Top 17 Players To Grab 42% Share Of Jewellery Market In 5 Years: Report

These jewellery chains—including Titan, PC Jewellers, Kalyan, Joyalukkas, Malabar Gold and Diamonds, GRT, P N Gadgil and Sons and Thangamayil—have a current share of 29 per cent and are growing at a CAGR of 11 per cent, although, the Rs 2.7-lakh crore jewellery market in India has recorded a flat growth between FY14 and FY18. This implies that there is a clear shift of business towards the organised trade as the jewellery chains have aggressively expanded their footprint by an estimated 2 million square feet in those years.

“We expect this Superpack jewellers to corner 42 per cent of the domestic market by FY23, underpinned by their aggressive expansion drive, design and increasingly competitive pricing vis-à-vis family jewellers,” said Jay Gandhi, AVP, consumer discretionary, HDFC Securities.

Reference:

1. Financial Chronicle , news dated Jun 22, 2018.
2. Sify.com , news dated Jun 22, 2018.
3. Business Standard , news dated Jun 30, 2018.