Titan vs Kalyan Jewellers: Which jewellery stock is a better bet?

With purchases soaring during the festive seasons, jewellery stocks are the ones to look out for this Diwali to add the glitter to your investment portfolio

Investors remain positive banking on the September quarterly results of jewellery giants Titan Company and Kalyan Jewellers

Footage: Kalyan Jewellers

Kalyan Jewellers stock has seen a hike of almost 78% from the lows in May ’22. Their India operations recorded revenue growth of 14% in the September quarter

Footage: Tanishq

The jewellery division of Titan Company, which includes brands like Tanishq, witnessed an 18% YoY growth in the Sept quarter while the stock soared by over 44% since its July '22 low

“Titan is the larger one with a Rs 2.3 lakh crore market cap compared to only Rs 10,000 crore of Kalyan Jewellers...

...but still Kalyan Jewellers trades at a much lower valuation multiple than Titan,” said Sonam Srivastava, Founder at Wright Research

Anuj Jain, Co-Founder at Green Portfolio, is betting on Titan as he expects it to perform better in future owing to the rising level of income in India and more people preferring bigger brands

Brokerage firm Motilal Oswal has a target of Rs 2,970 on Titan, signalling an upside of over 13%

HSBC initiated coverage on Kalyan Jewellers on October 3 with a 'buy' rating and a target of Rs 125

Footage: Kalyan Jewellers


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