ad

3 Largest Hospitality Company, Footwear Retailer and Jewellery Retail Chain Stocks With a Strong Future Roadmap: Indian Hotels Company, Metro Brands and PN Gadgil Jewellers

Indian Hotels Company, Metro Brands and PN Gadgil Jewellers: ROE of 16.0% to 20.9% and FY22 to FY26 revenue CAGR of 20.6% to 43.0%. Prices as of 30 Oct 2026.


2 Nov 2026 • 2:27 pm

3 Largest Hospitality Company, Footwear Retailer and Jewellery Retail Chain Stocks With a Strong Future Roadmap: Indian Hotels Company, Metro Brands and PN Gadgil Jewellers

Quick Answer

The three hotel, footwear and jewellery retail stocks to watch are Indian Hotels Company, Metro Brands and PN Gadgil Jewellers. Their return on equity ranges from 16.0% to 20.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.6% to 43.0%. PN Gadgil Jewellers leads on both return on equity at 20.9% and revenue growth at 43.0% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.

Hotel, footwear and jewellery retail stocks let investors follow companies that serve a growing part of the Indian economy. Indian Hotels Company, Metro Brands and PN Gadgil Jewellers cover the largest hospitality company, a footwear retailer and a jewellery retail chain.

This list covers three hotel, footwear and jewellery retail stocks with complete current figures: Indian Hotels Company, Metro Brands and PN Gadgil Jewellers. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.

Click Here – Get Free Investment Predictions

What Are Hotel, Footwear and Jewellery Retail Stocks?

Hotel, footwear and jewellery retail stocks are listed companies that run luxury and mid market hotels and resorts, operate footwear stores under several brands, and sell gold, silver and diamond jewellery through stores in Maharashtra and beyond. Their earnings depend on travel, festive shopping and store sales.

Hotel, Footwear and Jewellery Retail Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Indian Hotels Company 811.65 108,181 46.9 37.9 16.0 0.22
Metro Brands 823.25 23,316 55.4 37.0 19.8 0.76
PN Gadgil Jewellers 558.55 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 Indian Hotels Company and Metro Brands trade above it, which reflects the growth the market already expects. Readers comparing hotel, footwear 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 Hotel, Footwear and Jewellery Retail Stocks Have a Strong Roadmap in India?

Hotel, footwear and jewellery retail stocks have a strong roadmap in India because growing travel, rising incomes and strong festive and wedding demand keep widening the market for these consumer facing companies.

  • Travel growth. Hotels see rising leisure and business stays.
  • Footwear stores. Branded footwear gains share.
  • Festive buying. Weddings and festivals lift jewellery sales.

Why Indian Hotels Company Features Among These Hotel, Footwear and Jewellery Retail Stocks

Among the hotel, footwear and jewellery retail stocks on this list, Indian Hotels Company is India's largest hospitality company and part of the Tata Group, operating luxury, upscale and mid-market hotels and resorts under Taj, SeleQtions, Vivanta and Ginger, along with a food, dining and residences business.

Revenue rose from Rs 3,211 crore in FY22 to Rs 9,971 crore in FY26, a compound annual growth rate of 32.7%. Net profit grew from Rs 971 crore in FY23 to Rs 2,195 crore in FY26, which works out to a compound annual growth rate of 31.2%.

In the June 2026 quarter, revenue grew 15.1% year on year to Rs 2,419 crore, while net profit rose 22.4% to Rs 391 crore. The company has a return on equity of 16.0%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 108,181 crore. The stock trades at a P/E of 46.9, above the industry P/E of 37.9.

Roadmap: The company is growing mainly through management contracts and new signings, which add rooms without heavy capital outlay. Its strong brands, a pipeline of new hotels and rising travel and event demand support growth in occupancy and room rates.

What to watch: Track new room signings and openings and the pace of growth in its newer brands.

Why Metro Brands Features Among These Hotel, Footwear and Jewellery Retail Stocks

Among the festive and wedding season 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.

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.

Roadmap: 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.

What to watch: Track store openings, premium brand share and online sales.

Why PN Gadgil Jewellers Features Among These Hotel, Footwear 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.

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.

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.

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.

