Jewellery Sales

In the past three months, the stock declined 9 per cent, as against 4 per cent rise in the S&P BSE Sensex.

A large number of tour operators have dovetailed their itinerary with this event

The board of directors of Titan is scheduled to meet on Friday, November 4, 2022 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2022

Analysts remain fairly optimistic on jewellery players as softening gold prices and the ongoing festive season makes a case for sustained demand momentum going forward

The other positives are lower gold prices, higher festive and wedding season sales, and market share gains

Industry wants relaxations to be notified at the earliest

The sales were hit only to a small extent until the third week of April, from the rapidly rising second wave of the pandemic, primarily due to the temporary store closures in some important states

Kalyan Jewellers on Thursday said it has witnessed a robust increase in consumer demand and seen revenue growth of nearly 60 per cent in its India operations in the fourth quarter ended March 31, 2021

Jewellery stocks: With gold prices bottoming out and demand facing headwinds, analysts expect volatility in the jewellery space to continue. That said, they stay optimistic on Titan & Kalyan Jewellers

Govt carified that any purchase of gold, silver, jewellery, or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as mandatory KYC document

The management said the company is working out its strategy to manage this crisis with particular focus on ensuring adequate liquidity is available till normalcy returns.

Other industry players oppose the proposal for a ban, say such a move would render thousands unemployed

World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well

Topline was flat aided by higher gold prices amidst 14% fall in volumes, PBT was down 3.7%; stock could see some pressure

Cash shortage encourages card transactions; 20-25% jump in sales likely over last year

Jewellers say the limit of Rs 50,000 too low, will meet Commerce Ministry official on Friday