Archive · 3 Jan 2026
Under-the-Radar Jewellery Stocks Offer Steady Growth
In India, people often talk about big jewellery companies or gold prices.
But there are smaller, less-known companies that do well by making and selling jewellery in different ways.
RBZ Jewellers makes jewellery and sells it to other shops.
Golkunda Diamonds makes diamond jewellery and sells it to other countries.
TBZ is an old jewellery brand that focuses on making its stores work better.
These companies are not as exciting as big brands, but they make good money and are not too expensive.
They might be good for investors who like steady growth.
However, they are small and not as easy to buy and sell as bigger companies.
Investors should be careful because gold prices can change a lot, and these companies might have money problems if they don't manage their inventory well.
RBZ Jewellers focuses on manufacturing and wholesale supply, with steady profit margins and a 28% drop in stock price over the past year.
Golkunda Diamonds exports diamond-studded gold jewellery, with a 203% YoY net profit jump and a 18% CAGR stock price rise over three years.
TBZ, a 150-year-old brand, improves store efficiency and margins, with a 163% YoY net profit leap and a 28% CAGR stock price rise over three years.
These companies are less known but offer steady growth and reasonable valuations, with risks including gold price volatility and working capital management.
Investors should consider these stocks for their disciplined execution and potential for consistent earnings, despite their small size and lower liquidity.
- Who
- RBZ Jewellers, Golkunda Diamonds, TBZ
- What
- Under-the-radar jewellery stocks offering steady growth
- When
- Financial data from FY23 to FY26 (H1/TTM)
- Where
- India
- Why
- These companies focus on manufacturing, wholesaling, and exports with disciplined execution and reasonable valuations
- RBZ Jewellers
- Manufacturing and wholesale jewellery supplier
- Golkunda Diamonds
- Exports diamond-studded gold jewellery
- TBZ
- Oldest Indian jewellery brand with 150 years of history
- RBZ Financial Performance (FY23 - FY26 H1)
- Revenue: ₹288 cr to ₹221 cr, Net Profit: ₹22 cr to ₹25.7 cr
- Golkunda Financial Performance (FY23 - FY26 TTM)
- Revenue: ₹233 cr to ₹286 cr, Net Profit: ₹9.4 cr to ~₹14 cr
- TBZ Financial Performance (FY23 - FY26 TTM)
- Revenue: ₹2,394 cr to ₹2,769 cr, Net Profit: ₹40 cr to ₹32 cr
- RBZ Share Price Trend
- Fell 28% over the past year
- Golkunda Share Price Trend
- Rose at a CAGR of 18% over the past three years
- TBZ Share Price Trend
- Rose at a CAGR of 28% over the past three years