Indian Hotels Company vs Metro Brands vs PN Gadgil Jewellers on Key Financials

The table below sets the three hotel, footwear 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
Indian Hotels Company 3,211 9,971 32.7% 2,195 22.0%
Metro Brands 1,402 2,968 20.6% 416 14.0%
PN Gadgil Jewellers 2,586 10,827 43.0% 410 3.8%

PN Gadgil Jewellers posts the highest return on equity in this group at 20.9%. PN Gadgil Jewellers combines the largest FY26 revenue at Rs 10,827 crore with the fastest revenue growth, a 43.0% compound annual rate. A useful habit with hotel, footwear and jewellery retail stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Hotel, Footwear and Jewellery Retail Stocks

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

  • Travel cycles. Bookings and occupancy follow travel demand.
  • 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 hotel, footwear and jewellery retail stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Hotel, Footwear and Jewellery Retail Stocks

Hotel, footwear and jewellery retail stocks reward investors who follow demand trends, order books and margins together. Indian Hotels Company, Metro Brands and PN Gadgil Jewellers each have a clear plan to grow. Based on the 30 October 2026 close, Indian Hotels Company trades at Rs 811.65, Metro Brands at Rs 823.25 and PN Gadgil Jewellers at Rs 558.55. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these hotel, footwear and jewellery retail stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track hotel, footwear 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 hotel, footwear and jewellery retail stocks?

Ans. Hotel, footwear and jewellery retail stocks are listed companies that run luxury and mid market hotels and resorts, operate footwear stores under several brands, and sell gold, silver and diamond jewellery through stores in Maharashtra and beyond. Their earnings depend on travel, festive shopping and store sales. This list looks at three of them, Indian Hotels Company, Metro Brands and PN Gadgil Jewellers, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.

Which hotel, footwear and jewellery retail stocks are covered in this list?

Ans. This list covers Indian Hotels Company, Metro Brands and PN Gadgil Jewellers. Based on the 30 October 2026 close, Indian Hotels Company traded at Rs 811.65, Metro Brands at Rs 823.25 and PN Gadgil Jewellers at Rs 558.55. Their return on equity ranges from 16.0% to 20.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.6% to 43.0%.

Why do hotel, footwear and jewellery retail stocks have a strong future roadmap in India?

Ans. Hotel, footwear and jewellery retail stocks have a strong roadmap in India because growing travel, rising incomes and strong festive and wedding demand keep widening the market for these consumer facing companies. The main drivers are as follows. Travel growth. Hotels see rising leisure and business stays. Footwear stores. Branded footwear gains share. Festive buying. 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 Indian Hotels Company performed financially?

Ans. Revenue rose from Rs 3,211 crore in FY22 to Rs 9,971 crore in FY26, a compound annual growth rate of 32.7%. Net profit grew from Rs 971 crore in FY23 to Rs 2,195 crore in FY26, which works out to a compound annual growth rate of 31.2%. In the June 2026 quarter, revenue grew 15.1% year on year to Rs 2,419 crore, while net profit rose 22.4% to Rs 391 crore. The company has a return on equity of 16.0%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 108,181 crore. The stock trades at a P/E of 46.9, above the industry P/E of 37.9. Looking ahead, the company is growing mainly through management contracts and new signings, which add rooms without heavy capital outlay. Its strong brands, a pipeline of new hotels and rising travel and event demand support growth in occupancy and room rates.

How has Metro Brands performed financially?

Ans. 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.

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 hotel, footwear and jewellery retail stocks?

Ans. Investors should check a few risks before buying hotel, footwear and jewellery retail stocks. Travel cycles. Bookings and occupancy follow travel demand. 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 hotel, footwear and jewellery retail 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.

Recent Articles

Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.

Reviews

user-review-1
user-review-2
user-review-3
user-review-4
user-review-5
ad

Uniresearch Global Pvt Ltd
Research Analyst
SEBI Registration Number — INH000013776
Uniresearch is a subsidiary of Univest Communication Technologies Private Limited

Company Address: Registered Address: Ground Floor, Unitech Commercial Tower 2, Block B, Greenwood City, Unit 1-3, Sector 45, Gurugram, Haryana 122003

Write to us : support@univest.in, compliance@univest.in

Verify on SEBI registry →

RESEARCH ANALYST

Get SEBI Registered
advice on the stocks
trending today.

Get 3 FREE Trade Ideas

+91
for Startups Accelerator 2024

for Startups Accelerator 2024

Trusted by 1Cr Indians

Trusted by 1Cr Indians

Awarded No.1 by Economic Times

Awarded No.1 by Economic Times

GET THE APP

Join 1Cr users today.

SEBI Registered Analyst-backed Picks. Free Demat. One App

  • Free Demat account in under 5 minutes
  • Live market data — Nifty, Sensex, sector insights
  • SEBI Registered analyst-backed stock picks
Get it on Google PlayDownload on the App Store
Stocks:
All|a|b|c|d|e|f|g|h|i|j|k|l|m|n|o|p|q|r|s|t|u|v|w|x|y|z

Copyright 2026 Univest. All rights reserved.
Designed with ❤️ in India

arrow down