3 Largest Footwear Retailer, Large Jewellery Showroom Chain and Hard Luggage Maker Stocks With a Strong Future Roadmap: Bata India, Kalyan Jewellers India and Safari Industries (India)
- October 27, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Bata India, Kalyan Jewellers India and Safari Industries (India): ROE of 10.4% to 21.4% and FY22 to FY26 revenue CAGR of 10.1% to 34.9%. Prices as of 26 Oct 2026.
Quick Answer
The three footwear, jewellery and luggage brand stocks to watch are Bata India, Kalyan Jewellers India and Safari Industries (India). Their return on equity ranges from 10.4% to 21.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 34.9%. Kalyan Jewellers India leads on both return on equity at 21.4% and revenue growth at 34.9% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.
Footwear, jewellery and luggage brand stocks bring together companies with a visible plan for the years ahead. Bata India, Kalyan Jewellers India and Safari Industries (India) cover a largest footwear retailer, a large jewellery showroom chain and a hard luggage maker.
This list covers three footwear, jewellery and luggage brand stocks with complete current figures: Bata India, Kalyan Jewellers India and Safari Industries (India). Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.
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What Are Footwear, Jewellery and Luggage Brand Stocks?
Footwear, jewellery and luggage brand stocks are listed consumer companies that sell shoes, jewellery and travel bags through large store networks and online channels. Their earnings depend on festive demand, travel trends, store growth and brand strength.
Footwear, Jewellery and Luggage Brand Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Bata India | 624.35 | 8,187 | 56.0 | 37.0 | 10.4 | 0.87 |
| Kalyan Jewellers India | 504.8 | 52,898 | 36.9 | 44.3 | 21.4 | 0.97 |
| Safari Industries (India) | 1,228 | 6,495 | 39.4 | 36.4 | 15.1 | 0.10 |
On valuation, Kalyan Jewellers India trades at a P/E below the industry P/E, while Bata India and Safari Industries (India) trade above it, which reflects the growth the market already expects. Readers comparing footwear, jewellery and luggage brand stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in footwear, jewellery and luggage brand stocks can use the coming numbers to test whether growth is holding.
Why Do Footwear, Jewellery and Luggage Brand Stocks Have a Strong Roadmap in India?
Footwear, jewellery and luggage brand stocks have a strong roadmap in India because rising incomes, more travel and a shift toward organised retail keep lifting spending on branded purchases.
- Organised retail. Buyers move from local shops to trusted brands.
- Travel trends. More trips lift demand for branded luggage.
- Festive demand. Weddings and festivals lift jewellery sales.
Why Bata India Features Among These Footwear, Jewellery and Luggage Brand Stocks
Among the footwear, jewellery and luggage brand stocks on this list, Bata India is the country’s largest footwear retailer, selling under the Bata, Hush Puppies, Power and other brands through a large network of company-owned and franchised stores.
The company has a return on equity of 10.4%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,187 crore. The stock trades at a P/E of 56.0, above the industry P/E of 37.0.
Revenue rose from Rs 2,444 crore in FY22 to Rs 3,595 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 103 crore in FY22 to Rs 134 crore in FY26, which works out to a compound annual growth rate of 6.8%. In the June 2026 quarter, revenue grew 4.0% year on year to Rs 997 crore, while net profit rose 23.0% to Rs 64.0 crore.
Roadmap: The company is widening its range into sports, casual and premium footwear and adding stores in smaller towns. A trusted brand and deep retail reach support steady demand.
What to watch: Follow store additions, premium product mix and same-store sales.
Why Kalyan Jewellers India Features Among These Footwear, Jewellery and Luggage Brand Stocks
Among the shoe chain and gold showroom shares on this list, Kalyan Jewellers India is a large jewellery retailer with showrooms across India and the Middle East, selling gold, diamond and studded jewellery under the Kalyan and Candere brands.
Revenue rose from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew from Rs 224 crore in FY22 to Rs 1,350 crore in FY26, which works out to a compound annual growth rate of 56.7%.
In the June 2026 quarter, revenue grew 45.5% year on year to Rs 10,645 crore, while net profit rose 32.0% to Rs 349 crore. The company has a return on equity of 21.4%, a debt to equity ratio of 0.97 and a market capitalisation of Rs 52,898 crore. The stock trades at a P/E of 36.9, below the industry P/E of 44.3.
Roadmap: The company is opening showrooms in newer cities and growing its online jewellery arm. Strong brand recall and a franchise-led expansion model help it enter new regions at lower capital needs.
What to watch: Track same-store sales, new showroom additions and gold price movements.
Why Safari Industries (India) Features Among These Footwear, Jewellery and Luggage Brand Stocks
Among the three companies on this list, Safari Industries (India) makes hard luggage and soft luggage, including trolley bags and backpacks, and sells through retail stores, online channels and distributors.
In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore. Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%.
Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4.
