Management Commentry on Results:
New facility has become operational in August 2023 which has a capacity of producing 750 – 800 kg per month and currently have achieved 60% capacity utilization.
Intend to grow revenue at 30% CAGR for upcoming years.
Want to expand product portfolio – doubling from current 3000 offerings to about 7000 per month by introducing new metals such as white gold, platinum and studded jewellery as well as foraying in new segments like mangalsutra, chains, antique bridal jewelleries etc.
Want to expand footprint beyond the domestic market to have meaningful export contribution from markets of SEA, MEA and USA.
Plan to double headcount of our inhouse design team from 100 to ~200-250.
The company also plans to add around 30,000 moulds every year. Moulds are used in the casting process of manufacturing jewellery.
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