Titan’s smaller rivals match its growth-at 41%-85% P/E discounts

Three regional jewellery retail chains have grown same-store-sales between 19% to 25% y-o-y in the September 2025 quarter, and broadly matching the growth of industry leader, Titan Company. Regional jewellery chains have strong in-depth understanding of local consumers and have introduced region-specific designs coupled with exchange offers to drive growth. However, regional jewellery chains trade at a discount of 41% to 85% to Titan Company.
And this has been reflected with three regional jewellery chains, which have broadly equaled or even grown faster than the market leader, Titan Company, in terms of same-store-sales growth (view table below). Gold prices averaged Rs 1.5 lakh per 10 g... [5671 chars]
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- Business
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- The Financial Express
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- Monday, 12 October 2026, 5:30 am IST
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