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3 Largest Tile Maker, Business Travel Platform and Jewellery Retail Chain Stocks With a Strong Future Roadmap: Kajaria Ceramics, TBO Tek and Kalyan Jewellers India

Kajaria Ceramics, TBO Tek and Kalyan Jewellers India: ROE of 15.8% to 21.4% and FY22 to FY26 revenue CAGR of 6.9% to 51.9%. Prices as of 30 Oct 2026.


2 Nov 2026 • 2:49 pm

3 Largest Tile Maker, Business Travel Platform and Jewellery Retail Chain Stocks With a Strong Future Roadmap: Kajaria Ceramics, TBO Tek and Kalyan Jewellers India

Quick Answer

The three tile, travel platform and jewellery chain stocks to watch are Kajaria Ceramics, TBO Tek and Kalyan Jewellers India. Their return on equity ranges from 15.8% to 21.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 51.9%. Kalyan Jewellers India has the highest return on equity at 21.4%, while TBO Tek has the fastest revenue growth at 51.9% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.

Tile, travel platform and jewellery chain stocks give investors a way to track businesses that sit close to everyday demand in India. Kajaria Ceramics, TBO Tek and Kalyan Jewellers India cover the largest tile maker, a business to business travel platform and a jewellery retail chain.

This list covers three tile, travel platform and jewellery chain stocks with complete current figures: Kajaria Ceramics, TBO Tek and Kalyan Jewellers India. 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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What Are Tile, Travel Platform and Jewellery Chain Stocks?

Tile, travel platform and jewellery chain stocks are listed companies that make ceramic and vitrified tiles, run a platform that connects travel agents with airlines and hotels, and sell gold and diamond jewellery through showrooms across India and the Middle East. Their earnings depend on housing activity, travel bookings and festive buying.

Tile, Travel Platform and Jewellery Chain Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Kajaria Ceramics 1,109.2 18,977 34.6 31.1 15.8 0.07
TBO Tek 1,532.2 17,527 66.2 121.2 15.8 0.49
Kalyan Jewellers India 498 52,898 36.9 44.3 21.4 0.97

On valuation, TBO Tek and Kalyan Jewellers India trade at a P/E below the industry P/E, while Kajaria Ceramics trades above it, which reflects the growth the market already expects. Readers comparing tile, travel platform and jewellery chain stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in tile, travel platform and jewellery chain stocks can use the coming numbers to test whether growth is holding.

Why Do Tile, Travel Platform and Jewellery Chain Stocks Have a Strong Roadmap in India?

Tile, travel platform and jewellery chain stocks have a strong roadmap in India because rising housing activity, growing travel and strong wedding and festive demand keep widening the market for these consumer facing companies.

  • Home finishing. New homes need tiles.
  • Travel growth. More trips lift booking volumes.
  • Wedding season. Gold buying stays strong in festivals.

Why Kajaria Ceramics Features Among These Tile, Travel Platform and Jewellery Chain Stocks

Among the tile, travel platform and jewellery chain stocks on this list, Kajaria Ceramics is India's largest ceramic and vitrified tile maker, with plants across several states and a large dealer network.

In the June 2026 quarter, revenue grew 20.5% year on year to Rs 1,345 crore, while net profit rose 55.0% to Rs 171 crore. Revenue rose from Rs 3,733 crore in FY22 to Rs 4,883 crore in FY26, a compound annual growth rate of 6.9%.

Net profit grew from Rs 383 crore in FY22 to Rs 490 crore in FY26, which works out to a compound annual growth rate of 6.4%. The company has a return on equity of 15.8%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 18,977 crore. The stock trades at a P/E of 34.6, above the industry P/E of 31.1.

Roadmap: The company has added capacity in tiles and widened into adhesives, sanitaryware and faucets, which allows it to sell more products to each customer. Demand from housing, redevelopment and commercial building supports tile volumes.

What to watch: Check the capacity utilisation in newer plants and growth in the bath products business.

Why TBO Tek Features Among These Tile, Travel Platform and Jewellery Chain Stocks

Among the home, trip and wedding shares on this list, TBO Tek runs a global business-to-business travel platform that connects suppliers such as hotels, airlines and activity providers with travel agents and corporate buyers across more than 100 countries.

The company has a return on equity of 15.8%, a debt to equity ratio of 0.49 and a market capitalisation of Rs 17,527 crore. The stock trades at a P/E of 66.2, below the industry P/E of 121.2.

Revenue rose from Rs 512 crore in FY22 to Rs 2,729 crore in FY26, a compound annual growth rate of 51.9%. Net profit grew from Rs 33.7 crore in FY22 to Rs 244 crore in FY26, which works out to a compound annual growth rate of 64.1%.

Roadmap: The company benefits from the move of travel booking to digital platforms and from rising outbound and inbound travel demand. Its network of suppliers and buyers makes the platform more useful as more partners join.

What to watch: Monitor transaction volumes on the platform and the growth of its hotel and international markets.

Why Kalyan Jewellers India Features Among These Tile, Travel Platform and Jewellery Chain Stocks

Among the three companies on this list, Kalyan Jewellers India is a large jewellery retailer with showrooms across India and the Middle East, selling gold, diamond and studded jewellery under the Kalyan and Candere brands.

Revenue rose from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew from Rs 224 crore in FY22 to Rs 1,350 crore in FY26, which works out to a compound annual growth rate of 56.7%.

In the June 2026 quarter, revenue grew 45.5% year on year to Rs 10,645 crore, while net profit rose 32.0% to Rs 349 crore. The company has a return on equity of 21.4%, a debt to equity ratio of 0.97 and a market capitalisation of Rs 52,898 crore. The stock trades at a P/E of 36.9, below the industry P/E of 44.3.

