3 Air Conditioning and Cooling Company, Branded Apparel Retailer and Gold and Diamond Jewellery Manufacturer Stocks With a Strong Future Roadmap: Blue Star, Arvind Fashions and Sky Gold and Diamonds

Blue Star, Arvind Fashions and Sky Gold and Diamonds: ROE of 13.0% to 23.0% and FY22 to FY26 revenue CAGR of 14.2% to 67.9%. Prices as of 30 Oct 2026.

Updated: 2 Nov 2026 • 3:04 pm

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3 Air Conditioning and Cooling Company, Branded Apparel Retailer and Gold and Diamond Jewellery Manufacturer Stocks With a Strong Future Roadmap: Blue Star, Arvind Fashions and Sky Gold and Diamonds

Quick Answer

The three cooling, apparel brand and jewellery stocks to watch are Blue Star, Arvind Fashions and Sky Gold and Diamonds. Their return on equity ranges from 13.0% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 67.9%. Sky Gold and Diamonds leads on both return on equity at 23.0% and revenue growth at 67.9% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.

Cooling, apparel brand and jewellery stocks give investors a way to track businesses that sit close to everyday demand in India. Blue Star, Arvind Fashions and Sky Gold and Diamonds cover an air conditioning and cooling company, a branded apparel retailer and a gold and diamond jewellery manufacturer.

This list covers three cooling, apparel brand and jewellery stocks with complete current figures: Blue Star, Arvind Fashions and Sky Gold and Diamonds. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Cooling, Apparel Brand and Jewellery Stocks?

Cooling, apparel brand and jewellery stocks are listed companies that sell room air conditioners and commercial cooling products, sell branded clothing through stores and online, and make gold and diamond jewellery for leading retailers. Their earnings depend on summer demand, consumer mood and festive buying.

Cooling, Apparel Brand and Jewellery Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Blue Star	1,627.9	32,243	63.3	43.1	15.4	0.24
Arvind Fashions	349.7	4,847	26.0	49.5	13.0	1.42
Sky Gold and Diamonds	883.2	14,483	35.7	44.2	23.0	0.73

On valuation, Arvind Fashions and Sky Gold and Diamonds trade at a P/E below the industry P/E, while Blue Star trades above it, which reflects the growth the market already expects. Readers comparing cooling, apparel brand and jewellery stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Cooling, Apparel Brand and Jewellery Stocks Have a Strong Roadmap in India?

Cooling, apparel brand and jewellery stocks have a strong roadmap in India because wider use of cooling, a shift toward branded fashion and steady festive demand keep widening the market for these consumer facing companies.

Cooling demand. Warmer summers lift air conditioner sales.
Brand shift. Shoppers move toward branded clothing.
Jewellery supply. Retailers order from large makers.

Why Blue Star Features Among These Cooling, Apparel Brand and Jewellery Stocks

Among the cooling, apparel brand and jewellery stocks on this list, Blue Star is an air conditioning and commercial refrigeration company that sells room air conditioners, cooling products and electro-mechanical projects across India.

In the June 2026 quarter, revenue grew 13.4% year on year to Rs 3,399 crore. Revenue rose from Rs 6,100 crore in FY22 to Rs 12,464 crore in FY26, a compound annual growth rate of 19.6%.

Net profit grew from Rs 168 crore in FY22 to Rs 527 crore in FY26, which works out to a compound annual growth rate of 33.1%. The company has a return on equity of 15.4%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 32,243 crore. The stock trades at a P/E of 63.3, above the industry P/E of 43.1.

Roadmap: The company benefits from rising air conditioner penetration, growth in commercial buildings and expansion of cold chain. A wide service network and trusted brand support market share.

What to watch: Track room air conditioner volumes, commercial cooling orders and project execution.

Why Arvind Fashions Features Among These Cooling, Apparel Brand and Jewellery Stocks

Among the summer and festive shopping shares on this list, Arvind Fashions is a branded apparel and retail company that sells brands such as U.S. Polo Assn., Arrow, Flying Machine and Tommy Hilfiger through stores, department stores and online channels.

The company has a return on equity of 13.0%, a debt to equity ratio of 1.42 and a market capitalisation of Rs 4,847 crore. The stock trades at a P/E of 26.0, below the industry P/E of 49.5.

Revenue rose from Rs 3,123 crore in FY22 to Rs 5,307 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 109 crore in FY23 to Rs 185 crore in FY26, which works out to a compound annual growth rate of 19.2%. In the June 2026 quarter, revenue grew 14.6% year on year to Rs 1,286 crore, while net profit rose 11.1% to Rs 27.6 crore.

Roadmap: The company is expanding its exclusive brand stores and growing its online sales while adding new brands, which supports revenue growth. Strong licensed brands with loyal customers help repeat demand.

What to watch: Follow same-store sales, store additions and online growth.

Why Sky Gold and Diamonds Features Among These Cooling, Apparel Brand and Jewellery Stocks

Among the three companies on this list, Sky Gold and Diamonds is a Navi Mumbai-based manufacturer of gold and diamond jewellery that supplies leading jewellery retail chains and also serves export customers.

Revenue rose from Rs 796 crore in FY22 to Rs 6,331 crore in FY26, a compound annual growth rate of 67.9%. Net profit grew from Rs 133 crore in FY25 to Rs 282 crore in FY26, a rise of 112.4%.

The company has a return on equity of 23.0%, a debt to equity ratio of 0.73 and a market capitalisation of Rs 14,483 crore. The stock trades at a P/E of 35.7, below the industry P/E of 44.2.

