{"id":326966,"date":"2026-10-26T16:38:36","date_gmt":"2026-10-26T11:08:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326966"},"modified":"2026-10-26T16:38:36","modified_gmt":"2026-10-26T11:08:36","slug":"gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/","title":{"rendered":"3 Gold Jewellery Retailer, Premium Footwear Chain and Luggage Brand Leader Stocks With a Strong Future Roadmap: Senco Gold, Metro Brands and Safari Industries (India)"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Senco Gold, Metro Brands and Safari Industries (India): ROE of 15.1% to 22.9% and FY22 to FY26 revenue CAGR of 20.6% to 30.6%. Prices as of 23 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three gold jewellery, shoe and luggage retail stocks to watch are Senco Gold, Metro Brands and Safari Industries (India). Their return on equity ranges from 15.1% to 22.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.6% to 30.6%. Senco Gold has the highest return on equity at 22.9%, while Safari Industries (India) has the fastest revenue growth at 30.6% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Gold jewellery, shoe and luggage retail stocks let investors follow companies that serve a growing part of the Indian economy. Senco Gold, Metro Brands and Safari Industries (India) cover a gold jewellery retailer, a premium footwear chain and a luggage brand leader.<\/p>\n<p>This list covers three gold jewellery, shoe and luggage retail stocks with complete current figures: Senco Gold, Metro Brands and Safari Industries (India). Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#What_Are_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\" title=\"What Are Gold Jewellery, Shoe and Luggage Retail Stocks?\">What Are Gold Jewellery, Shoe and Luggage Retail Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks_at_a_Glance\" title=\"Gold Jewellery, Shoe and Luggage Retail Stocks at a Glance\">Gold Jewellery, Shoe and Luggage Retail Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Why_Do_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Gold Jewellery, Shoe and Luggage Retail Stocks Have a Strong Roadmap in India?\">Why Do Gold Jewellery, Shoe and Luggage Retail Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Why_Senco_Gold_Features_Among_These_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\" title=\"Why Senco Gold Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks\">Why Senco Gold Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Why_Metro_Brands_Features_Among_These_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\" title=\"Why Metro Brands Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks\">Why Metro Brands Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Why_Safari_Industries_India_Features_Among_These_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\" title=\"Why Safari Industries (India) Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks\">Why Safari Industries (India) Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Senco_Gold_vs_Metro_Brands_vs_Safari_Industries_India_on_Key_Financials\" title=\"Senco Gold vs Metro Brands vs Safari Industries (India) on Key Financials\">Senco Gold vs Metro Brands vs Safari Industries (India) on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Key_Risks_to_Check_Before_Investing_in_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\" title=\"Key Risks to Check Before Investing in Gold Jewellery, Shoe and Luggage Retail Stocks\">Key Risks to Check Before Investing in Gold Jewellery, Shoe and Luggage Retail Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Final_Thoughts_on_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\" title=\"Final Thoughts on Gold Jewellery, Shoe and Luggage Retail Stocks\">Final Thoughts on Gold Jewellery, Shoe and Luggage Retail Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#What_are_gold_jewellery_shoe_and_luggage_retail_stocks\" title=\"What are gold jewellery, shoe and luggage retail stocks?\">What are gold jewellery, shoe and luggage retail stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Which_gold_jewellery_shoe_and_luggage_retail_stocks_are_covered_in_this_list\" title=\"Which gold jewellery, shoe and luggage retail stocks are covered in this list?\">Which gold jewellery, shoe and luggage retail stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Why_do_gold_jewellery_shoe_and_luggage_retail_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do gold jewellery, shoe and luggage retail stocks have a strong future roadmap in India?\">Why do gold jewellery, shoe and luggage retail stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#How_has_Senco_Gold_performed_financially\" title=\"How has Senco Gold performed financially?\">How has Senco Gold performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#How_has_Metro_Brands_performed_financially\" title=\"How has Metro Brands performed financially?\">How has Metro Brands performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#How_has_Safari_Industries_India_performed_financially\" title=\"How has Safari Industries (India) performed financially?\">How has Safari Industries (India) performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#What_risks_should_investors_check_before_buying_gold_jewellery_shoe_and_luggage_retail_stocks\" title=\"What risks should investors check before buying gold jewellery, shoe and luggage retail stocks?\">What risks should investors check before buying gold jewellery, shoe and luggage retail stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks-roadmap-horizon-list\/#Is_this_list_of_gold_jewellery_shoe_and_luggage_retail_stocks_investment_advice\" title=\"Is this list of gold jewellery, shoe and luggage retail stocks investment advice?