Top 10 Jewellery Stocks in India: A complete guide
Ornament making, or more specifically, jewelry making forms a significant purlin of the ornament making industry in India and is intact a significant part of the Indian economy. Going far back in history, India has held a feature of having an outstanding jewelers market and has made its own input on the jewelers market all around the world. Currently, most gemstone/ jewelry firms are quoted in the Indian stock markets giving investors a chance to invest on this end-defining market. This blog covers the 10 jewelry stocks in India that have awed the industry.
top 10 jewellery stocks in india
Rank | Company Name | Stock Symbol | Market Cap (Approx.) | Key Segment |
1 | Titan Company Ltd | TITAN | ₹2.6 Trillion | Jewellery, Watches, Eyewear |
2 | Kalyan Jewellers India Ltd | KALYANKJIL | ₹110 Billion | Jewellery Retail |
3 | PC Jeweller Ltd | PCJEWELLER | ₹7 Billion | Jewellery Retail |
4 | Tribhovandas Bhimji Zaveri | TBZ | ₹4 Billion | Jewellery Retail |
5 | Thangamayil Jewellery Ltd | THANGAMAYL | ₹14 Billion | Jewellery Retail |
6 | Vaibhav Global Ltd | VAIBHAVGBL | ₹53 Billion | Jewellery & Lifestyle Products |
7 | Senco Gold Ltd | SENCO | ₹30 Billion | Jewellery Retail |
8 | Rajesh Exports Ltd | RAJESHEXPO | ₹190 Billion | Gold Export & Jewellery |
9 | Shree Ganesh Jewellery House Ltd | GANESHHOUC | ₹3 Billion | Jewellery Export & Retail |
10 | Gitanjali Gems Limited | Gitanjali gems ltd | ₹13 cr | Jewellery Export & Retail |
1. Titan Company Limited
Overview:
Titan company limited is a well known Indian jewelry store business. A Tata Enterprise, Titan now has its operation in watches, eyewear, perfumes, etc, but its jewelry division “Tanishq” is a well known and trusted brand of the country.
Stock Performance:
Titan has had a good run on its stock market returns in the past and this is complemented with sound growth in the jewelry segment. Now the company has the most number of retail stores in India, and the strategic focus areas of the company include innovation, design and customer satisfaction had helped the company to remain competitive. Titan has its stock considered relatively safe and dependable investment on the Jewelry Industry.
Key Highlights:
- While discussing strategic position Tanishq has come up with good brand equity.
- International market diversification
- Sustained increases in overall sales and, particularly, in gross and net profit margins
2. Kalyan Jewellers India Limited Company
Overview:
Kalyan Jewellers is also one of the prominent in Indian jewelry retailing segment that offers gold and diamond jewelry products. The company was started in 1993 and has been supplying products and operating stores in India, the Middle East, and the U.S.A.
Stock Performance:
It has been a relatively flat ride for Kalyan Jewellers since its IPO in March 2021 after floating on the stock exchange. Intensive growth is also characteristic of the company, including in the Middle East; its focus on the quality of equipment and the price segment has allowed it to maintain a leading position.
Key Highlights:
- A strong ground base of showrooms and 3s across India and in some selected overseas markets.
- Strong brand recognition
- Expansion particularly in the international market
3. PC Jeweller Limited
Overview:
PC Jeweller Limited is a leading jewelry company of Delhi specializing in gold and diamond ornaments. Currently, the company has both showroom services and an internet presence. As much as the company prides itself on having classy designs on its showroom, its wedding jewelry or wear for festivities has become the attraction.
Stock Performance:
In the previous years, PC Jeweller’s stock has given rather a lot of volatility due to issues of corporate governance and market shifts. However, much has been done to recover the stock market confidence in the company and the performance is slowly attaining stability.
Key Highlights:
- Wedge of specialty – Wedding and festive jewelry
- It has several household known retail outlets spread throughout the country.
