After a pandemic-marred fiscal 2021, the organised gold jewellery sector in India witnessed healthy recovery in the last two fiscals.
This fiscal too, CRISIL Ratings expects revenues for the sector to continue its double-digit growth story, mainly driven by higher realizations for gold retailers, given higher gold prices.
Besides, organized gold retailers, aided by continuing store expansion, will continue to benefit from a shift in consumers from the unorganised segment.
We also believe omnichannel strategies will continue.Operating profitability is also expected to remain largely range bound for gold jewellery retailers with marketing spends remaining high, to drive consumer spend.
Are inventory levels expected to rise, considering expansion plans? What will be the impact on credit risk profiles of gold jewellery retailers?
To discuss these aspects, CRISIL Ratings is hosting a webinar on October 31, 2023, at 3 pm, titled, 'Evaluating the shimmer', where our experts will delve into:
Demand trends and drivers in the gold jewellery sector
Outlook on the revenue and profitability of CRISIL Ratings rated gold jewellery retailers
Store expansion & capital spend trends, and credit outlook
The presentation will be followed by a panel discussion with sector experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
