Davies remained a reserve at the start of the 1921–22 season, during which the club initially struggled in the top tier. With Fred Pagnam having failed to score in 13 appearances, Davies was brought into the side in November and scored a brace during a 2–1 victory over Everton. He scored in his next two appearances and remained a regular in the first team for the remainder of the campaign. In December 1921, Cardiff rejected a £3,000 (around £140,000 in 2021) offer for Davies from a rival First Division club. He scored Cardiff's first hat-trick in the Football League on 21 January 1922 during a 6–3 victory over Bradford City. He was also prolific in the Welsh Cup, scoring four times against Newport County in the third round and adding a hat-trick against Merthyr Town in the fourth. In the final, Davies scored Cardiff's second goal as they defeated Ton Pentre 2–0. He finished the season as Cardiff's second highest scorer in the First Division with 17, 3 short of Jimmy Gill, but his scoring exploits in the FA Cup and Welsh Cup saw him out score Gill in all competitions.