Betting platform -cricket zim vs pak __lovebet.com

Betting platform   >  News trends  >  India highlights

Betting platform

Source: Nanfang Daily Online Edition     time: 2022-06-25 07:15:40

Betting platform Reliable Baccarat website recommendation 188bet indonesia login,360 soccer lottery market,777 slot machine strategy,add customer service wechat give away bonus,animal line slot machine,asia casino,baccarat any pairs,baccarat fotaige,baccarat origin,baccarat website game collection,banker player live casino,beauty blogger fan real person,bet sports main page,Betting odds loopholes,betway void bet,bodog 888 platform,bomao agent account opening,buy foreign soccer lottery deductions,candy party diansha,can't buy soccer lottery online,casino 14 day weather forecast,casino mentor,casumo facebook,chess f pawn,classic rummy free download,cricket book arlott,cricket video live,crown three cards mobile version,dafa888 betting official download,dafa888 website cannot be open,dezhou galaxy bay yujin,download sports app address,electronic entertainment platform mixing,electronic gaming slot machine wholesale,esports olimpiadas 2021,everlast city,fishing master real money card game,football lottery 2 balls half market,football lottery exclude wanbo,football lottery odds statistic web,football lottery quiz win, draw or loss,football lottery website collection,formal online purchasing soccer lottery,fruit slot machine with train,g sports himatnagar,galaxy electronics pangshaoxi,galaxy jiule mobile account opening,galaxy yuhuo 3 official website,gaming hall slot machine technique,give away bonus lottery web 1,golden sand casino chairman,got niuniu slot machine,h football logo,happy niuniu gambling,hong kong jockey club mark six color book,how many times does galaxy account open,How to play Baccarat Five Star Honghui,huangshi online casino,integrate experience gold,Is online baccarat fake?,jh football agent,jinmujin blue shield baccarat ,junyi real people sign up,laoqianzhuang alternate url,lele betting bar,lianhuanduobao 91,lianhuanduobao pulling the jackpot,lisboa account opening application 42,lisboa mingmen card game,live casino free parking,live roulette ireland,lottery au jackpot,lottery yesterday night,lovebet careers,lovebet new customer offer,lovebet yeovil,ludo king game download 2020,macau betting share limited,macau galaxy houzhuima,macau golden sand online gambling withdrawal,macau live mobile version,macau rolling account opening,macau the venetian online account opening,manbetx customer end download,mg electronic gaming loopholes,miracle real people sign up,mr billion mr url,new account give away bonus,niuniu app promo,nuoke card games official website,online betting buying code,online casino zahlt nicht aus,online game free,online poker american,online slots canada reddit,palnet casino official website,phoenix galaxy electronic,poker discord bot,pool rummy year,pt slots technique crack tutorial,quanxunwang999,real money card game website,real people baccarat technique,real person entertainment kakawan,ribowang,rule exponent zero,rummy upi,sanfenfu lottery 3d agents join in,shengshi international soccer account opening,side bet football lottery technique,slot machine app,slot machine gaming machine startegy,slot machine strategy reddit,slots vaccine,soccer lottery expert prediction software,soccer lottery single session don't have 1x2,sports betting company ranking collection,sports lottery website recommendation not correct,sportsbook vegas online,ta pokerowa twarz tekst,texas holdem live,the most formal online casino,the venetian permanent url,tianzhuang online casino,try electronic games online,video chess games,wangbo slot machine baicai,weishiding international card game,what software football lottery,Which website is better for cash Sic Bo,world largest betting company,xfinity live casino philly,xinluo real people sign up,yifa entertainment,yongli real money direct selling,zhangjiajie galaxy electronic ,Gold jewellery consumption likely to grow 11 percent in FY23: Report

  


  

Betting platform

  Gold jewellery consumption likely to grow 11 percent in FY23: Report

Gold consumption, jewellery retail industry, Akshaya Tritiya, gold jewellery retail industry, covid1
Image Source : FILE PHOTO

Gold jewellery demand in the fourth quarter too was better than expected, with a limited impact of the third wave on store operations.

