The top executive expressed optimism about the company’s development after a strong performance in the December quarter. According to Chauhan, the company is now aiming to focus on the adjustment of inventory and ticket size.
“The demand for our customers changes based on gold rates. For example, if a person had purchased a 5-gram series for the first 40,000 rupees, now their budget can go up to Rs 50,000, so they would choose the option of a 4-gram chain instead, ”he said.
He said that an increase in the price of gold has resulted in a decrease of 10% in the average ticket size.
Major jewelery designers and suppliers are changing their models so that India and globally are able to produce stuffed collections to meet their customers’ diverse requirements.
“We designed for customer needs. Some of our customers have 300-400 stores worldwide. We read that in Andhra, customers have different tastes, Karnataka have different tastes, there are different tastes above, and Delhi have different tastes … ”, he said, India said, India In, design preferences vary every 200 kilometers.
Chauhan further said that the company meets these requirements with the help of his team of 150 designers working on the models and preferences of customers in various states.
“If a customer has 300 stores in India, we are available in every store,” he said.
Sky Gold has a 1,050 kg construction facility with a monthly gold processing capacity in Navi Mumbai. It design and manufactures 22-carats and 18-carat gold jewelery for leading corporates in the region.
Sky Gold shares decreased by 3.25% at Rs 338.95 at Rs 338.95 on NSE on Wednesday, at 22,932.9 compared to benchmark Nifty 50, 0.05% below.
(Tagstotransite) Sky Gold Limited (T) Bqfree (T) BQMETERED