Roadmap: Rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
What to watch: Follow travel demand trends and the pace of capacity ramp-up.
Bata India vs Kalyan Jewellers India vs Safari Industries (India) on Key Financials
The table below sets the three footwear, jewellery and luggage brand stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Bata India | 2,444 | 3,595 | 10.1% | 134 | 3.7% |
| Kalyan Jewellers India | 10,856 | 35,951 | 34.9% | 1,350 | 3.8% |
| Safari Industries (India) | 713 | 2,072 | 30.6% | 168 | 8.1% |
Kalyan Jewellers India posts the highest return on equity in this group at 21.4%. Kalyan Jewellers India combines the largest FY26 revenue at Rs 35,951 crore with the fastest revenue growth, a 34.9% compound annual rate. A useful habit with footwear, jewellery and luggage brand stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Bata India | 959 | 997 | 4.0% |
| Kalyan Jewellers India | 7,315 | 10,645 | 45.5% |
| Safari Industries (India) | 534 | 596 | 11.6% |
Key Risks to Check Before Investing in Footwear, Jewellery and Luggage Brand Stocks
Every theme carries risks that deserve a check before any decision. For these footwear, jewellery and luggage brand stocks, the main points are: Long-term shoe chain and gold showroom shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Competition. New brands and online sellers add pressure.
- Gold prices. Sharp moves in bullion can affect jewellery demand.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter footwear, jewellery and luggage brand stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Footwear, Jewellery and Luggage Brand Stocks
Footwear, jewellery and luggage brand stocks suit investors who prefer to study business strength before price moves. Bata India, Kalyan Jewellers India and Safari Industries (India) each have a clear plan to expand. Based on the 26 October 2026 close, Bata India trades at Rs 624.35, Kalyan Jewellers India at Rs 504.8 and Safari Industries (India) at Rs 1,228. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these footwear, jewellery and luggage brand stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are footwear, jewellery and luggage brand stocks?
Ans. Footwear, jewellery and luggage brand stocks are listed consumer companies that sell shoes, jewellery and travel bags through large store networks and online channels. Their earnings depend on festive demand, travel trends, store growth and brand strength. This list looks at three of them, Bata India, Kalyan Jewellers India and Safari Industries (India), using reported FY22 to FY26 financials and the 26 October 2026 closing prices.
Which footwear, jewellery and luggage brand stocks are covered in this list?
Ans. This list covers Bata India, Kalyan Jewellers India and Safari Industries (India). Based on the 26 October 2026 close, Bata India traded at Rs 624.35, Kalyan Jewellers India at Rs 504.8 and Safari Industries (India) at Rs 1,228. Their return on equity ranges from 10.4% to 21.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 34.9%.
Why do footwear, jewellery and luggage brand stocks have a strong future roadmap in India?
Ans. Footwear, jewellery and luggage brand stocks have a strong roadmap in India because rising incomes, more travel and a shift toward organised retail keep lifting spending on branded purchases. The main drivers are as follows. Organised retail. Buyers move from local shops to trusted brands. Travel trends. More trips lift demand for branded luggage. Festive demand. Weddings and festivals lift jewellery sales. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Bata India performed financially?
Ans. Revenue rose from Rs 2,444 crore in FY22 to Rs 3,595 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 103 crore in FY22 to Rs 134 crore in FY26, which works out to a compound annual growth rate of 6.8%. In the June 2026 quarter, revenue grew 4.0% year on year to Rs 997 crore, while net profit rose 23.0% to Rs 64.0 crore. The company has a return on equity of 10.4%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,187 crore. The stock trades at a P/E of 56.0, above the industry P/E of 37.0. Looking ahead, the company is widening its range into sports, casual and premium footwear and adding stores in smaller towns. A trusted brand and deep retail reach support steady demand.
How has Kalyan Jewellers India performed financially?
Ans. Revenue rose from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew from Rs 224 crore in FY22 to Rs 1,350 crore in FY26, which works out to a compound annual growth rate of 56.7%. In the June 2026 quarter, revenue grew 45.5% year on year to Rs 10,645 crore, while net profit rose 32.0% to Rs 349 crore. The company has a return on equity of 21.4%, a debt to equity ratio of 0.97 and a market capitalisation of Rs 52,898 crore. The stock trades at a P/E of 36.9, below the industry P/E of 44.3. Looking ahead, the company is opening showrooms in newer cities and growing its online jewellery arm. Strong brand recall and a franchise-led expansion model help it enter new regions at lower capital needs.
How has Safari Industries (India) performed financially?
Ans. Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%. Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4. Looking ahead, rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
What risks should investors check before buying footwear, jewellery and luggage brand stocks?
Ans. Investors should check a few risks before buying footwear, jewellery and luggage brand stocks. Competition. New brands and online sellers add pressure. Gold prices. Sharp moves in bullion can affect jewellery demand. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of footwear, jewellery and luggage brand stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 26 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.