The jewellery market is expanding at a robust rate of 15%-16%, expected to reach INR 145 billion by 2028.
The organized segment is growing at 18%-19%, driven by rising disposable incomes and improved consumer experiences.
#skygold #sencogold
The organized segment is growing at 18%-19%, driven by rising disposable incomes and improved consumer experiences.
#skygold #sencogold
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🚨 #SkyGold 270cr fund raise done to expand inventory, R&D and expansion into diamond jewellery and 18-carat segment🔥
🚨#SkyGold 270cr fund raise done from Motilal Oswal, Kotak Mahindra and Bank of India at Rs.2702/share
Stock hit 5% LC today because fund raise happened at 5% discount to QIP floor price. Short term can't say, long term 👌👍
🚨#SkyGold 270cr fund raise done from Motilal Oswal, Kotak Mahindra and Bank of India at Rs.2702/share
Stock hit 5% LC today because fund raise happened at 5% discount to QIP floor price. Short term can't say, long term 👌👍
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🚨#SkyGold 🔥plans to onboard Titan by March 2025 - MD & CFO Mangesh Chauhan
We are expecting to sustain gross margins up to 6% in the next few years. But PAT margins will increase 0.5% as we are about to save our finance cost by moving our debt to gold metal loans. So we are targeting our PAT margins to move up to 3.5%,” he said.
“The December quarter I think will be tremendous for corporates and manufacturers like us who supply to the corporates. The growth is expected to be at 25–30% at the retail levels,” he said.
The gold jewellery manufacturer is also looking to expand outside India and has already marked its presence overseas in markets like Dubai, Singapore, and Malaysia.
We are expecting to sustain gross margins up to 6% in the next few years. But PAT margins will increase 0.5% as we are about to save our finance cost by moving our debt to gold metal loans. So we are targeting our PAT margins to move up to 3.5%,” he said.
“The December quarter I think will be tremendous for corporates and manufacturers like us who supply to the corporates. The growth is expected to be at 25–30% at the retail levels,” he said.
The gold jewellery manufacturer is also looking to expand outside India and has already marked its presence overseas in markets like Dubai, Singapore, and Malaysia.
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