Business Update: 03 and 9 Months ending Dec 2023
Key features:
- 24% YoY Revenue growth
- 9% volume growth in Gold and ~ 27% volume growth in Diamond jewellery
- The 9 months SSSG was 19%
- Stud Ratio: We have achieved consistent improvement in stud ratio (Diamond Jewellery as percentage of total turnover) . Our own showrooms achieved stud ratio performance of 13.2% (achieving 190 basis points growth over 11.2% of last year 9m) , while the blended ( own showroom and franchisee room) stud ratio was 11.0% (as against 9.7% for 9 months last year). The stud ratio was highest in North at 17.8% .
Shift from unorganised to organised sector playing really well. Decent SSSG and improvement in stud ratio.
Subscribe To Our Free Newsletter |