Organised jewellers to sustain growth despite 80% gold price surge: Nuvama

Nuvama says organised jewellers will sustain growth despite 80%+ gold price surge, driven by wedding/festive demand. Consumers shift to lightweight, lower-carat (9k/14k/18k) pieces and old-gold exchanges. Recent duty hike to 15% may dent volumes 3-5% near-term.

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Source published First seen

Read the source at ET Small Businesseconomictimes.indiatimes.com

The numbers

import duty hike from 6% to 15%
  • old-gold exchanges ~50% of revenue

Why it matters for the brand

The duty shock and consumer trade-down to lower-karat pieces will pressure unorganised players' margins, opening a 2-3 quarter window to acquire regional jewellers or lightweight-design ateliers at compressed multiples.