The organised jewellery retailers are expected to clock 12-15 per cent revenue growth in 2023-24, mainly aided by expansions planned by a majority of large players. Organised jewellers are expected to record revenue growth of 12-15 per cent in FY 2023-24 despite a high base and evolving macro-economic environment, against the expected industry growth of 8-10 per cent YoY. Sector specialist expects industry growth to moderate  8-10 per cent YoY (in value terms) in FY23-24 with volume growth likely to remain constrained by expected volatility in gold prices amidst global macro-economic uncertainties and evolving domestic inflation. Nonetheless, the strong cultural affinity of Indians to gold is likely to support festive and wedding demand for gold jewellery. (ICE NEW DELHI)

Fonte notizia: The Economic Times