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India’s Organised Jewellery Industry to Grow 17% in FY26: India Ratings

India’s organised jewellery industry is expected to grow by 17% in FY26, driven by strong wedding season demand and investment interest in gold, according to an India Ratings report. The sector's revenue growth is also supported by geopolitical uncertainties and gold's cultural significance. Organised jewellers are projected to see improved credit metrics with higher profit and better expansion models. Despite competitive pressures and rising costs, the sector’s market share is expected to rise from 40% in FY24 to 50% by FY29, with a focus on trusted brands, hallmarking, and original designs.




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