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Jewellery consumption growth estimated at 10-12% in FY24, organised retailers to post revenue increase of 15-18%

Jewellery consumption growth estimated at 10-12% in FY24, organised retailers to post revenue increase of 15-18%
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Jewellery consumption to grow by 10-12% value-wise in FY24 amid rise in gold prices: Report

The domestic jewellery retail industry, in value terms, is expected to grow at 10-12 per cent during the current financial year on the back of elevated gold prices, credit rating firm ICRA said in a report. In the last financial year, the industry had grown by more than 15 per cent.ICRA said that demand volumes remained stable in the current festive season despite higher prices. ....

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Jewellery demand India: Domestic jewellery consumption likely to grow 10-12% in FY24: ICRA

The Indian retail jewellery industry is expected to witness a 10-12% growth in domestic jewellery consumption for FY2024, revised up from an earlier estimate of 8-10%, driven by the rise in gold prices. However, ICRA projects a moderate growth rate of 6-8% in H2 FY2024 due to tepid rural demand amid persistent inflation. ....

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