Top 4 wedding stocks to watch out for
Indian wedding industry was expected to cross $130 billion. Well, this won’t be astonishing to someone who knows that ‘trying the knot’ is the fourth biggest industry in India. In fact, it’s bigger than India’s auto and IT sectors…growing steadily every year.
This industry has a fascinatingly diverse ecosystem which works harmoniously to bring everything together on a couple’s wedding day. When we think of weddings, we usually think of hotels, food & beverages, jewellery, and apparel. Of course it’s much bigger than that but it’s true that just three expenses take up most of the wedding budget of a family.
These are the venue, the jewellery, and the clothes. The big fat Indian wedding usually ends up draining even the fattest wallets. And this great news for companies in this industry.
After all, tens of millions of people all over the country, across economic strata, will buy everything needed for a perfect wedding. So it’s not surprising that wedding related companies in India listed on the stock market get a lot of attention during the ‘wedding season’. This begins around November and extends to April.
In this article, we will look at some of the top wedding stocks in India. No surprise here. Titan is usually the first company that comes to everyone’s mind when thinking about wedding stocks in India.
The company drives close to 90% of its revenue from it’s jewellery division. It sells jewellery through its brands Tanishq, Zoya, Mia, and CaratLane. The company's watches also see strong demand as a popular gift during the wedding season.
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