\">Is this list of gold jewellery, shoe and luggage retail stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\"><\/span><strong>What Are Gold Jewellery, Shoe and Luggage Retail Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gold jewellery, shoe and luggage retail stocks are listed consumer companies that sell jewellery, shoes and travel bags through large retail and distribution networks. Their earnings depend on festive demand, travel trends, store expansion and input costs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks_at_a_Glance\"><\/span><strong>Gold Jewellery, Shoe and Luggage Retail Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/senco\/senco-gold-ltd-share-price-today\">Senco Gold<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">309.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,063<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/metrobrand\/metro-brands-ltd-share-price-today\">Metro Brands<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">819.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23,316<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">55.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">37.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.76<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/safari\/safari-industries-(india)-ltd-share-price-today\">Safari Industries (India)<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,225.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,495<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">39.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Senco Gold trades at a P\/E below the industry P\/E, while Metro Brands and Safari Industries (India) trade above it, which reflects the growth the market already expects. Readers comparing gold jewellery, shoe and luggage retail stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Gold Jewellery, Shoe and Luggage Retail Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gold jewellery, shoe and luggage retail stocks have a strong roadmap in India because rising incomes, wedding demand and growing travel keep lifting spending on branded purchases.<\/p>\n<ul>\n<li><strong>Festive demand.<\/strong> Weddings and festivals lift jewellery sales.<\/li>\n<li><strong>Store growth.<\/strong> New outlets bring brands to more cities.<\/li>\n<li><strong>Travel trends.<\/strong> More trips raise luggage demand.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Senco_Gold_Features_Among_These_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\"><\/span><strong>Why Senco Gold Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the gold jewellery, shoe and luggage retail stocks on this list, Senco Gold &#038; Diamonds is a Kolkata-based jewellery retailer with a large network of owned and franchise showrooms, selling gold, diamond and silver jewellery across many states.<\/p>\n<p>The company has a return on equity of 22.9%, a debt to equity ratio of 1.07 and a market capitalisation of Rs 5,063 crore. The stock trades at a P\/E of 8.9, below the industry P\/E of 44.3.<\/p>\n<p>Revenue rose from Rs 3,547 crore in FY22 to Rs 8,510 crore in FY26, a compound annual growth rate of 24.5%. Net profit grew from Rs 129 crore in FY22 to Rs 574 crore in FY26, which works out to a compound annual growth rate of 45.2%.<\/p>\n<p><strong>Roadmap:<\/strong> The company is expanding in southern and western India and growing its studded and lightweight jewellery ranges. Its long heritage in eastern India gives it a loyal customer base.<\/p>\n<p><strong>What to watch:<\/strong> Track showroom additions, studded jewellery share and gold price trends.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Metro_Brands_Features_Among_These_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\"><\/span><strong>Why Metro Brands Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the eastern jewellery chain shares on this list, Metro Brands is a Mumbai-based footwear retailer operating the Metro, Mochi, Walkway and Crocs outlets, and also selling through online channels and select partner brands.<\/p>\n<p>Revenue rose from Rs 1,402 crore in FY22 to Rs 2,968 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 213 crore in FY22 to Rs 416 crore in FY26, which works out to a compound annual growth rate of 18.2%.<\/p>\n<p>The company has a return on equity of 19.8%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 23,316 crore. The stock trades at a P\/E of 55.4, above the industry P\/E of 37.0.<\/p>\n<p><strong>Roadmap:<\/strong> The company is opening new stores across cities and adding premium and international brands to its range. An omni-channel presence helps it reach a wider set of shoppers.<\/p>\n<p><strong>What to watch:<\/strong> Track store openings, premium brand share and online sales.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Safari_Industries_India_Features_Among_These_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\"><\/span><strong>Why Safari Industries (India) Features Among These Gold Jewellery, Shoe and Luggage Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p>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%.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> Rising travel, a shift to branded luggage and capacity additions support its sales. The company&#8217;s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.<\/p>\n<p><strong>What to watch:<\/strong> Follow travel demand trends and the pace of capacity ramp-up.