Roadmap: The company is opening showrooms in newer cities and growing its online jewellery arm. Strong brand recall and a franchise-led expansion model help it enter new regions at lower capital needs.

What to watch: Track same-store sales, new showroom additions and gold price movements.

Kajaria Ceramics vs TBO Tek vs Kalyan Jewellers India on Key Financials

The table below sets the three tile, travel platform and jewellery chain 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
Kajaria Ceramics 3,733 4,883 6.9% 490 10.0%
TBO Tek 512 2,729 51.9% 244 9.0%
Kalyan Jewellers India 10,856 35,951 34.9% 1,350 3.8%

Kalyan Jewellers India posts the highest return on equity in this group at 21.4%. Kalyan Jewellers India has the largest FY26 revenue at Rs 35,951 crore, and TBO Tek shows the fastest revenue growth with a 51.9% compound annual rate. A useful habit with tile, travel platform and jewellery chain stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Tile, Travel Platform and Jewellery Chain Stocks

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

  • Housing cycles. Real estate and building demand can vary with rates and sentiment.
  • Travel cycles. Bookings and occupancy follow travel demand.
  • 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 tile, travel platform and jewellery chain stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Tile, Travel Platform and Jewellery Chain Stocks

Tile, travel platform and jewellery chain stocks work best when investors track growth, valuation and return on equity side by side. Kajaria Ceramics, TBO Tek and Kalyan Jewellers India each have a clear plan to grow. Based on the 30 October 2026 close, Kajaria Ceramics trades at Rs 1,109.2, TBO Tek at Rs 1,532.2 and Kalyan Jewellers India at Rs 498. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these tile, travel platform and jewellery chain stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track tile, travel platform and jewellery chain 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 tile, travel platform and jewellery chain stocks?

Ans. Tile, travel platform and jewellery chain stocks are listed companies that make ceramic and vitrified tiles, run a platform that connects travel agents with airlines and hotels, and sell gold and diamond jewellery through showrooms across India and the Middle East. Their earnings depend on housing activity, travel bookings and festive buying. This list looks at three of them, Kajaria Ceramics, TBO Tek and Kalyan Jewellers India, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.

Which tile, travel platform and jewellery chain stocks are covered in this list?

Ans. This list covers Kajaria Ceramics, TBO Tek and Kalyan Jewellers India. Based on the 30 October 2026 close, Kajaria Ceramics traded at Rs 1,109.2, TBO Tek at Rs 1,532.2 and Kalyan Jewellers India at Rs 498. Their return on equity ranges from 15.8% to 21.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 51.9%.

Why do tile, travel platform and jewellery chain stocks have a strong future roadmap in India?

Ans. Tile, travel platform and jewellery chain stocks have a strong roadmap in India because rising housing activity, growing travel and strong wedding and festive demand keep widening the market for these consumer facing companies. The main drivers are as follows. Home finishing. New homes need tiles. Travel growth. More trips lift booking volumes. Wedding season. Gold buying stays strong in festivals. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Kajaria Ceramics performed financially?

Ans. Revenue rose from Rs 3,733 crore in FY22 to Rs 4,883 crore in FY26, a compound annual growth rate of 6.9%. Net profit grew from Rs 383 crore in FY22 to Rs 490 crore in FY26, which works out to a compound annual growth rate of 6.4%. In the June 2026 quarter, revenue grew 20.5% year on year to Rs 1,345 crore, while net profit rose 55.0% to Rs 171 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 18,977 crore. The stock trades at a P/E of 34.6, above the industry P/E of 31.1. Looking ahead, the company has added capacity in tiles and widened into adhesives, sanitaryware and faucets, which allows it to sell more products to each customer. Demand from housing, redevelopment and commercial building supports tile volumes.

How has TBO Tek performed financially?

Ans. Revenue rose from Rs 512 crore in FY22 to Rs 2,729 crore in FY26, a compound annual growth rate of 51.9%. Net profit grew from Rs 33.7 crore in FY22 to Rs 244 crore in FY26, which works out to a compound annual growth rate of 64.1%. The company has a return on equity of 15.8%, a debt to equity ratio of 0.49 and a market capitalisation of Rs 17,527 crore. The stock trades at a P/E of 66.2, below the industry P/E of 121.2. Looking ahead, the company benefits from the move of travel booking to digital platforms and from rising outbound and inbound travel demand. Its network of suppliers and buyers makes the platform more useful as more partners join.

How has Kalyan Jewellers India performed financially?

Ans. Revenue rose from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew from Rs 224 crore in FY22 to Rs 1,350 crore in FY26, which works out to a compound annual growth rate of 56.7%. In the June 2026 quarter, revenue grew 45.5% year on year to Rs 10,645 crore, while net profit rose 32.0% to Rs 349 crore. The company has a return on equity of 21.4%, a debt to equity ratio of 0.97 and a market capitalisation of Rs 52,898 crore. The stock trades at a P/E of 36.9, below the industry P/E of 44.3. Looking ahead, the company is opening showrooms in newer cities and growing its online jewellery arm. Strong brand recall and a franchise-led expansion model help it enter new regions at lower capital needs.

What risks should investors check before buying tile, travel platform and jewellery chain stocks?

Ans. Investors should check a few risks before buying tile, travel platform and jewellery chain stocks. Housing cycles. Real estate and building demand can vary with rates and sentiment. Travel cycles. Bookings and occupancy follow travel demand. 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 tile, travel platform and jewellery chain 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.

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