Representative image Mumbai: Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company’s profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a…
Abhineet Singh, Cofounder, VegNonVeg Streetwear brand VegNonVeg is eyeing to close FY25 with Rs 175 crore revenue, Abhineet Singh, co-founder, VegNonveg told ETRetail in an interaction. The brand, which clocked Rs 85 crore last fiscal, is aiming to close this fiscal with Rs 110 crore in revenue. “With the new doors opening and focus on…
Representative Image India’s diamond exports to the US have fallen amid a slump in demand following the Federal Reserve’s decision not to cut interest rates, which traders said dampened consumer sentiment. Purchasing power of US consumers remains muted as interest cost stays high, they said, although the holiday season saw a short-lived uptick in sales….
Despite gold prices reaching new highs in 2023, silver – which is often called the sister metal of gold ended flat in the international markets. It started well in the first quarter, but multiple catalysts affected its fundamental outlook and suppressed prices in a tight range throughout the previous year. But in the domestic market,…
Consumer discretionary major Titan on Thursday reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs…
representative image India’s gold consumption in 2023 dropped by 3% from the previous year to 747.5 tonnes, according to World Gold Council (WGC) data, as price increase dampened jewellery sales. Demand for gold jewellery in 2023 dropped by 6% to 562.3 tonnes compared with 2022, WGC data released on Wednesday showed. The year, however, saw…
Representative image. San Francisco: Fossil Group has announced to stop making smartwatches and the Gen 6 series will be the last of its wearable devices. Fossil has been one of the most prolific makers of Wear OS smartwatches over the years, reports The Verge. “As the smartwatch landscape has evolved significantly over the past few…
Representative image. After clocking a positive export figure in November this year, the lab-grown diamond (LGD) exports are again back in red in December despite prices falling by 45 percent in the current fiscal year. Exports of polished lab-grown diamonds for the period Dec 2023 stood at US$ 83.51 million and showed a decline of…
Senco Gold and Diamonds Kolkata-based Senco Gold & Diamonds on Friday announced that it has become the first Indian jewellery brand to join Open Network for Digital Commerce (ONDC) Network. Through this maiden integration, Senco Gold and Diamonds extensive catalogue will be available across various shopping apps within the expanding ONDC Network, facilitating smooth and…
ZURICH: Cartier owner Richemont enjoyed a surge in sales in China in its latest quarter, signalling on Thursday the resilience of the high end of the luxury market and sending shares of the Swiss watch and jewellery maker sharply higher. China’s cooling economy and ongoing property crisis have been a worry for the sector which…