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Senco_Gold_vs_Metro_Brands_vs_Safari_Industries_India_on_Key_Financials\"><\/span><strong>Senco Gold vs Metro Brands vs Safari Industries (India) on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three gold jewellery, shoe and luggage retail stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Senco Gold<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,547<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8,510<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">574<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Metro Brands<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,402<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,968<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">416<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Safari Industries (India)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">713<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,072<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">168<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Senco Gold posts the highest return on equity in this group at 22.9%. Senco Gold has the largest FY26 revenue at Rs 8,510 crore, and Safari Industries (India) shows the fastest revenue growth with a 30.6% compound annual rate. A useful habit with gold jewellery, shoe and luggage retail stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Gold Jewellery, Shoe and Luggage Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these gold jewellery, shoe and luggage retail stocks, the main points are:<\/p>\n<ul>\n<li><strong>Gold prices.<\/strong> Sharp moves in bullion can affect jewellery demand.<\/li>\n<li><strong>Competition.<\/strong> New brands and online sellers add pressure.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter gold jewellery, shoe and luggage retail stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Gold_Jewellery_Shoe_and_Luggage_Retail_Stocks\"><\/span><strong>Final Thoughts on Gold Jewellery, Shoe and Luggage Retail Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gold jewellery, shoe and luggage retail stocks reward investors who follow demand trends, order books and margins together. Senco Gold, Metro Brands and Safari Industries (India) each have a clear plan to expand. Based on the 23 October 2026 close, Senco Gold trades at Rs 309.3, Metro Brands at Rs 819.3 and Safari Industries (India) at Rs 1,225.8.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track gold jewellery, shoe and luggage retail stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_gold_jewellery_shoe_and_luggage_retail_stocks\"><\/span><strong>What are gold jewellery, shoe and luggage retail stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gold jewellery, shoe and luggage retail stocks are listed consumer companies that sell jewellery, shoes and travel bags through large retail and distribution networks. Their earnings depend on festive demand, travel trends, store expansion and input costs. This list looks at three of them, Senco Gold, Metro Brands and Safari Industries (India), using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_gold_jewellery_shoe_and_luggage_retail_stocks_are_covered_in_this_list\"><\/span><strong>Which gold jewellery, shoe and luggage retail stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Senco Gold, Metro Brands and Safari Industries (India). Based on the 23 October 2026 close, Senco Gold traded at Rs 309.3, Metro Brands at Rs 819.3 and Safari Industries (India) at Rs 1,225.8. Their return on equity ranges from 15.1% to 22.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.6% to 30.6%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_gold_jewellery_shoe_and_luggage_retail_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do gold jewellery, shoe and luggage retail stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Gold jewellery, shoe and luggage retail stocks have a strong roadmap in India because rising incomes, wedding demand and growing travel keep lifting spending on branded purchases. The main drivers are as follows. Festive demand. Weddings and festivals lift jewellery sales. Store growth. New outlets bring brands to more cities. Travel trends. More trips raise luggage demand. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Senco_Gold_performed_financially\"><\/span><strong>How has Senco Gold performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 3,547 crore in FY22 to Rs 8,510 crore in FY26, a compound annual growth rate of 24.5%. Net profit grew from Rs 129 crore in FY22 to Rs 574 crore in FY26, which works out to a compound annual growth rate of 45.2%. The company has a return on equity of 22.9%, a debt to equity ratio of 1.07 and a market capitalisation of Rs 5,063 crore. The stock trades at a P\/E of 8.9, below the industry P\/E of 44.3. Looking ahead, the company is expanding in southern and western India and growing its studded and lightweight jewellery ranges. Its long heritage in eastern India gives it a loyal customer base.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Metro_Brands_performed_financially\"><\/span><strong>How has Metro Brands performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,402 crore in FY22 to Rs 2,968 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 213 crore in FY22 to Rs 416 crore in FY26, which works out to a compound annual growth rate of 18.2%. The company has a return on equity of 19.8%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 23,316 crore. The stock trades at a P\/E of 55.4, above the industry P\/E of 37.0. Looking ahead, the company is opening new stores across cities and adding premium and international brands to its range. An omni-channel presence helps it reach a wider set of shoppers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Safari_Industries_India_performed_financially\"><\/span><strong>How has Safari Industries (India) performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_gold_jewellery_shoe_and_luggage_retail_stocks\"><\/span><strong>What risks should investors check before buying gold jewellery, shoe and luggage retail stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying gold jewellery, shoe and luggage retail stocks. Gold prices. Sharp moves in bullion can affect jewellery demand. Competition. New brands and online sellers add pressure. