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High gold prices, import duty hike to drag jewellery demand: Crisil
Indian organized gold jewellery retailers anticipate a 13-15% sales volume decline this fiscal due to high gold prices and import curbs. Despite this, robust revenue growth of 20-25% is expected, driven by higher realisations, leading to stable credit profiles.
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economictimes.indiatimes.com
High gold prices, import duty hike to drag jewellery demand: Crisil
Indian organized gold jewellery retailers anticipate a 13-15% sales volume decline this fiscal due to high gold prices and import curbs. Despite this, robust revenue growth of…
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Gold import duty hike threatens decade-low volumes for jewellery retailers in FY27, warns Crisil
The organised gold jewellery retail sector is set for a steep 13–15% volume decline to a decade low in FY27, driven by the governments import duty hike to 15%. Rising prices,…
