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Organised gold jewellery retailers to post revenue growth of 17-19% in FY25, says CRISIL
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A CRISIL Ratings report forecasts 17-19% annual revenue growth for organised gold jewellery retailers in fiscal 2025, driven by higher gold prices. Retailers plan marketing efforts to counter demand moderation. Operating profitability may slightly decrease due to increased inventory. Organised retailers will continue gaining market share, with stable credit profiles despite rising working capital debt.
Benefiting from strong sales organised gold jewellery retailers are set to clock 17-19 per cent revenue growth in the current financial year 2024-25 according
Benefiting from strong sales, organised gold jewellery retailers are set to clock 17-19 per cent revenue growth in the current financial year 2024-25, according to the rating agency Crisil. It asserted that the projected revenue would be driven by higher realisations stemming from elevated gold prices, while volume remains steady.
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