Roadmap: The company is growing its supply to organised jewellery retailers as the market shifts toward branded jewellery. Wide design capability and large-scale manufacturing support repeat orders.

What to watch: Track retailer order flow, gold price movements and festive season demand.

Blue Star vs Arvind Fashions vs Sky Gold and Diamonds on Key Financials

The table below sets the three cooling, apparel brand and jewellery 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
Blue Star	6,100	12,464	19.6%	527	4.2%
Arvind Fashions	3,123	5,307	14.2%	185	3.5%
Sky Gold and Diamonds	796	6,331	67.9%	282	4.5%

Sky Gold and Diamonds posts the highest return on equity in this group at 23.0%. Blue Star has the largest FY26 revenue at Rs 12,464 crore, and Sky Gold and Diamonds shows the fastest revenue growth with a 67.9% compound annual rate. A useful habit with cooling, apparel brand and jewellery stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Cooling, Apparel Brand and Jewellery Stocks

Every theme carries risks that deserve a check before any decision. For these cooling, apparel brand and jewellery stocks, the main points are: Long-term summer and festive shopping shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

Consumer spending. Sales follow festivals, incomes and consumer mood.
Footfall and spending. Store sales follow consumer mood and seasons.
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 cooling, apparel brand and jewellery stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Cooling, Apparel Brand and Jewellery Stocks

Cooling, apparel brand and jewellery stocks work best when investors track growth, valuation and return on equity side by side. Blue Star, Arvind Fashions and Sky Gold and Diamonds each have a clear plan to grow. Based on the 30 October 2026 close, Blue Star trades at Rs 1,627.9, Arvind Fashions at Rs 349.7 and Sky Gold and Diamonds at Rs 883.2.

Download the Univest iOS App or Univest Android App to track cooling, apparel brand and jewellery 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 cooling, apparel brand and jewellery stocks?

Ans. Cooling, apparel brand and jewellery stocks are listed companies that sell room air conditioners and commercial cooling products, sell branded clothing through stores and online, and make gold and diamond jewellery for leading retailers. Their earnings depend on summer demand, consumer mood and festive buying. This list looks at three of them, Blue Star, Arvind Fashions and Sky Gold and Diamonds, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.

Which cooling, apparel brand and jewellery stocks are covered in this list?

Ans. This list covers Blue Star, Arvind Fashions and Sky Gold and Diamonds. Based on the 30 October 2026 close, Blue Star traded at Rs 1,627.9, Arvind Fashions at Rs 349.7 and Sky Gold and Diamonds at Rs 883.2. Their return on equity ranges from 13.0% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 67.9%.

Why do cooling, apparel brand and jewellery stocks have a strong future roadmap in India?

Ans. Cooling, apparel brand and jewellery stocks have a strong roadmap in India because wider use of cooling, a shift toward branded fashion and steady festive demand keep widening the market for these consumer facing companies. The main drivers are as follows. Cooling demand. Warmer summers lift air conditioner sales. Brand shift. Shoppers move toward branded clothing. Jewellery supply. Retailers order from large makers. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Blue Star performed financially?

Ans. Revenue rose from Rs 6,100 crore in FY22 to Rs 12,464 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 168 crore in FY22 to Rs 527 crore in FY26, which works out to a compound annual growth rate of 33.1%. In the June 2026 quarter, revenue grew 13.4% year on year to Rs 3,399 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 32,243 crore. The stock trades at a P/E of 63.3, above the industry P/E of 43.1. Looking ahead, the company benefits from rising air conditioner penetration, growth in commercial buildings and expansion of cold chain. A wide service network and trusted brand support market share.

How has Arvind Fashions performed financially?

Ans. Revenue rose from Rs 3,123 crore in FY22 to Rs 5,307 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 109 crore in FY23 to Rs 185 crore in FY26, which works out to a compound annual growth rate of 19.2%. In the June 2026 quarter, revenue grew 14.6% year on year to Rs 1,286 crore, while net profit rose 11.1% to Rs 27.6 crore. The company has a return on equity of 13.0%, a debt to equity ratio of 1.42 and a market capitalisation of Rs 4,847 crore. The stock trades at a P/E of 26.0, below the industry P/E of 49.5. Looking ahead, the company is expanding its exclusive brand stores and growing its online sales while adding new brands, which supports revenue growth. Strong licensed brands with loyal customers help repeat demand.

How has Sky Gold and Diamonds performed financially?

Ans. Revenue rose from Rs 796 crore in FY22 to Rs 6,331 crore in FY26, a compound annual growth rate of 67.9%. Net profit grew from Rs 133 crore in FY25 to Rs 282 crore in FY26, a rise of 112.4%. The company has a return on equity of 23.0%, a debt to equity ratio of 0.73 and a market capitalisation of Rs 14,483 crore. The stock trades at a P/E of 35.7, below the industry P/E of 44.2. Looking ahead, the company is growing its supply to organised jewellery retailers as the market shifts toward branded jewellery. Wide design capability and large-scale manufacturing support repeat orders.

What risks should investors check before buying cooling, apparel brand and jewellery stocks?

Ans. Investors should check a few risks before buying cooling, apparel brand and jewellery stocks. Consumer spending. Sales follow festivals, incomes and consumer mood. Footfall and spending. Store sales follow consumer mood and seasons. 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 cooling, apparel brand and jewellery stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 30 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.