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3 Largest Tile Maker, Upscale Hotels Owner and Gold and Diamond Jewellery Manufacturer Stocks With a Strong Future Roadmap: Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds

Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds: ROE of 15.8% to 23.0% and FY22 to FY26 revenue CAGR of 6.9% to 67.9%. Prices as of 30 Oct 2026.


2 Nov 2026 • 2:36 pm

3 Largest Tile Maker, Upscale Hotels Owner and Gold and Diamond Jewellery Manufacturer Stocks With a Strong Future Roadmap: Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds

Quick Answer

The three tile, upscale hotel and jewellery maker stocks to watch are Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds. Their return on equity ranges from 15.8% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% 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.

Tile, upscale hotel and jewellery maker stocks offer a focused view of a sector where demand keeps widening. Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds cover the largest tile maker, an upscale hotels owner and a gold and diamond jewellery manufacturer.

This list covers three tile, upscale hotel and jewellery maker stocks with complete current figures: Kajaria Ceramics, Chalet Hotels 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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What Are Tile, Upscale Hotel and Jewellery Maker Stocks?

Tile, upscale hotel and jewellery maker stocks are listed companies that make ceramic and vitrified tiles, own upscale hotels and resorts in key cities, and manufacture gold and diamond jewellery for leading retailers. Their earnings depend on housing activity, room occupancy and festive demand.

Tile, Upscale Hotel and Jewellery Maker 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
Chalet Hotels 805.65 18,491 35.0 37.9 17.4 0.64
Sky Gold and Diamonds 883.2 14,483 35.7 44.2 23.0 0.73

On valuation, Chalet Hotels and Sky Gold and Diamonds 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, upscale hotel and jewellery maker stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Tile, Upscale Hotel and Jewellery Maker Stocks Have a Strong Roadmap in India?

Tile, upscale hotel and jewellery maker stocks have a strong roadmap in India because rising housing activity, growing travel and steady festive and wedding demand keep widening the market for these consumer and building linked companies.

  • Home finishing. New homes need tiles.
  • Hotel stays. Upscale rooms see rising demand.
  • Jewellery supply. Retailers order from large makers.

Why Kajaria Ceramics Features Among These Tile, Upscale Hotel and Jewellery Maker Stocks

Among the tile, upscale hotel and jewellery maker 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.

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.

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.

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 Chalet Hotels Features Among These Tile, Upscale Hotel and Jewellery Maker Stocks

Among the housing and festive shares on this list, Chalet Hotels owns and develops upscale hotels and resorts in key Indian cities such as Mumbai, Bengaluru and Hyderabad, and it also has a growing commercial and retail real estate portfolio. Its hotels operate under leading global brands.

Revenue rose from Rs 530 crore in FY22 to Rs 2,812 crore in FY26, a compound annual growth rate of 51.8%. Net profit grew from Rs 183 crore in FY23 to Rs 645 crore in FY26, which works out to a compound annual growth rate of 52.1%.

The company has a return on equity of 17.4%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 18,491 crore. The stock trades at a P/E of 35.0, below the industry P/E of 37.9.

Roadmap: The company is adding rooms at existing hotels and building new properties in cities where business and leisure travel is growing. Its annuity assets, such as office and retail space, add steady rental income alongside hotel earnings.

What to watch: Track occupancy, average room rates and the progress of new room additions.

Why Sky Gold and Diamonds Features Among These Tile, Upscale Hotel and Jewellery Maker 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.

Kajaria Ceramics vs Chalet Hotels vs Sky Gold and Diamonds on Key Financials

The table below sets the three tile, upscale hotel and jewellery maker 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%
Chalet Hotels 530 2,812 51.8% 645 22.9%
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%. Sky Gold and Diamonds combines the largest FY26 revenue at Rs 6,331 crore with the fastest revenue growth, a 67.9% compound annual rate. A useful habit with tile, upscale hotel and jewellery maker stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Tile, Upscale Hotel and Jewellery Maker Stocks

Every theme carries risks that deserve a check before any decision. For these tile, upscale hotel and jewellery maker stocks, the main points are: Long-term housing and festive 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, upscale hotel and jewellery maker stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Tile, Upscale Hotel and Jewellery Maker Stocks

Tile, upscale hotel and jewellery maker stocks reward patient research into demand, execution and financial strength. Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds each have a clear plan to grow. Based on the 30 October 2026 close, Kajaria Ceramics trades at Rs 1,109.2, Chalet Hotels at Rs 805.65 and Sky Gold and Diamonds at Rs 883.2.

Download the Univest iOS App or Univest Android App to track tile, upscale hotel and jewellery maker 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, upscale hotel and jewellery maker stocks?

Ans. Tile, upscale hotel and jewellery maker stocks are listed companies that make ceramic and vitrified tiles, own upscale hotels and resorts in key cities, and manufacture gold and diamond jewellery for leading retailers. Their earnings depend on housing activity, room occupancy and festive demand. This list looks at three of them, Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.

Which tile, upscale hotel and jewellery maker stocks are covered in this list?

Ans. This list covers Kajaria Ceramics, Chalet Hotels and Sky Gold and Diamonds. Based on the 30 October 2026 close, Kajaria Ceramics traded at Rs 1,109.2, Chalet Hotels at Rs 805.65 and Sky Gold and Diamonds at Rs 883.2. Their return on equity ranges from 15.8% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 67.9%.

Why do tile, upscale hotel and jewellery maker stocks have a strong future roadmap in India?

Ans. Tile, upscale hotel and jewellery maker stocks have a strong roadmap in India because rising housing activity, growing travel and steady festive and wedding demand keep widening the market for these consumer and building linked companies. The main drivers are as follows. Home finishing. New homes need tiles. Hotel stays. Upscale rooms see rising demand. 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 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 Chalet Hotels performed financially?

Ans. Revenue rose from Rs 530 crore in FY22 to Rs 2,812 crore in FY26, a compound annual growth rate of 51.8%. Net profit grew from Rs 183 crore in FY23 to Rs 645 crore in FY26, which works out to a compound annual growth rate of 52.1%. The company has a return on equity of 17.4%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 18,491 crore. The stock trades at a P/E of 35.0, below the industry P/E of 37.9. Looking ahead, the company is adding rooms at existing hotels and building new properties in cities where business and leisure travel is growing. Its annuity assets, such as office and retail space, add steady rental income alongside hotel earnings.

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 tile, upscale hotel and jewellery maker stocks?

Ans. Investors should check a few risks before buying tile, upscale hotel and jewellery maker 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, upscale hotel and jewellery maker 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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Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.

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