- Heavy reliance on technology by means of the online store.
4. Tribhovandas Bhimji Zaveri Limited. Aka TBZ
Overview:
TBZ is one of the leading jewellery companies in India which was established in 1864. Currently the company stocks various classes of jewelry, particularly gold, diamond and precious stones and has established many outlets across the important metros of India.
Stock Performance:
TBZ’s stock has not demonstrated an explosive rise in the recent financial years. The company has been continuously striving to increase its retail store presence and redefine its digital transformations to reach new consumers. With a long history, and with recognizable brand identification, it firmly occupies its place among the companies of the jewelry industry.
Key Highlights:
- Over 150 years of heritage
- The paper concentrated on the traditional and modern reduction of jewelries.
- Growing online sales channel
5. Thangamayil Jewellery Limited
Overview:
A distributor jeweler for gold is Thangamayil Jewellery based in Tamil Nadu. Currently, the company is based in southern India and its target market is the middle-income earners. The company has ensured that Thangamayil produces good quality and reasonably priced products to establish credibility in the area.
Stock Performance:
The stock as required has been a good performer especially in its domestic market. One of the main strengths of Thangamayil is that it has been consistently operating with the best interest of providing quality gold jewelries at reasonable prices. The company is also growing its points of sale in the southern region of the country.
Key Highlights:
- Strong presence in Tamil Nadu
- Reasonable priced gold on jewelry lines
- Steady financial growth
6. Vaibhav Global Limited
Overview:
Vaibhav Global Limited is a company that operates in the jewelry sector in the sense that it is a marketer of fashion jewelry and lifestyle products for export. Through home shopping channels and selling e-stores, the company is selling its products in the international markets such as the U.S and the U.K. Vaibhav Global deals in value added products and its customers are spread all over the world.
Stock Performance:
Currently the board of directors of Vaibhav Global have been considerably insulated through the appreciation of their stock due to their robust international business. This paper has found that two reasons have contributed to the growth of the company: innovation and the capacity to appeal to the low-end market. It is also a useful stock since it operates an asset-light business and it has a global reach.
Key Highlights:
- Strong international presence
- Emphasize trends in low cost fashion jewelry
- Effective M-commerce, and T-commerce business model
7. Senco Gold Limited
Overview:
Senco Gold Limited is an eastern India focused jeweler, operating from Kolkata. Its product portfolio includes gold, diamond and platinum jewelries with delicate workmanship and it is indeed a leading company in this line. Senco Gold has been constantly increasing its store presence across India through both its brick-and-mortar stores as well as online store.
Stock Performance:
The performance of the stock of Senco Gold has been moderate while enjoying good brand capture in the eastern part of India. The company is also diversifying its online market, to which it has gained access to clients’ assistance. Because of its concentration on heritage styles as well as quality manufacturing, it has maintained a steady flow of patronage from Customers with special occasions such as weddings and festivals.
Key Highlights:
- Good market penetration in eastern part of India
- Increasing of online and offline platforms
- Credible workmanship and work that portrays pleasant imagery
8. Rajesh Exports Limited
Overview:
Rajesh Exports is the largest exporter of gold jewelry and one of the biggest players on the Indian market. “Unlike most gold producers, CPG is a fully integrated company that moves from the extraction of gold through to the refining and distribution of the metal.” Its major products as well are gold jewelry that it sells in the international markets such as the United States, the Middle East and Europe.
Stock Performance:
Thus, it verifies that Rajesh Exports has recorded constant fluctuations in its stock for the past years. Such a business model along with paramount export quantity offers the company a sound revenue platform. The factors that have made this kind of company to perform better have included efficiency in the control on costs as well as production of quality gold jewelry.
Key Highlights:
- This business model is called a vertically integrated business model.
- They have outlets in almost all parts of the world dealing in the manufacture of gold jewelry.
- Both the cost and the quality of services shall remain a priority.
