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Jewellery sales volume will drop to 10-year low on high prices, hike in import duty
Despite the expected decline in volume, the sector is poised to achieve a robust revenue growth of 20-25% y-on-y, driven by higher realisations, as per Crisil Ratings report.
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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,…
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thehindubusinessline.com
Jewellery sales volume will drop to 10-year low on high prices, hike in import duty
Despite the expected decline in volume, the sector is poised to achieve a robust revenue growth of 20-25% y-on-y, driven by higher realisations, as per Crisil Ratings report.
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timesofindia.indiatimes.com
Gold demand may hit 10-year low in FY27
MUMBAI: Gold jewellery has not lost its sheen but it may be going out of reach for average Indians as high prices of the yellow metal are pushing people to spend less on new…
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Duty hike to push gold jewellery volumes to decadal low, but credit profiles seen stable: Crisil Ratings
Sales volume for the sector, comprising jewellery, coins and bars, is expected to decline 13-15% on-year this fiscal, after an 8% contraction last fiscal