ICRA Ratings estimates the gold jewellery demand in India to grow at a steady 11 percent during 2023. As per the recent research report published by ICRA, this comes on the back of a strong 25 percent growth witnessed by the industry in 2022. Within the jewellery retail industry, revenues of organised retailers are likely to grow at a higher pace by 14 percent, due to their aggressive store expansion plans and a gradual shift from the unorganised segment towards the organised one.
PCJ was incorporated in the year 2005 as a private limited company. Later on in 2011 the company was subsequently converted into a public limited company. PCJ is one of the very few listed jewellery companies of India. It is listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). PCJ had only one showroom in 2005, but as on date the brand has over 80 showrooms spread over 16 states and in 56 cities.
PCJ is known for manufacturing and retail of gold jewellery, diamond studded gold and silver jewellery, plain silver jewellery and silver articles.
VISION FOR 2025
This story is from the August 2022 edition of The Franchising World.
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This story is from the August 2022 edition of The Franchising World.
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