Motisons Jewellers Limited is a prominent jewellery retailer and exporter based in Jaipur, India. Established in October 1997 as a partnership firm, it transitioned into a Public Limited Company in May 2011. Since its inception in Jaipur's business landscape in 1998, Motisons has grown to become a renowned brand not only locally but across the country, specializing in a diverse range of exquisite jewellery.
The company is led by its Managing Directors, Mr. Sandeep Chhabra and Mr. Sanjay Chhabra, who are experienced entrepreneurs with over two decades in the jewellery industry. Their vision has been instrumental in elevating the brand within the retail sector, making it a significant player in the Indian jewellery market.
Motisons Jewellers offers a wide and diverse product portfolio that includes diamond, polki, gold, temple, and Italian jewellery. Beyond these, the company also provides jewellery crafted from earth, silver, platinum, precious and semi-precious stones, other metals, gold and silver coins, utensils, and various artifacts. With over 300,000 designs, their offerings span traditional, modern, and combination styles across various jewellery lines.
A significant portion of their product line consists of handcrafted jewellery, designed in-house in close collaboration with skilled local craftsmen from across the country. The company caters to a broad spectrum of occasions and preferences, offering personal milestones jewellery, fashion jewellery, festival jewellery, wedding jewellery, daily wear jewellery, and men's jewellery. Their collection includes a variety of options such as rings, earrings, pendants, bracelets, necklaces, chains, waistbands, and bangles. Additionally, they sell costume jewellery and utensils made of silver and gold.
Motisons Jewellers operates four company-owned stores strategically located across Jaipur. The first and famously known "Traditional Store" is situated in the bustling Johri Bazaar, at the heart of the city. The flagship store, Motisons Tower, commands a presence on the high street of Tonk Road, Jaipur. The most recent outlet is located in the affluent Vaishali Nagar neighbourhood, in the southwestern part of Jaipur. This strategic placement ensures broad accessibility to its customer base within the city.
As of July 7, 2025, Motisons Jewellers Ltd (MOTISONS) commands a market capitalization of ₹2,092.96 crore. The company operates within the Consumer Discretionary sector, specifically under Precious Metals, Jewellery & Watches, highlighting its niche in the luxury and lifestyle segment. The company has demonstrated robust financial performance with consistent growth in revenue and profitability.
Q4 FY2024-25 Performance (March 2025):
- Sales: Rose 1.77% to ₹118.75 crore, compared to ₹116.68 crore in Q4 FY2023-24.
- Net Profit: Increased by 3.24% to ₹11.14 crore, against ₹10.79 crore in Q4 FY2023-24.
FY2024-25 Annual Performance:
- Sales: Rose 10.88% to ₹462.11 crore, compared to ₹416.76 crore in FY2023-24.
- Net Profit: Increased significantly by 33.94% to ₹43.17 crore, against ₹32.23 crore in FY2023-24.
Q3 FY2024-25 Performance (December 2024):
- Sales: Rose 17.93% to ₹145.30 crore, compared to ₹123.21 crore in Q3 FY2023-24.
- Net Profit: Increased by 41.93% to ₹15.30 crore, against ₹10.78 crore in Q3 FY2023-24.
Q2 FY2024-25 Performance (September 2024):
- Sales: Rose 21.30% to ₹109.34 crore, compared to ₹90.14 crore in Q2 FY2023-24.
- Net Profit: Increased by 100.77% to ₹10.40 crore, against ₹5.18 crore in Q2 FY2023-24.
- Market Capitalization: ₹2,092.96 crore (as of July 2025)
- Promoter Holding: 66.00% (as of March 2025)
- 52-Week High: ₹33.80
- 52-Week Low: ₹14.02
- P/E (Price-to-Earnings) Ratio: 48.49
- P/B (Price-to-Book) Ratio: 6.38
- 5-Year CAGR Profit Growth: 68.7%
- Debt Status: The company has reduced its debt, strengthening its financial position.
Motisons Jewellers was granted its Certificate of Incorporation on May 9, 2011. The company's Initial Public Offering (IPO) saw an overwhelming response, being oversubscribed by 159.6 times. The share price band was set at INR 52-55, raising INR 151.09 crore. The IPO was successfully listed on BSE and NSE on December 26, 2023.
Recent Stock Developments:
- Stock Split: A record date of November 9, 2024, was set for a stock split. This move aims to enhance the liquidity of the company's shares, make them more affordable for small investors, and broaden the company's investor base.
- Promoter Lock-in Expiry: On June 30, 2025, Motisons Jewellers' stock surged by 7.05% following the end of a 19.7 million share promoter lock-in period.
Motisons Jewellers places a high emphasis on quality and authenticity. Diamond jewellery is certified by reputable agencies such as IGI (International Gemological Institute), GIA (Gemological Institute of America), and IDT. Gold and silver jewellery products are hallmarked by BIS (Bureau of Indian Standards), ensuring adherence to national quality standards. Additionally, internal certifications are provided based on specific customer demands, reinforcing their commitment to quality and customer satisfaction.
The company's management is led by its promoters, Mr. Sandeep Chhabra and Mr. Sanjay Chhabra. Mr. Sandeep Chhabra serves as the Promoter, Chairman, and Whole Time Director, while Mr. Sanjay Chhabra holds the position of Promoter and Managing Director. Promoter holding in Motisons Jewellers Ltd has remained stable at 66.00% as of March 2025, consistent with June 2024 data, indicating strong confidence from its founders.
Motisons Jewellers Ltd represents a well-established jewellery retailer with a strong presence in Jaipur, demonstrating consistent growth in revenue and profitability. With over two decades of industry experience and a diverse product portfolio spanning traditional to contemporary jewellery designs, Motisons Jewellers has positioned itself as a significant player in the Indian jewellery retail market, backed by strong financial metrics and strategic initiatives.
