Senco holds 20-25% FY27 growth guidance as wedding gold demand shrugs off duty hike
Indian wedding buyers are trading down to lighter 9kt/14kt/18kt pieces rather than skipping purchases, keeping Senco Gold's 20-25% FY27 value growth target intact even as it flags 10-15% moderation in gold imports post the 15% duty hike. Dhirsons and Divine Solitaires echo the value-conscious pivot.
Indian wedding gold demand to stay resilient despite 15% import duty hike, though consumers shift to lighter-weight jewellery. Senco expects 10-15% import moderation but maintains 20-25% FY27 value growth guidance; Dhirsons and Divine Solitaires echo value-conscious trend.