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_gold_jewellery_shoe_and_luggage_retail_stocks_investment_advice\"><\/span><strong>Is this list of gold jewellery, shoe and luggage retail stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 23 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are gold jewellery, shoe and luggage retail stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Gold jewellery, shoe and luggage retail stocks are listed consumer companies that sell jewellery, shoes and travel bags through large retail and distribution networks. Their earnings depend on festive demand, travel trends, store expansion and input costs. This list looks at three of them, Senco Gold, Metro Brands and Safari Industries (India), using reported FY22 to FY26 financials and the 23 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which gold jewellery, shoe and luggage retail stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Senco Gold, Metro Brands and Safari Industries (India). Based on the 23 October 2026 close, Senco Gold traded at Rs 309.3, Metro Brands at Rs 819.3 and Safari Industries (India) at Rs 1,225.8. Their return on equity ranges from 15.1% to 22.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.6% to 30.6%.\"}},{\"@type\":\"Question\",\"name\":\"Why do gold jewellery, shoe and luggage retail stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Gold jewellery, shoe and luggage retail stocks have a strong roadmap in India because rising incomes, wedding demand and growing travel keep lifting spending on branded purchases. The main drivers are as follows. Festive demand. Weddings and festivals lift jewellery sales. Store growth. New outlets bring brands to more cities. Travel trends. More trips raise luggage demand. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Senco Gold performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 3,547 crore in FY22 to Rs 8,510 crore in FY26, a compound annual growth rate of 24.5%. Net profit grew from Rs 129 crore in FY22 to Rs 574 crore in FY26, which works out to a compound annual growth rate of 45.2%. The company has a return on equity of 22.9%, a debt to equity ratio of 1.07 and a market capitalisation of Rs 5,063 crore. The stock trades at a P\/E of 8.9, below the industry P\/E of 44.3. Looking ahead, the company is expanding in southern and western India and growing its studded and lightweight jewellery ranges. Its long heritage in eastern India gives it a loyal customer base.\"}},{\"@type\":\"Question\",\"name\":\"How has Metro Brands performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,402 crore in FY22 to Rs 2,968 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 213 crore in FY22 to Rs 416 crore in FY26, which works out to a compound annual growth rate of 18.2%. The company has a return on equity of 19.8%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 23,316 crore. The stock trades at a P\/E of 55.4, above the industry P\/E of 37.0. Looking ahead, the company is opening new stores across cities and adding premium and international brands to its range. An omni-channel presence helps it reach a wider set of shoppers.\"}},{\"@type\":\"Question\",\"name\":\"How has Safari Industries (India) performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying gold jewellery, shoe and luggage retail stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying gold jewellery, shoe and luggage retail stocks. Gold prices. Sharp moves in bullion can affect jewellery demand. Competition. New brands and online sellers add pressure. 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.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of gold jewellery, shoe and luggage retail stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 23 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold Jewellery, Shoe and Luggage Retail Stocks with a strong future roadmap: Senco Gold, Metro Brands and Safari Industries (India). Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":29,"featured_media":326965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,16120,16118,7225,9499,7182,16119,16121],"class_list":["post-326966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-eastern-jewellery-chain-shares","tag-gold-jewellery","tag-metro-brands","tag-safari-industries-india","tag-senco-gold","tag-shoe-and-luggage-retail-stocks","tag-shoe-store-and-trolley-bag-brand-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326965"],"rank_math_title":["Gold Jewellery, Footwear and Luggage Retail Stocks"],"rank_math_description":["Compare 3 gold jewellery, shoe and luggage retail stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. Data as of 23 Oct 2026."],"rank_math_focus_keyword":["gold jewellery, shoe and luggage retail stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-gold-jewellery-retailer-premium-footwear-chain-and-luggage-brand-leader-stocks.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=326966"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326966\/revisions"}],"predecessor-version":[{"id":326967,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/326966\/revisions\/326967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/326965"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=326966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=326966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=326966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}