×
495
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Gadwal
Permanent · Gadwal
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
SHOP LUNE
Digital Marketing Specialist
Permanent · MUMBAI
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
Published
Sep 17, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gold jewellery sales should reverse trend of decline this fiscal: Crisil

Published
Sep 17, 2021

Gold jewellery sales are expected to grow by between 12% and 14% during the 2022 financial year and reverse two years of consecutive decline, thanks to stable gold prices and a move towards post-pandemic recovery.

Gold jewellery sales are expected to increase over the festive season, a traditional time to purchase


A rise in consumer spending on gold jewellery, especially for weddings and festive occasions, has driven growth in the market, ratings business Crisil announced on Thursday, the Economic Times reported. Jewellery businesses can also expect to see their operating margin return to pre-pandemic levels of between 6.5% and 7% thanks to a stabilisation of gold prices, among other factors, according to Crisil.
 
Following an investigation into 86 fine jewellery retailers, Crisil found that most are experiencing a recovery in revenue and a stable credit outlook. The decrease in domestic gold prices enabled Indians to purchase more jewellery and pent up wedding demand due to recent lockdowns also led to higher sales. 

“This fiscal, revenue of organised jewellers is also set to benefit from lower import duty, and introduction of mandatory hallmarking, which will make them more competitive compared with unorganised players,” Crisil Ratings’ senior director Anuj Sethi said in a statement, the Press Trust of India reported. 
 
“Lockdowns in many states were localised and less stringent, and hence store closures were lower compared to the first wave,” said Sethi.

“Besides, pent-up demand from weddings (55% to 60% of overall jewellery sales) and festivals in later quarters will help resurrect revenue, just as they did last fiscal.”

Copyright © 2021 FashionNetwork.com All rights reserved.