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Rise in gold prices to restrain jewellery consumption growth to 6-8% in FY2025: ICRA

Gold prices rose 14% in FY24 on a YoY basis, and the current prices are higher by 19% over the FY24 averageBengaluru: Domestic jewellery consumption growth (in value terms) is expected to moderate to 6-8% in fiscal year (FY)...

Retail inflation eases to 11-month low of 4.83% in April

The central bank has projected the CPI inflation for 2024-25 at 4.5%New Delhi: Retail inflation eased to an 11-month low of 4.83% in April as prices of some kitchen items declined though overall food basket firmed up marginally, according...

Indian road logistics industry revenues to grow at 3-6% in FY2025: ICRA

The operating profit margins are expected to remain range-bound at 10.5-12.5 per cent in FY2025 as concerns on cost inflation persistNew Delhi: The Indian road logistics industry's revenue will remain range-bound and grow at a slower pace of 3-6...

Dhanteras gold demand likely to stay robust amid anticipated bull market

Compared to last year's Dhanteras, gold prices have jumped 22 per cent and silver prices by 21 per cent, respectivelyKolkata: A strong appetite for gold on Friday's Dhanteras is expected this year due to auspicious reasons and geopolitical concerns,...

Indian fashion retailers to witness revenue growth of 10% in FY24: Report

Following a 51% YoY (year-over-year) revenue growth in the fiscal year 2023, the fashion retail industry is anticipated to experience a slowdown in the current fiscal year due to inflationary pressures, according to ICRA Bengaluru: Demand pressures and inflationary headwinds are...

Organised jewellery likely to witness 12-15% growth in revenue in FY24: report

Icra expects industry growth to moderate to 8-10% YoY (in value terms) in FY24 with volume growth likely to remain constrained by expected volatility in gold prices amidst global macro-economic uncertainties and evolving domestic inflationMumbai: The organised jewellery retailers...

Top 5 QSR players in India to add 2,300 stores in FY2023-25: ICRA

The stores will be added with an estimated capex at around Rs. 5,800 crore (excluding refurbishment) for this period, twice that of the levels seen during the pre-Covid era, as per ICRAMumbai: The top five players in the domestic quick-service...

Scorching summer to boost AC volume by 15-20% this fiscal: Report

The Air Conditioner (AC) makers are expected to register an operating profit margin of 8.8-9.2% in FY24Mumbai: On the back of a record 26-28% volume growth in FY23, the air conditioner market is set to log in another healthy...

Fashion retail entities expected to see 45% revenue growth in FY23: ICRA

The sales growth will led by a pick-up in discretionary spending and normalisation of store operations, post-pandemic Bengaluru: Fashion retail entities are expected to witness an encouraging 45% year-on-year (YoY) increase in sales in fiscal year (FY) 2023, as per a...

Jewellery retailers to outpace industry growth: ICRA

Organised jewellery retailers’ revenue likely to grow by 20% year-on-year in the financial year 2023 and by 10% year-on-year in the financial year 2024New Delhi: Organised jewellery retailers in India may continue to outpace the industry over the medium term on...
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