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Jefferies adds Meesho to model portfolio on India’s gold-led consumption upside

Jefferies says higher gold prices could boost Indian consumption through household wealth and gold-loan monetisation. It added Meesho to its model portfolio for mass-market discretionary exposure, while identifying Titan and Kalyan Jewellers as potential beneficiaries.

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Reported figures

From the report. Source details below

Indian household gold holdings: approximately $4 trillion
Gold loans estimated at $199 billion as of March 2026

Also in the report

  • Gold holdings are roughly 4 times household stock investments
  • Gold prices above $4,000 per ounce for about a year
  • A 10% gold-price increase could add approximately 80 basis points to GDP growth/spending
  • Approximately 15% of household gold holdings are monetised

The source

Source Read the source at NDTV Profit Published

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