A CRISIL Ratings analysis of 54 gold jewellery retailers, which account for 32% of the organised jewellery sector revenue released today says that organised gold jewellery retailers are set to clock 17-19% on-year revenue growth in fiscal 2025, driven by higher realisations stemming from elevated gold prices, while volume will remain steady. Retailers are likely…
Credit: Fortune India Exchange European premium luggage brand Delsey Paris is looking to make India a manufacturing hub, part of its global strategy to shift half its production out of Mainland China, global chief executive Davide Traxler said. India is among the fastest growing market for the French brand and currently accounts for 5% of…
Representative image It’s the beginning of the festive and wedding season. The one item Indians love to splurge on during this period is the yellow metal. The markets are decked up and sellers are offering incentives to lure customers at a time when gold prices are rocketing. Will they buy more or less when a…
Representative Image New Delhi: Revenues of Indian diamond polishers are expected to drop by 30 – 35 per cent year-on-year to USD 14-15 billion, said a recent report by Crisil Ratings. The slump in revenues is projected owing to the economic slowdown as key markets including the US, the European Union (EU), and China have…
Organised sector brick and mortar apparel retailers are expected to post 7-8% revenue growth this fiscal, buoyed by festival and marriage season demand, and despite inflation impacting discretionary spending in the first quarter. Continued store expansion, including to Tier II and III cities, will also help growth this fiscal and over the medium term.Despite the…
New Delhi: Revenue of the home textile industry is set to rise 7-9 per cent this fiscal after a 15 per cent fall last fiscal, as India regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major markets abroad, according to a Crisil report. The operating profitability will…
Representative Image New Delhi: Footwear sector revenue is expected to increase by 11 per cent, accompanied by a projected 4 per cent rise in volume according to a report by CRISIL Ratings. The operating margin is expected to grow by approximately 125 basis points to around 9 per cent due to lower raw material prices,…
Representative Image The Indian hosiery industry will stitch up revenue of Rs 36,000 crore this fiscal, 18-20% higher on-year, riding on a revival in rural demand. Operating margin will expand 300-400 basis points (bps) on softer input prices and improved capacity utilisations. A CRISIL Ratings analysis of 28 hosiery makers, accounting for a third of…
Representative Image India’s jute industry is set to see revenue fall 5-6% this fiscal because of lower exports, marking the second consecutive year of decline, according to CRISIL Ratings. However, domestic demand is expected to be stable. Operating margin is seen down 200-250 basis points to 5% as exports, which are more profitable, would be…
