Akshay Tritiya: Malabar Gold & Diamonds, Bhima Jewellers, and Kalyan Jewellers report strong sales
Jewellers from South India like Malabar Gold & Diamonds, Bhima Jewellers and Kalyan Jewellers have witnessed good demand during this year's Akshay Tritiya, which was on May 10.
Malabar Gold and Diamonds sold gold jewellery worth Rs. 1361 crore on Akshaya Tritiya this year, marking a 39 percent increase in sales over last year. Malabar Group chairman MP Ahammed said that high sales show that there has been no decline in people's response to gold, and the company maintains a great position as a responsible jeweller. «The company collects only responsibly mined gold and diamonds from legitimate sources. It transforms them into jewellery with no loss of purity. The brand ensures ethical, transparent, and professional business practices while maintaining its status as a responsible jeweller,» he said.
In its business update sent to BSE and NSE, Kalyan Jewellers said «We have been witnessing continued robust momentum in footfalls and revenue from the beginning of the current financial year. This traction has continued during Akshaya Tritiya, registering strong footfalls from existing as well as new customers across all the markets in India and Middle East resulting in robust retail revenue growth across gold and studded segments.»
«We have tracked revenue for the first 40 days of the current quarter to maintain a like-for-like comparison as Akshaya Tritiya was celebrated during the fourth week of April in the previous financial year, as opposed to in May this year. For the first 40 days of the quarter, we have
