National News
Pothys Swarna Mahal partners Salesforce for e-commerce
Pothys Swarna Mahal is building a hybrid e-commerce system on Salesforce Commerce Cloud. The portal, where customers can discover jewellery designs and complete purchases, is expected to be live in around two months time. This way, 20 per cent of its sales is likely to be through digital channels by FY30.
“In the jewellery industry, today more people want to check out the collections online before they come and buy in store. While majority of large ticket purchases will continue to happen at the store level, we need to have a portal where customers can check out our catalogue and make small ticket buys digitally,” said Ashok Pothy, Founder- Director – Pothys Swarna Mahal,. While Pothys’ textile business already sells via the online channel, the jewellery arm has not gone the e-commerce route yet.
Pothys Swarna Mahal also expects the e-commerce channel to boost their chit/gold savings plan business. “In the chit segment we have a lot of customers who have joined from other states. For these people once a chit reaches maturity they can even complete the purchase in the online route,” Pothy added.
The jewellery company has five stores across South India (4 in Tamil Nadu and 1 in Kerala). It is also on track to launch five more stores by next year. The Pothys group on a consolidated basis recorded revenue of around ₹5,200 crore in FY24 with industry analysts pegging the share of jewellery business at over 20 per cent.
The jewellery retailer has been using Salesforce’s customer service and marketing platforms-Service Cloud and Marketing Cloud- for some time now. The company generally receives roughly 20,000 queries per month via WhatsApp, and while opening tickets at any point of time used to be 5,000-6,000 before implementing Salesforce CRM, it now counts just about 500-600 open queries. Pothys is also evaluating the use of Salesforce products for the overall group. Responding to a query on whether the digital transformation indicates bigger plans, Pothys said that “there may be a plan for an IPO in the near future.”
National News
Brilliant Earth Reports 10% Sales Growth, Warns of Profit Pressure from Rising Tariffs and Metal Costs
Brilliant Earth’s revenue rose 10% year-on-year to $110.3 million in the third quarter, surpassing its projected growth of 8% to 10%, driven by continued strong consumer demand. The number of orders climbed 17% to 49,910, while the net loss narrowed by 37% to $672,000, reflecting improved operational efficiency.
The US-based jeweller raised its 2025 sales growth forecast to 3%–4.5%, up from its earlier outlook of 2.5%–4%. However, the company now anticipates its full-year adjusted EBITDA margin to range between 2% and 3%, revised downward from the previous 3%–4%, as rising metal and tariff costs are expected to weigh on profitability.
Brilliant Earth noted that while brand strength and consumer appetite remain robust, fluctuating input costs continue to present near-term challenges, particularly heading into the fourth quarter and holiday season.
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