Best Gold Stocks in India in April 2025 – Based on 5Y CAGR

Gold has long been a prized asset in India, representing both prosperity and financial stability. In the past, investments in gold were primarily confined to physical forms like jewellery and bullion. However, with the emergence of modern financial instruments, investors now have the opportunity to invest in gold stocks, offering an alternative way to gain exposure to the precious metal’s market trends. This article delves into the top gold stocks in India in April 2025.

Best Gold Stocks in India in April 2025 – 5yr CAGR Basis

Note: The list of best gold stocks has been selected based on the market cap of over 4,000 crore and sorted based on 5Y CAGR as of April 01, 2025. 

Overview of Best Gold Stocks in India

1. Sky Gold Ltd

Sky Gold Limited specialises in designing, manufacturing, and marketing gold jewellery. Operating under a B2B model, the company primarily supplies its products to mid-tier jewellers and boutique stores. 

In Q3FY25, Sky Gold achieved a major milestone by onboarding Aditya Birla Novel Jewels’ Indriya, showcasing its ability to handle large-scale premium projects. Additionally, the company is actively strengthening its distribution network in Singapore to enhance its export revenue.

Key metrics:

• Earning per Share (EPS): ₹6.71
• Return On Equity (ROE): 28.16%

2. KDDL Ltd

KDDL specialises in manufacturing watch components such as dials, hands, and precision engineering products under its brand, Eigen. 

In Q3FY25, the company’s Bracelet division delivered a strong performance, with expectations of further improvement. Additionally, precision engineering contributed 40% to the company’s revenue in Q3FY25 and 38% over the first nine months of FY25.

Key metrics:

• EPS: ₹176.92
• ROE: 70.84%

3. Goldiam International Ltd

Goldiam International Ltd specialises in manufacturing and exporting gold and diamond jewellery to global retailers. 

In Q3FY25, lab-grown diamond jewellery accounted for 80% of the company’s export revenue, a significant increase from 58% in Q3FY24. As of December 31, 2024, the company had an order book worth ₹1,750 million, which is expected to be fulfilled within the next 3-4 months.

Key metrics:

• EPS: ₹5.87
• ROE: 20.22%

4. Thangamayil Jewellery Limited

Thangamayil Jewellery Limited runs a network of retail jewellery stores across multiple districts in Tamil Nadu, which accounts for 40% of India’s total gold consumption. 

In FY24, the company achieved a record turnover of ₹3,82,678 lakhs, along with its highest-ever EBITDA profit exceeding ₹21,777 lakhs.

Key metrics:

• EPS: ₹42.11
• ROE: 22.39%

5. PC Jeweller Limited

PC Jeweller is involved in the manufacturing, sale, and trade of gold jewellery, diamond-studded jewellery, and silver products. The company operates across multiple geographical regions.

In Q3 FY25, PC Jeweller reported a revenue of ₹638.73 crore, up from ₹504.97 crore in Q2 FY25. The net profit for the quarter stood at ₹146.21 crore, compared to ₹178.97 crore in the previous quarter. 

Key metrics:

• EPS: ₹0.56
• ROE: 10.49%

Best Gold Stocks in India in April 2025 – 1 year Return Basis

Note: The list of best gold stocks has been selected based on the market cap of over 4,000 crore and sorted based on 1-year return as of April 01, 2025. 

Best Gold Stocks in India in April 2025 – Market Cap Basis

Note: The list of best gold stocks has been selected based on the market cap of over 4,000 crore and sorted based on the market cap as of April 01, 2025. 

Gold Demand in India

Total gold demand, including OTC investments, saw a 1% year-on-year rise in Q4, reaching a new quarterly high and contributing to a record annual total of 4,974 tonnes. Annual investment surged to a four-year high of 1,180 tonnes, reflecting a 25% growth. Gold ETFs played a crucial role, as 2024 marked the first year since 2020, where holdings remained largely stable, in contrast to the significant outflows of the previous three years. However, gold jewellery consumption declined by 11% year-on-year to 1,877 tonnes as buyers opted for smaller quantities. Despite this, overall spending on gold jewellery increased by 9%, reaching USD 144 billion.

Conclusion

Investing in gold stocks provides a strategic opportunity to gain exposure to the precious metals market while capitalising on the growth potential of mining companies. While gold is traditionally viewed as a safe-haven asset during economic volatility, gold stocks offer the added advantage of benefiting from operational efficiencies and expansion opportunities within the industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.