
3 Eastern India Jewellery Chain, Fast-Growing Fashion Retailer and Branded Footwear Maker Stocks With a Strong Future Roadmap: Senco Gold, Trent and Redtape
Senco Gold, Trent and Redtape: ROE of 22.9% to 24.6% and FY22 to FY26 revenue CAGR of 24.5% to 70.3%. Prices as of 23 Oct 2026.
Updated: 26 Oct 2026 • 11:19 am
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Quick Answer
The three jewellery and fashion retail brand stocks to watch are Senco Gold, Trent and Redtape. Their return on equity ranges from 22.9% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 24.5% to 70.3%. Trent has the highest return on equity at 24.6%, while Redtape has the fastest revenue growth at 70.3% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Jewellery and fashion retail brand stocks let investors follow brands that sell gold, clothing and footwear to India's growing middle class. Senco Gold, Trent and Redtape cover an eastern India jewellery chain, a fast-growing fashion retailer and a branded footwear maker.
This list covers three jewellery and fashion retail brand stocks with complete current figures: Senco Gold, Trent and Redtape. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Jewellery and Fashion Retail Brand Stocks?
Jewellery and fashion retail brand stocks are listed companies that run store chains and own brands in jewellery, apparel and footwear. Their earnings depend on store additions, same-store sales, brand strength and consumer spending.
Jewellery and Fashion Retail Brand Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Senco Gold | 309.3 | 5,063 | 8.9 | 44.3 | 22.9 | 1.07 |
| Trent | 2,727.5 | 153,891 | 84.8 | 63.4 | 24.6 | 0.37 |
| Redtape | 104.06 | 6,169 | 25.0 | 63.4 | 23.6 | 0.70 |
On valuation, Senco Gold and Redtape trade at a P/E below the industry P/E, while Trent trades above it, which reflects the growth the market already expects. Readers comparing jewellery and fashion retail brand stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Jewellery and Fashion Retail Brand Stocks Have a Strong Roadmap in India?
Jewellery and fashion retail brand stocks have a strong roadmap in India because rising incomes, young shoppers and a move from unbranded to branded products keep lifting retail spending.
- Branded shift. Shoppers prefer trusted brands over unbranded options.
- Store expansion. New outlets in more cities widen reach.
- Own brands. In-house labels support better margins.
Why Senco Gold Features Among These Jewellery and Fashion Retail Brand Stocks
Among the jewellery and fashion retail brand stocks on this list, Senco Gold & 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.
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.
Roadmap: 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.
What to watch: Track showroom additions, studded jewellery share and gold price trends.
Why Trent Features Among These Jewellery and Fashion Retail Brand Stocks
Among the lifestyle retail company 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.
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.
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.
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 Redtape Features Among These Jewellery and Fashion Retail Brand Stocks
Among the three companies on this list, Redtape, an Indian footwear and accessories brand, sells casual, formal and sports footwear through exclusive stores, multi-brand outlets and online channels.
Revenue rose from Rs 303 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%. Net profit grew from Rs 29.0 crore in FY22 to Rs 241 crore in FY26, which works out to a compound annual growth rate of 69.6%.
In the June 2026 quarter, revenue grew 4.8% year on year to Rs 496 crore, while net profit rose 15.2% to Rs 44.5 crore. The company has a return on equity of 23.6%, a debt to equity ratio of 0.70 and a market capitalisation of Rs 6,169 crore. The stock trades at a P/E of 25.0, below the industry P/E of 63.4.
Roadmap: Growth is driven by store expansion, higher online sales and a broader product range, including apparel and accessories. A shift towards branded footwear in smaller cities widens its customer base.
What to watch: Follow same-store sales and the pace of new store openings.
Senco Gold vs Trent vs Redtape on Key Financials
The table below sets the three jewellery and fashion retail 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 |
|---|---|---|---|---|---|
| Senco Gold | 3,547 | 8,510 | 24.5% | 574 | 6.7% |
| Trent | 4,673 | 20,189 | 44.2% | 1,721 | 8.5% |
| Redtape | 303 | 2,552 | 70.3% | 241 | 9.4% |
Trent posts the highest return on equity in this group at 24.6%. Trent has the largest FY26 revenue at Rs 20,189 crore, and Redtape shows the fastest revenue growth with a 70.3% compound annual rate. A useful habit with jewellery and fashion retail brand stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Jewellery and Fashion Retail Brand Stocks
Every theme carries risks that deserve a check before any decision. For these jewellery and fashion retail brand stocks, the main points are:
- Consumer spending. Discretionary purchases can slow in weak periods.
- Store economics. Rent and staff costs rise as networks grow.
- 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 jewellery and fashion retail brand stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Jewellery and Fashion Retail Brand Stocks
Jewellery and fashion retail brand stocks reward investors who follow store additions, same-store sales and brand strength together. Senco Gold, Trent and Redtape each have a clear plan to expand. Based on the 23 October 2026 close, Senco Gold trades at Rs 309.3, Trent at Rs 2,727.5 and Redtape at Rs 104.06.
Download the Univest iOS App or Univest Android App to track jewellery and fashion retail brand 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 jewellery and fashion retail brand stocks?
Ans. Jewellery and fashion retail brand stocks are listed companies that run store chains and own brands in jewellery, apparel and footwear. Their earnings depend on store additions, same-store sales, brand strength and consumer spending. This list looks at three of them, Senco Gold, Trent and Redtape, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which jewellery and fashion retail brand stocks are covered in this list?
Ans. This list covers Senco Gold, Trent and Redtape. Based on the 23 October 2026 close, Senco Gold traded at Rs 309.3, Trent at Rs 2,727.5 and Redtape at Rs 104.06. Their return on equity ranges from 22.9% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 24.5% to 70.3%.
Why do jewellery and fashion retail brand stocks have a strong future roadmap in India?
Ans. Jewellery and fashion retail brand stocks have a strong roadmap in India because rising incomes, young shoppers and a move from unbranded to branded products keep lifting retail spending. The main drivers are as follows. Branded shift. Shoppers prefer trusted brands over unbranded options. Store expansion. New outlets in more cities widen reach. Own brands. In-house labels support better margins. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Senco Gold performed financially?
Ans. 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.
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 Redtape performed financially?
Ans. Revenue rose from Rs 303 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%. Net profit grew from Rs 29.0 crore in FY22 to Rs 241 crore in FY26, which works out to a compound annual growth rate of 69.6%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 496 crore, while net profit rose 15.2% to Rs 44.5 crore. The company has a return on equity of 23.6%, a debt to equity ratio of 0.70 and a market capitalisation of Rs 6,169 crore. The stock trades at a P/E of 25.0, below the industry P/E of 63.4. Looking ahead, growth is driven by store expansion, higher online sales and a broader product range, including apparel and accessories. A shift towards branded footwear in smaller cities widens its customer base.
What risks should investors check before buying jewellery and fashion retail brand stocks?
Ans. Investors should check a few risks before buying jewellery and fashion retail brand stocks. Consumer spending. Discretionary purchases can slow in weak periods. Store economics. Rent and staff costs rise as networks grow. 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 jewellery and fashion retail brand stocks investment advice?
Ans. 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.
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