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3 South India Jewellery Retailer, Fashion Retail Leader and Houseware and Writing Brands Owner Stocks With a Strong Future Roadmap: Kalyan Jewellers India, Trent and Cello World

Kalyan Jewellers India, Trent and Cello World: ROE of 12.3% to 24.6% and FY22 to FY26 revenue CAGR of 14.7% to 44.2%. Prices as of 23 Oct 2026.


26 Oct 2026 • 4:44 pm

3 South India Jewellery Retailer, Fashion Retail Leader and Houseware and Writing Brands Owner Stocks With a Strong Future Roadmap: Kalyan Jewellers India, Trent and Cello World

Quick Answer

The three jewellery, fashion retail and houseware stocks to watch are Kalyan Jewellers India, Trent and Cello World. Their return on equity ranges from 12.3% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.7% to 44.2%. Trent leads on both return on equity at 24.6% and revenue growth at 44.2% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.

Jewellery, fashion retail and houseware stocks give investors a way to track businesses that sit close to everyday demand in India. Kalyan Jewellers India, Trent and Cello World cover a south India jewellery retailer, a fashion retail leader and a houseware and writing brands owner.

This list covers three jewellery, fashion retail and houseware stocks with complete current figures: Kalyan Jewellers India, Trent and Cello World. 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, Fashion Retail and Houseware Stocks?

Jewellery, fashion retail and houseware stocks are listed consumer companies that sell jewellery, clothing and everyday household goods through large retail and distribution networks. Their earnings depend on festive demand, store expansion, brand strength and input costs.

Jewellery, Fashion Retail and Houseware Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Kalyan Jewellers India 512 52,898 36.9 44.3 21.4 0.97
Trent 2,727.5 153,891 84.8 63.4 24.6 0.37
Cello World 354 7,985 24.6 41.4 12.3 0.01

On valuation, Kalyan Jewellers India and Cello World 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, fashion retail and houseware 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, Fashion Retail and Houseware Stocks Have a Strong Roadmap in India?

Jewellery, fashion retail and houseware stocks have a strong roadmap in India because rising incomes, wedding demand and a shift toward organised retail keep lifting spending on branded purchases.

  • Festive demand. Weddings and festivals lift jewellery sales.
  • Store growth. New outlets bring fashion to more cities.
  • Everyday brands. Houseware sells steadily across homes.

Why Kalyan Jewellers India Features Among These Jewellery, Fashion Retail and Houseware Stocks

Among the jewellery, fashion retail and houseware stocks 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.

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. 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%. 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.

Why Trent Features Among These Jewellery, Fashion Retail and Houseware Stocks

Among the regional jewellery chain 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 Cello World Features Among These Jewellery, Fashion Retail and Houseware Stocks

Among the three companies on this list, Cello World is a consumer products company that sells houseware, writing instruments, glassware and moulded furniture under the Cello brand through a wide distribution network.

Revenue rose from Rs 1,375 crore in FY22 to Rs 2,379 crore in FY26, a compound annual growth rate of 14.7%. Net profit grew from Rs 220 crore in FY22 to Rs 332 crore in FY26, which works out to a compound annual growth rate of 10.9%.

The company has a return on equity of 12.3%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 7,985 crore. The stock trades at a P/E of 24.6, below the industry P/E of 41.4.

Roadmap: The company is growing its glassware and houseware ranges and expanding its reach in modern retail. A trusted household brand helps it enter new product categories.

What to watch: Track growth in glassware and writing instruments, distribution expansion and input costs.

Kalyan Jewellers India vs Trent vs Cello World on Key Financials

The table below sets the three jewellery, fashion retail and houseware 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
Kalyan Jewellers India 10,856 35,951 34.9% 1,350 3.8%
Trent 4,673 20,189 44.2% 1,721 8.5%
Cello World 1,375 2,379 14.7% 332 13.9%

Trent posts the highest return on equity in this group at 24.6%. Kalyan Jewellers India has the largest FY26 revenue at Rs 35,951 crore, and Trent shows the fastest revenue growth with a 44.2% compound annual rate. A useful habit with jewellery, fashion retail and houseware stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Jewellery, Fashion Retail and Houseware Stocks

Every theme carries risks that deserve a check before any decision. For these jewellery, fashion retail and houseware stocks, the main points are:

  • Gold prices. Sharp moves in bullion can affect jewellery demand.
  • Competition. New brands and online sellers add pressure.
  • 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, fashion retail and houseware stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Jewellery, Fashion Retail and Houseware Stocks

Jewellery, fashion retail and houseware stocks work best when investors track growth, valuation and return on equity side by side. Kalyan Jewellers India, Trent and Cello World each have a clear plan to expand. Based on the 23 October 2026 close, Kalyan Jewellers India trades at Rs 512, Trent at Rs 2,727.5 and Cello World at Rs 354.

Download the Univest iOS App or Univest Android App to track jewellery, fashion retail and houseware 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, fashion retail and houseware stocks?

Ans. Jewellery, fashion retail and houseware stocks are listed consumer companies that sell jewellery, clothing and everyday household goods through large retail and distribution networks. Their earnings depend on festive demand, store expansion, brand strength and input costs. This list looks at three of them, Kalyan Jewellers India, Trent and Cello World, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which jewellery, fashion retail and houseware stocks are covered in this list?

Ans. This list covers Kalyan Jewellers India, Trent and Cello World. Based on the 23 October 2026 close, Kalyan Jewellers India traded at Rs 512, Trent at Rs 2,727.5 and Cello World at Rs 354. Their return on equity ranges from 12.3% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.7% to 44.2%.

Why do jewellery, fashion retail and houseware stocks have a strong future roadmap in India?

Ans. Jewellery, fashion retail and houseware stocks have a strong roadmap in India because rising incomes, wedding demand and a shift toward organised retail keep lifting spending on branded purchases. The main drivers are as follows. Festive demand. Weddings and festivals lift jewellery sales. Store growth. New outlets bring fashion to more cities. Everyday brands. Houseware sells steadily across homes. Together these factors give the companies on this list a visible path for growth over the coming years.

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.

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 Cello World performed financially?

Ans. Revenue rose from Rs 1,375 crore in FY22 to Rs 2,379 crore in FY26, a compound annual growth rate of 14.7%. Net profit grew from Rs 220 crore in FY22 to Rs 332 crore in FY26, which works out to a compound annual growth rate of 10.9%. The company has a return on equity of 12.3%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 7,985 crore. The stock trades at a P/E of 24.6, below the industry P/E of 41.4. Looking ahead, the company is growing its glassware and houseware ranges and expanding its reach in modern retail. A trusted household brand helps it enter new product categories.

What risks should investors check before buying jewellery, fashion retail and houseware stocks?

Ans. Investors should check a few risks before buying jewellery, fashion retail and houseware stocks. Gold prices. Sharp moves in bullion can affect jewellery demand. Competition. New brands and online sellers add pressure. 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, fashion retail and houseware 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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