3 Footwear Retail Leader, Fashion and Lifestyle Retailer and Regional Jewellery Chain Stocks With a Strong Future Roadmap: Bata India, Trent and PN Gadgil Jewellers
- October 28, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Bata India, Trent and PN Gadgil Jewellers: ROE of 10.4% to 24.6% and FY22 to FY26 revenue CAGR of 10.1% to 44.2%. Prices as of 27 Oct 2026.
Quick Answer
The three footwear, fashion and jewellery retail stocks to watch are Bata India, Trent and PN Gadgil Jewellers. Their return on equity ranges from 10.4% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 44.2%. Trent leads on both return on equity at 24.6% and revenue growth at 44.2% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Footwear, fashion and jewellery retail stocks bring together companies with a visible plan for the years ahead. Bata India, Trent and PN Gadgil Jewellers cover a footwear retail leader, a fashion and lifestyle retailer and a regional jewellery chain.
This list covers three footwear, fashion and jewellery retail stocks with complete current figures: Bata India, Trent and PN Gadgil Jewellers. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Footwear, Fashion and Jewellery Retail Stocks?
Footwear, fashion and jewellery retail stocks are listed retailers that sell footwear, fashion and lifestyle products and jewellery through large store networks. Their earnings depend on consumer spending, festive demand, store additions and product mix.
Footwear, Fashion and Jewellery Retail Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Bata India | 662.4 | 8,187 | 56.0 | 37.0 | 10.4 | 0.87 |
| Trent | 2,820.6 | 153,891 | 84.8 | 63.4 | 24.6 | 0.37 |
| PN Gadgil Jewellers | 573.05 | 8,435 | 18.9 | 44.2 | 20.9 | 0.89 |
On valuation, PN Gadgil Jewellers trades at a P/E below the industry P/E, while Bata India and Trent trade above it, which reflects the growth the market already expects. Readers comparing footwear, fashion and jewellery retail stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Footwear, Fashion and Jewellery Retail Stocks Have a Strong Roadmap in India?
Footwear, fashion and jewellery retail stocks have a strong roadmap in India because a shift toward branded products, rising incomes and fast store expansion keep widening the market for Indian retailers.
- Branded shift. Buyers prefer trusted brands.
- Rising incomes. Households spend more on lifestyle products.
- Store growth. New outlets widen reach.
Why Bata India Features Among These Footwear, Fashion and Jewellery Retail Stocks
Among the footwear, fashion and jewellery retail 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 Trent Features Among These Footwear, Fashion and Jewellery Retail Stocks
Among the footwear and fashion store chain shares on this list, Trent is a Tata Group retailer that runs fashion and lifestyle stores under Westside and Zudio and a food and grocery business under Star.
Revenue rose from Rs 4,673 crore in FY22 to Rs 20,189 crore in FY26, a compound annual growth rate of 44.2%. Net profit grew from Rs 394 crore in FY23 to Rs 1,721 crore in FY26, which works out to a compound annual growth rate of 63.5%.
In the June 2026 quarter, revenue grew 17.5% year on year to Rs 5,785 crore, while net profit rose 22.0% to Rs 518 crore. The company has a return on equity of 24.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 153,891 crore. The stock trades at a P/E of 84.8, above the industry P/E of 63.4.
Roadmap: The company keeps adding stores in new cities and towns, and its value fashion format reaches a wide customer base. Own-brand products and a tight supply chain support the growth of each format.
What to watch: Check store additions and sales per square foot across its formats.
Why PN Gadgil Jewellers Features Among These Footwear, Fashion and Jewellery Retail Stocks
Among the three companies on this list, PN Gadgil Jewellers is a Pune-based jewellery retailer with a long history in Maharashtra, selling gold, silver, diamond and platinum jewellery through its own stores and online.
In the June 2026 quarter, revenue grew 40.3% year on year to Rs 2,423 crore, while net profit rose 51.9% to Rs 105 crore. Revenue rose from Rs 2,586 crore in FY22 to Rs 10,827 crore in FY26, a compound annual growth rate of 43.0%.
Net profit grew from Rs 69.5 crore in FY22 to Rs 410 crore in FY26, which works out to a compound annual growth rate of 55.8%. The company has a return on equity of 20.9%, a debt to equity ratio of 0.89 and a market capitalisation of Rs 8,435 crore. The stock trades at a P/E of 18.9, below the industry P/E of 44.2.
Roadmap: The company is opening new stores across Maharashtra and neighbouring states and is widening its range of gold and silver jewellery. A strong regional brand helps it win repeat customers.
What to watch: Monitor store additions, gold price movements and festive season demand.
