Uday Jewellery Industries Ltd: 99% Sales Growth, 92% PAT Growth – Glitter That’s Actually Profitable

1. At a Glance

Uday Jewellery is part of the Sanghi Group and makes & trades stone-studded gold, diamond jewellery, silver items, and cubic zirconia bling for both domestic and export markets. With a TTM sales growth of 99% and PAT growth of 92%, this isn’t just about sparkle—it’s about scale. P/E is a reasonable 24.2, ROE sits at a decent 11.8%, and Q1 FY26 was a firecracker with 196% profit growth.

2. Introduction

From Net Trade Innovations to Hifunda.com to Uday Jewellery, this company’s name changes are almost as frequent as gold rate fluctuations. Today, it’s a focused player in CZ & colour stone studded jewellery—a niche where margins can be tricky but volumes are rewarding.

Market cap is ₹388 Cr, share price has run up 41% in the last year, and unlike many jewellery peers, they don’t carry Titanic-sized debt. The challenge? Working capital is a jeweller’s favourite pastime, and inventory days still look like a bad Netflix binge session.

3. Business Model (WTF Do They Even Do?)

• Manufacturing & Trading: Stone-studded gold jewellery, diamond-studded pieces, silver items, CZ jewellery.
• Dual Market Play: Domestic + export sales.
• Customization Capability