Key Points
The Aditya Birla Group, a conglomerate with business interests spanning metals and cement to financial services and fashion, is now entering jewellery sector where other big players are already present such as Tata Group with its Tanishq brand and Mukesh Abani's Reliance with its Reliance Jewels, besides other national chains such as Kalyan Jewellers and Joyalukkas...
Indriya, the Aditya Birla Group's jewellery brand, will simultaneously open four stores in three cities - Delhi, Indore and Jaipur - and expand to more than 10 cities within six months..
Aditya Birla group chairman Kumar Mangalam Birla has said the brand will be among the top three national players over the next five years, The group has allocated an investment of Rs 5,000 crore for building the new-age jewellery business...
Organised gold jewellery retailers are expected to clock 17-19 per cent year-on-year revenue growth in 2024-25 while volume growth is likely to stagnate due to rising gold prices, a CRISL report said in May..
With very few wedding dates in July, demand for gold jewellery did not pick up in the first half of July either, although some jewellers said certain markets saw sporadic sales increases due to the Rath Yatra festival, an auspicious event in the Hindu calendar...
