'The organised sector has been experiencing strong tailwinds'

With changes in consumer preferences and a major shift towards online business along with expansion in the Middle East, Kalyan Jewellers has posted strong revenues, informs Executive Director Ramesh Kalyanaraman in this exclusive interview

What is your outlook on the Indian jewellery and diamond sector? Are there any emerging trends being witnessed among consumers?

Given the dynamic market and the uncertain times, consumers in India have renewed their interest in jewellery since they have always looked at gold as a safe and attractive long-term asset. Diamond jewellery never goes out of trend. There is a growing demand among the next-gen consumers preferring superior quality products with impeccable craftsmanship. Last year, we witnessed a noticeable shift towards dual-tone jewellery such as rose gold and platinum or rhodium-finished gold jewellery. This year, we are seeing a growing design first sentiment among young shoppers, especially Gen-Z.

Kalyan Jewellers' consolidated revenue growth for Q3FY22 stood at 17 per cent as compared to the same period in the previous year despite a strong base. Which factors contributed the most to help you outperform?