22-25% revenue increase forecasted for Indian organized gold jewellery retailers due to reduced import duties.
A CRISIL report forecasts a 22-25% revenue increase for organized gold jewellery retailers in India this fiscal year, following reduced import duties announced in the July budget. This is a significant rise from the previous estimate of 17-19%. Although profitability may dip slightly, improved demand and lower inventory costs are expected to enhance working capital. The organized sector is poised for stronger performance compared to the unorganized sector, especially during the festive season.
September 09, 2024
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