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Tag: stare

Organised jewellery retailers stare at halving of revenue growth

Revenue growth of organised jewellery retailers is set to slide 500-600 basis points (bps) to 5-6 percent over fiscals 2020and 2021, following triple headwinds of higher import duty, elevated gold prices, and sluggish demand. That’s half the compound annual growth rate (CAGR) of 12 percent seen in three fiscals through 2019, an analysis of 44 CRISIL-rated …

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