Jewellers and fashion retailers anticipate a demand boost during the festive and wedding season due to a good monsoon and agricultural cash flow.

Jewellers and fashion retailers hope for demand boost during festive and wedding season due to subdued discretionary spending. A good monsoon is expected to provide cash to those in agricultural sector, aiding consumption. Though some consumption growth was seen in March quarter, a full demand recovery is anticipated. Mass segment is impacted due to economic pressures, while premium segment continues to perform well.

June 28, 2024
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