Jewellery Retail

Jewellery retailers are demonstrating resilience and strategic maneuvering amidst fluctuating market conditions. Senco Gold reported a record ₹1,997 crore in Q4 revenue, fueled by a strong performance in gold exchange and a 45% year-over-year increase, alongside a proposed 20% dividend. Simultaneously, Kalyan Jewellers is strengthening its US subsidiary's capital structure by converting inter-company loans to equity, while Manoj Jewellers is pursuing a ₹1,800 lakh rights issue to bolster its financial position. These developments, alongside executive leadership changes at Shringar House of Mangalsutra, suggest a sector adapting to both internal growth initiatives and external economic pressures, with an eye toward expansion and balance sheet optimization.