9. Shree Ganesh Jewellery House (I) Ltd.
Overview:
Shree Ganesh Jewellery House is a Bengal based organization offering business management in jewellery and service provider in designing & manufacturing of gold and diamond jewellery. The firm mainly operates in the international market market and has significant operations in such countries as the U.S., the UK, as well as the UAE.
Stock Performance:
The stock of the Shree Ganesh Jewellery House has been very unpredictable mainly because of problems facing the world jewellery industry as well as instability in the gold market. However, dynamism in product portfolio and current globalization endeavors offer the company a growth opportunity in the future.
Key Highlights:
- Strong focus on exports
- Professionals in gold and diamond jewellery
- Going international
10. Gitanjali Gems Limited
Overview:
Gitanjali Gems Limited earlier was a jewelry company of India which offered gold, diamond and branded jewelry. Still, the company experienced some financial issues in the last couple of years which resulted in losing its dominant customers’ position.
Stock Performance:
Gitanjali Gems company stocks have been delisted from the stock exchange as there were some complaints against the company related to frauds in some money transactions and some other legal problems. Any investor should be careful when thinking about investing in the company or engaging on any capacity with it, they should think twice and do their research. Its once superior brand image has eroded and potentially a long time for Gitanjali Gems to regain its lost market image.
Key Highlights:
- Once upon a time it was one of the leading Jewelry brand of India
- Some of the problems include; financial and legal issues leading to poor stock performance
- It used to be popular for its choice of jewellery brands.
Conclusion
This means that investing in jewelry stocks in India can help investors to take advantage of India’s love ingrained deeply for both gold and diamonds. However, similar to any other areas, there is a need to conduct a comprehensive analysis and pursue awareness on the state of the general market and the performance of the specific firms who are in the business of catering for the power needs of individuals and companies. Titan Company Limited and Kalyan Jewellers can be considered the more stable and higher-growth ones; albeit Vaibhav Global and Rajesh Exports also provide the diversified geographical representation. As previous discussions showed, diversification and prudence remain the strategies to create a strong investment portfolio in jewellery.
All these changes indicate that SEBI is keen with the changes that are made to make the derivatives market healthier and self-sustainable where the retail investor protection is achieved as well as market manipulation. Some traders with trading strategies that don’t align with the market’s current trends will have to start changing their approach, though overall, they should be able to find quite a lot of success with the right approach.
FAQ'S
What are jewellery stocks ?
Jewellery stocks are actually stocks of companies involved in jewellery business. These companies manufacture, design, sell, and trade jewellery, including gold, silver, diamonds, and other precious items. Investing in jewellery stocks means owning a portion of these companies.
Why should I invest in jewellery stocks in India ?
India has a large and culturally significant market for jewellery, especially gold, due to festivals, weddings, and long-standing traditions. Investing in jewellery stocks in India can be a stable option since demand for jewellery often remains strong, particularly during festive seasons.
How can I use a jewellery stocks screener?
A jewellery stocks screener is a tool used to filter and identify jewellery-related stocks based on criteria like price, market capitalization, performance, and volume. You can use a screener by inputting your preferences (e.g., companies with high market cap, dividend-paying, etc.) to find suitable investment opportunities in the jewellery sector.
What factors should I consider before investing in jewellery stocks ?
Before investing in jewellery stocks, consider factors like:
- Gold and silver prices: Jewellery companies often deal with precious metals, so fluctuations in these prices can impact stock performance.
- Consumer demand: Monitor trends in consumer demand, especially during key periods like festivals and weddings in India.
- Company fundamentals: Check financial health, revenue growth, debt levels, and profitability of the company.
- Global trends: The global economy and fashion trends can also influence jewellery sales and stock performance.
Can I hold jewellery stocks for the long term?
Yes, many investors hold jewellery stocks for the long term, as they tend to perform well in growing economies like India. Long-term growth in consumer spending and cultural significance of jewellery contribute to steady demand, making jewellery stocks a potential long-term investment.