Wedding gold demand holds as jewellers pivot to lighter designs; Senco sticks with 20-25% FY27 growth guidance
Indian jewellers report resilient bridal demand despite a 15% import duty hike, with consumers trading down to 9kt/14kt/18kt lighter-weight pieces. Senco Gold reiterates 20-25% value growth guidance for FY27, while overall gold imports may moderate 10-15% as price sensitivity bites.
Indian jewellers expect wedding gold demand to stay resilient despite 15% import duty hike, with consumers shifting to lighter-weight designs. Senco maintains 20-25% FY27 value growth guidance, though imports may moderate 10-15%.