Titan Achieves $1 Billion Jewelry Sales In Q2 Fy24
Our survey results present that products lighter than 10 grams have made the largest contribution to H1 income for retailers . Since lighter merchandise naturally have a decrease per-unit ticket price, we will draw the conclusion that they have a notably larger turnover ratio than heavier ones. The Indian retail jewellery industry is predicted to witness a 10-12% progress in domestic jewelry consumption for FY2024, revised up from an earlier estimate of 8-10%, pushed by the rise in gold costs. However, ICRA projects a moderate progress rate of 6-8% in H2 FY2024 due to tepid rural demand amid persistent inflation.…