Naveen Trivedi's top stock picks from jewellery sector

economictimes.indiatimes.com:

«If you look at in FY19, this number was more around 20 per cent and if you go back to 2007, it was in single digit sort of a number. So, thereby if you look at there has been a consistent shift towards the formalised market and there is a reason also,» says Naveen Trivedi, MOFSL.

Jewellery sector category is growing. What are the tailwinds which you see and what are the prospects of this sector in the medium to long term in your view?
Naveen Trivedi: With respect to the category size, this is a large market with the revenue size of around 6,40,000. If you look at the mix between the organised or you say formalised market that stands to around 36% to 38% sort of a band.

If you look at in FY19, this number was more around 20 per cent and if you go back to 2007, it was in single digit sort of a number. So, thereby if you look at there has been a consistent shift towards the formalised market and there is a reason also.

Unlock Leadership Excellence with a Range of CXO Courses

If you look at the kind of consumer experience which is there at the store, the kind of SKUs, assortment and if you look at the kind of standard mix which is there with respect to the top brands which they are offering to the consumers along with the trust which is there in the channel side that has built up and thereby the entire store expansion story has