Highlights

  • India's gold jewellery demand is likely to grow steadily at 11 percent during FY23
  • Revenues of organised retailers are likely to grow at a higher pace of 14 per cent
  • The pace of addition may gain further momentum in the coming quarters

India's gold jewellery demand is likely to grow steadily at 11 percent during the current financial year due to strong retail performance last year, according to a report. Within the jewellery retail industry, revenues of organised retailers are likely to grow at a higher pace of 14 per cent, backed by their aggressive store expansion plans and a gradual shift from the unorganised segment towards the organised one, Icra Ratings said in a report.

“Demand during the current Akshaya Tritiya season is expected to be strong, leading to a healthy demand growth of around 45 per cent Y-o-Y in the first quarter of FY23. Growth for FY23 is expected at 11 per cent for the industry, despite a high base witnessed in FY22, driven by the anticipated steady wedding and festive purchases during the current fiscal, given Indian consumer's strong cultural affinity towards gold," Icra Senior Vice President and Group Head Jayanta Roy said.

Interestingly, at the forecasted level, gold jewellery demand in FY23 would be almost 40 per cent  higher than the levels seen in FY20, he added. The Icra report further stated that the jewellery retail sector is estimated to have grown at a robust 26 per cent in FY22, driven by the strong demand recovery witnessed post the second wave of COVID-19 in the first quarter of 2021-22.

This was despite a sharp increase in gold prices, which resulted in some postponement of purchases for weddings and other occasions towards the end of the fiscal, the report observed. Consumption in FY22 was spurred by a pent-up demand in the second quarter and healthy festive and wedding demand driving record sales in the third quarter.

Further, gold jewellery demand in the fourth quarter too was better than expected, with a limited impact of the third wave on store operations.

For FY23, revenues are expected to grow at a steady pace of 14 per cent driven primarily by anticipated store expansions, it said. Post the healthy levels seen in FY20 and FY21 on the back of inventory gains, operating profitability in FY22 are estimated to have witnessed some moderation because of lower contribution levels and an increase in operating costs.

Nevertheless, the report estimated that the margins of organised retailers were higher than the average levels seen over the last decade, and are expected to stabilise at around 7-7.5 per cent over the medium term. With jewellery demand witnessing a healthy growth, organised players had re-initiated their expansion plans in FY22.

The pace of addition may gain further momentum in the coming quarters, with the total store count likely to increase by more than 10 per cent in the next 12 months. “Revenue growth at around 14 per cent for the large organised players is likely to outpace the industry growth in FY23, backed by an expected increase in store count by more than 10 per cent in the next 12 months and the continuing shift towards organised players witnessed in the recent past," Icra Vice President and Co-Group Head Kaushik Das said.

Supported by growing share of studded jewellery and better operating leverage, the operating margins for organised players are likely to stabilise at around 7.5 per cent in FY23, he said. "While the retailers' debt levels have increased in the recent quarters to fund store expansions and associated inventory requirements, steady growth in earnings would support the coverage metrics and the capitalisation levels, which are likely to remain at comfortable levels,” he added.

ALSO READ | Markets continue to fall for second day; Sensex declines 85 points, Nifty ends above 17,000

ALSO READ | India's manufacturing sector sees faster growth amid high inflation in April: PMI

Latest Business News



Relevant reports:Free registration funds for betting
Relevant reports:live casino patti labelle
Relevant reports:ipl match
Relevant reports:Online betting and entertainment recommendation network
Relevant reports:genesiscasino zone
Relevant reports:Not many people lose money in Baccarat
Relevant reports:lovebet sh casino
Relevant reports:Are online casinos credible?
Relevant reports:live blackjack card games
Relevant reports:Football backstage
Relevant reports:dh football
Relevant reports:5d chess
Relevant reports:what are the rules of rummy
Relevant reports:Are there any books about baccarat
Relevant reports:texas holdem regler
Relevant reports:poker tra amici
Relevant reports:leovegas hotline deutschland

【font:large in Small
Copyright: South News Networkindia icp ready 05070829 website identification code 4400000131
Sponsor: Nanfang Newser Network co sponsor: Provincial Economic and Information Technology Commission contractor: Nanfang news network
1024 is recommended × Browser with 768 resolution above IE7.0