Kalyan Jewellers Raffle Draw Results 2019
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Jewellers expecting lower gold prices, pent-up demand to drive sales this festive season
"The 3rd quarter of the financial year is one of the most important phases for the jewellery industry with the arrival of the festive season followed by peak wedding season. With gold prices dipping, the market response this Diwali is expected to be positive," according to Ramesh Kalyanaraman, executive director, Kalyan Jeweller.
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Kalyan Jewellers forays into digital gold space
With gold continuing to shine bright, and technology offering convenient solutions, Kalyan Jewellers Digital Gold powered by Augmont provides a safe, easy and reliable method of buying 24-Karat pure gold, digitally, a media release issued by Kalyan Jewellers said.
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Jewelers sell $1 gold online as Indians warm up to internet buys
Digital gold sales aren't new to India, with mobile wallets and platforms like Augmont Gold For All, and World Gold Council-backed SafeGold offering the product. Jewelers had so far shied away from selling such products online, restricting them to their stores as the bulk of purchases in India are still made in person.
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Onam set tone for better festive season sales, say top jewellery retailers
In Kerala, Onam is seen as the best occasion for presenting gifts to their dear and near ones. Gold is a favourite gift in Kerala during Onam and with prices comparatively lower than last year, jewellers had witnessed sales moving up during Onam. In August last year, gold had crossed Rs 57,000 per 10 gm mark while this August it was hovering around Rs 47,500 per 10 gm.
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Onam set tone for better festive season sales, say top jewellery retailers
In Kerala, Onam is seen as the best occasion for presenting gifts to their dear and near ones. Gold is a favourite gift in Kerala during Onam and with prices comparatively lower than last year, jewellers had witnessed sales moving up during Onam. In August last year, gold had crossed Rs 57,000 per 10 gm mark while this August it was hovering around Rs 47,500 per 10 gm.
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Kalyan Jewellers Q1 results: Loss narrows to Rs 51 crore; revenue grows 109%
The company's consolidated revenue grew by 109% in Q1FY22 compared to Q1FY21, primarily driven by robust sales momentum across stores both prior to and post lockdowns in the recently concluded quarter, as well as a low base in the last financial year. While the India revenue grew by 94%, Middle East growth was183%.
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Investors' Prize: Most of the cos that listed last year trade in the green
10 companies gain Over 100% from IPO prices. Around half of 38 stocks have gained at least 50%; Happiest Minds sizzles with 800% gain. Data compiled by ETIG Database show that out of the 38 companies that have listed on the main exchanges in the last one year, 34, or nearly 90% of them, are trading above their final offer prices. Happiest Minds Technologies has gained close to 800% over its issue price.
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Explained: Your gold buying drill has just changed for good & how!
According to brokerage ICICI Securities, out of the 4 lakh jewelers in India, only 40,000 are certified by the Bureau of Indian Standards. Additionally, only 40 per cent of the gold jewellery sold in the country is hallmarked for purity.
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Gold shines online this Akshaya Tritiya
Paytm Money witnessed a 30% year-on-year (YoY) value growth in digital gold sales on their platform this year. Paytm Money CEO Varun Sridhar said, "In the last three days, we have recorded 50kg of gold sales. The average ticket size has grown from Rs 1,600-1,700 to Rs 2,300-2,500 per transaction."
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Covid shadow reduces gold's glitter to a glow this Akshaya Tritiya, too
Demand was minuscule last year, when the country was in a lockdown on Akshaya Tritiya in late April. But consumer sentiment wasn't this bad, as there were very few Covid cases at the time, and many had booked gold over the phone or purchased it online. Whatever little bit of business is happening now, it is mainly through online platforms, jewellers said.
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Kalyan Jewellers to increase retail footprint by 13% in first quarter
While the brand has plans to scale up existing operations in the tier-1 cities, it will also focus on the tier-2 and tier-3 markets, with mid-size showrooms. In the tier-1 cities, Kalyan Jewellers has plans to launch a total of five new outlets including a flagship showroom.
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Kalyan Jewellers IPO subscribed 2.64 times
The high networth individual category was subscribed 1.93 times while the portion reserved for retail investors received bids of 2.85 times. Qualified institutional buyers (QIBs) segment was subscribed 2.79 times.
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Kalyan Jewellers Raffle Draw Results 2019
Source: https://economictimes.indiatimes.com/topic/Kalyan-Jewellers
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