There was strong demand recovery in the third quarter of FY21 due to the festive season, pent-up wedding demand, and a 10 percent correction in gold prices during festival period from its peak in last August, said India Ratings in a report on Thursday, revising the sectoral outlook to stable from stable-to-negative.Retail jewellers likely to sustain recovery with 30-35% growth in FY22, outlook stable: Report
There was strong demand recovery in the third quarter of FY21 due to the festive season, pent-up wedding demand, and a 10 percent correction in gold prices during festival period from its peak in last August, said India Ratings in a report on Thursday, revising the sectoral outlook to stable from stable-to-negative.
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