increased from Rs. 14,164 crore in Q3 FY24 to Rs. 17,740 crore in Q3 FY25, which has grown by 25.25 percent. The net profit has decreased by 0.57 percent from Rs. 1,053 crore in Q3 FY24 to Rs. 1,047 crore in Q3 FY25.
Senco Gold Limited
With a market capitalization of Rs. 4,722.20 crores, the shares of Senco Gold Limited hit a 5 upper circuit of Rs. 288.50 per share on Friday, up from its previous closing price of Rs. 274.80 per share. The stock is currently trading at 60 percent below its 52-week high of Rs. 772.
Senco Gold was established in 1994 and is a leading Indian jewelry brand known for its gold, diamond, and platinum collections. Headquartered in Kolkata, the company specializes in crafting traditional and contemporary jewelry, serving customers through its retail stores and online platforms.
PC Jeweller Limited’s revenue has increased from Rs. 1,651 crore in Q3 FY24 to Rs. 2,023 crore in Q3 FY25, which has grown by 22.53 percent. The net profit has decreased by 70.27 percent from Rs. 111 crore in Q3 FY24 to Rs. 33 crore in Q3 FY25.
Sky Gold Limited
With a market capitalization of Rs. 4,817.50 crores, the shares of Sky Gold Limited currently trading at Rs. 329 per equity share, up nearly around 1.54 percent from its previous day’s close price of Rs. 324. The stock is currently trading at 32.71 percent below its 52-week high of Rs. 488.95.
Sky Gold Limited is engaged in the manufacturing and retail of high-quality gold and diamond jewelry. The company offers a wide range of designs and owns renowned brands, providing customers with premium jewelry options across various markets.
Sky Gold Limited’s revenue has increased from Rs. 460 crore in Q3 FY24 to Rs. 998 crore in Q3 FY25, which has grown by 116.96 percent. The net profit has increased by 311.11 percent from Rs. 9 crore in Q3 FY24 to Rs. 37 crore in Q3 FY25.
Written By – Nikhil Naik
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