Business Strategy Update

Uday Jewellery Industries Limited has announced three key business developments aimed at enhancing operational efficiency and expanding market reach:

1. Job-Work Model Implementation

  • The company is developing a job-work model for large customers where customers will supply the gold
  • Uday Jewellery will manufacture the jewellery and be compensated for manufacturing services
  • Expected benefits: Lower gold inventory requirement, improved working capital efficiency, and higher overall capacity utilisation

2. New Product Focus Area

  • Introduction of lightweight plain gold jewellery as a new focus area
  • This expansion aims to create a wider product portfolio
  • Addresses growing demand in the lightweight plain gold jewellery category
  • Complements existing gemstone-studded and CZ-studded collections

3. Corporate Supply Tie-ups Exploration

  • Exploring supply tie-ups with a few large corporate clients for jewellery products
  • Discussions are at preliminary exploratory stage
  • No definitive agreement, MoU or binding commitment has been executed
  • Company will keep exchanges and shareholders informed as required

Management Commentary

The management emphasized the company's core strength in design and manufacturing capability built over four generations, backed by in-house CAD/CAM, 3D printing and laser engraving technologies. The developments aim to leverage these capabilities more efficiently across a wider range of products.

Company Background

Uday Jewellery Industries Limited is a Hyderabad-based manufacturer and B2B supplier of:

  • Natural gemstone-studded fashion jewellery
  • Polki diamond studded bridal jewellery
  • Part of the Sanghi Global Group with legacy dating back to 1905
  • Managed by fourth-generation jewellery professionals
  • Combines Hyderabadi Nizami design tradition with modern manufacturing
  • Product range includes rings, earrings, bracelets, bangles, necklaces and choker sets
  • Serves organized retailers across India with exports to UAE and USA since 2018

Forward-Looking Statements Disclaimer

The release contains forward-looking statements subject to various risks and uncertainties including but not limited to: success of investments, earnings fluctuations, growth management, strategy implementation, currency changes, intense competition, client concentration, and general economic conditions.