Bata India vs Trent vs PN Gadgil Jewellers on Key Financials
The table below sets the three footwear, fashion and jewellery retail 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% |
| Trent | 4,673 | 20,189 | 44.2% | 1,721 | 8.5% |
| PN Gadgil Jewellers | 2,586 | 10,827 | 43.0% | 410 | 3.8% |
Trent posts the highest return on equity in this group at 24.6%. Trent combines the largest FY26 revenue at Rs 20,189 crore with the fastest revenue growth, a 44.2% compound annual rate. A useful habit with footwear, fashion and jewellery retail 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% |
| Trent | 4,924 | 5,785 | 17.5% |
| PN Gadgil Jewellers | 1,727 | 2,423 | 40.3% |
Key Risks to Check Before Investing in Footwear, Fashion and Jewellery Retail Stocks
Every theme carries risks that deserve a check before any decision. For these footwear, fashion and jewellery retail stocks, the main points are: Long-term footwear and fashion store chain shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Demand cycles. Sales can vary with seasons and rates.
- Fashion trends. Product choices can shift with tastes.
- 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, fashion and jewellery retail stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Footwear, Fashion and Jewellery Retail Stocks
Footwear, fashion and jewellery retail stocks suit investors who prefer to study business strength before price moves. Bata India, Trent and PN Gadgil Jewellers each have a clear plan to grow. Based on the 27 October 2026 close, Bata India trades at Rs 662.4, Trent at Rs 2,820.6 and PN Gadgil Jewellers at Rs 573.05. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these footwear, fashion and jewellery retail stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track footwear, fashion and jewellery retail stocks, set price alerts and get research-backed stock ideas.
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, fashion and jewellery retail stocks?
Ans. Footwear, fashion and jewellery retail stocks are listed retailers that sell footwear, fashion and lifestyle products and jewellery through large store networks. Their earnings depend on consumer spending, festive demand, store additions and product mix. This list looks at three of them, Bata India, Trent and PN Gadgil Jewellers, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which footwear, fashion and jewellery retail stocks are covered in this list?
Ans. This list covers Bata India, Trent and PN Gadgil Jewellers. Based on the 27 October 2026 close, Bata India traded at Rs 662.4, Trent at Rs 2,820.6 and PN Gadgil Jewellers at Rs 573.05. Their return on equity ranges from 10.4% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 44.2%.
Why do footwear, fashion and jewellery retail stocks have a strong future roadmap in India?
Ans. Footwear, fashion and jewellery retail stocks have a strong roadmap in India because a shift toward branded products, rising incomes and fast store expansion keep widening the market for Indian retailers. The main drivers are as follows. Branded shift. Buyers prefer trusted brands. Rising incomes. Households spend more on lifestyle products. Store growth. New outlets widen reach. 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 Trent performed financially?
Ans. Revenue rose from Rs 4,673 crore in FY22 to Rs 20,189 crore in FY26, a compound annual growth rate of 44.2%. Net profit grew from Rs 394 crore in FY23 to Rs 1,721 crore in FY26, which works out to a compound annual growth rate of 63.5%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 5,785 crore, while net profit rose 22.0% to Rs 518 crore. The company has a return on equity of 24.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 153,891 crore. The stock trades at a P/E of 84.8, above the industry P/E of 63.4. Looking ahead, the company keeps adding stores in new cities and towns, and its value fashion format reaches a wide customer base. Own-brand products and a tight supply chain support the growth of each format.
How has PN Gadgil Jewellers performed financially?
Ans. Revenue rose from Rs 2,586 crore in FY22 to Rs 10,827 crore in FY26, a compound annual growth rate of 43.0%. Net profit grew from Rs 69.5 crore in FY22 to Rs 410 crore in FY26, which works out to a compound annual growth rate of 55.8%. In the June 2026 quarter, revenue grew 40.3% year on year to Rs 2,423 crore, while net profit rose 51.9% to Rs 105 crore. The company has a return on equity of 20.9%, a debt to equity ratio of 0.89 and a market capitalisation of Rs 8,435 crore. The stock trades at a P/E of 18.9, below the industry P/E of 44.2. Looking ahead, the company is opening new stores across Maharashtra and neighbouring states and is widening its range of gold and silver jewellery. A strong regional brand helps it win repeat customers.
What risks should investors check before buying footwear, fashion and jewellery retail stocks?
Ans. Investors should check a few risks before buying footwear, fashion and jewellery retail stocks. Demand cycles. Sales can vary with seasons and rates. Fashion trends. Product choices can shift with tastes. 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, fashion and jewellery retail stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 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.
