SMC Global Securities Limited

Titan and Kalyan are both benefiting from the shift toward organised jewellery, but their economics look very different Titan remains the much larger and more profitable platform, with ₹21,502 Cr revenue, 14.6% EBITDA margin and ₹1,777 Cr PAT Kalyan, meanwhile, is growing faster on the top line at 46% YoY, but operates at a much lower 6.0% EBITDA margin The biggest difference is scale and profitability Titan ended the period with 3,680 stores versus Kalyan’s 524, while its gross margin stood at 26.8% compared with 11.9% for Kalyan So the comparison is simple Kalyan is the faster growth story Titan is the stronger economics story #Titan #KalyanJewellers #Jewellery #StockMarket #SMCGlobal #Titan #KalyanJewellers #Jewellery #StockMarket #SMCGlobal

Don't buy gold on Dhanteras before watching this! Making charges, GST, stone weight, and resale value make a lot of difference. Before buying, check these 4 things to make a smarter purchase. And if it’s purely for investment, explore Gold ETFs and Gold Mutual Funds too. Save this post and share it with someone buying gold this festive season! [GoldBuying, Dhanteras, GoldInvestment, PersonalFinance, FinanceTips] #gold #dhanteras #festiveseason #personalfinance #smc #gold #dhanteras #festiveseason #personalfinance #smc

India’s IPO pipeline is getting crowded with some very large consumer and tech names Flipkart is expected to lead the pack with an issue size of ₹15,000 Cr+, followed by PhonePe at ₹13,000 Cr and Zepto at ₹11,000 Cr OYO, Razorpay, Hero FinCorp and CarDekho are also preparing sizeable offerings, which could make the next IPO cycle one of the most interesting in recent years The bigger question is not just who lists, but at what valuation and with what path to profitability #IPO #StockMarketIndia #Flipkart #PhonePe #Investing #IPO #StockMarketIndia #Flipkart #PhonePe #Investing