Small towns in India are increasingly shopping for luxury items due to the growth of e-commerce. Luxury shopping has reached beyond major cities to smaller places like Botad and Asansol. Both affluent consumers and high earners are driving this trend. Online platforms and social media are helping customers make informed purchases.

Page Industries, the licensor of Jockey and Speedo in India, posted a notable third-quarter profit increase to 2.05 billion rupees, driven by rising fitness trends and strong athleisure demand. Revenue grew by 7 per cent year-on-year to 13.13 billion rupees. The EBITDA margin improved to 23 per cent owing to controlled operating expenses, despite facing short-term consumer sentiment challenges.

The customs duty had about 550 crore estimated impact when the announcements came in July and it is by and large played out to that extent and it is also now completely behind us in the quarter three of FY25. So, going forward that effect will not be there, that was a big dampener on the total margin of the business and of the company.

India’s gold consumption in 2025 is projected to be between 700 and 800 metric tons, down from last year’s 802.8 tons. Rising gold prices are affecting jewellery demand but are increasing investment demand. Domestic gold prices have reached a record high of 84,399 rupees per 10 grams. Jewellery demand makes up 70 per cent of India’s total gold demand.

Luxury shopping in India is booming beyond major cities due to the growth of e-commerce, reaching small towns like Botad and Asansol. This shift is driven by ‘Henry’ consumers and new luxury customers who are more informed and research-driven. Online platforms like Tata Cliq Luxury are experiencing significant sales from these non-metro areas.

PC Jeweller reported a significant profit in the third quarter, buoyed by demand during the festival and wedding season. The company reversed its previous year’s loss, with consolidated net profits reaching 1.48 billion rupees. Revenue from operations surged nearly sixteen-fold, driven by higher gold prices and increased demand for lighter jewellery.

Morarjee Textiles, part of the Ashok Piramal Group, has received three takeover bids due to its ₹760 crore debt, headed by Indian Bank. The highest bid of ₹170 crore came from Nirmal Ujjwal Credit Co-operative Society. Due diligence is ongoing to ensure compliance with insolvency regulations.

Titan’s jewellery business grew by 26.62% in the December quarter despite a slight decline in net profit to Rs 1,047 crore. The company also saw strong performance in its watches and eyecare segments. Total expenses rose significantly, yet overall sales increased by 25.68%.

Shein India app, launched by Reliance Retail’s subsidiary Nextgen Fast Fashion, partners with Indian MSMEs to manufacture and sell products locally and globally. The platform, developed and hosted in India, ensures data localization and offers no access to Shein. This initiative aims to boost Indian MSME exports and create local jobs.

​After Diwali, weddings followed by Eid are the principal occasions for the garment sector that witnesses a substantial surge in business, but lacklustre enquiries for Eid this season have resulted in diminished production at most homegrown units.