Revenue of organised gold jewellers to rise 16-18% in FY24
Sustained high gold prices are likely to hike revenues of organised gold jewellery retailers by 16-18 per cent this fiscal, a report said on Thursday
Impact of High Gold Prices: Minimal Volume Growth Expected in FY24
The surge in gold prices is anticipated to have a dampening effect on the demand for gold jewellery, leading to minimal volume growth for organised gold jewellery retailers in the fiscal year 2023-24 (FY24).
Crisil: Revenue of gold jewellery retailers set to rise 12%-15% next fiscal
This will follow a strong revenue growth of 20-22% expected in FY22, albeit on a lower base of the pandemic-impacted previous fiscal
Promotional schemes and new store openings could propel 10-11% growth in retail jewellery sector
This is based on an analysis of 50 CRISIL-rated jewellery retailers, which together account for about half of the revenues of the organised jewellery retail market in India
Gold Jewellery Demand Growth Predicted At 6%-7%: ICRA
The regulatory measures are expected to continue to accelerate the formalisation of the sector, and the market shares of organised players are accordingly expected to increase, says the report.
GST puts organised jewellery retailers on a strong platform
Credit profiles of organised players to witness gradual recovery over the medium term.
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