The Covid-19 pandemic has resulted in store closures in the first quarter of fiscal 2021 and severely curtailed discretionary spend, thereby adversely affecting demand for gold jewellery.
We expect the forthcoming festival and wedding season to stoke a gradual recovery in the second half of fiscal 2021.
Also, gold prices have risen sharply and are expected to partially offset the impact of weaker demand on revenues.
However, CRISIL projects a sharp fall in the revenues of gold jewellery retailers this fiscal, despite surge in gold prices.
Given the growth challenges, what strategies are players adopting to soften the blow?
How are they managing their working capital and limiting pressure on their credit quality?
To discuss these aspects, CRISIL is hosting a webinar covering:
Revenue outlook of gold jewellery retailers
Cost reduction strategies and profitability trends
Capital spending and new store expansion expectations
Credit quality outlook of gold jewellery retailers
The presentation will be followed by a panel discussion by industry leaders, and a Q&A session.
