• Revenue and volumes: Recent performance was supported by both higher gold prices and positive volume growth due to strong seasonal demand across the quarters.
• Product design trends: Consumer preference is shifting toward lightweight, trendy mangalsutras in 18-carat and 22-carat, with the company co-developing these lines alongside large corporate retail partners.
• Gold hedging policy: Approximately 30% of inventory is directly hedged, with the business relying primarily on a natural hedging strategy due to rapid product turnover.
• Bridal segment expansion: Shringar has diversified into the bridal jewellery market to leverage its existing infrastructure and client base, having already commenced supplies to organized chains and unorganized retailers.
• Kandivali facility ramp-up: All production has moved to the newly operational Kandivali facility, where capacity utilization is actively rising and currently tracking above 70% to 75%.