Uploaded by r.hemanthraj

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FY 2020 –
 2020 was a very bad year in terms of sales and profit due to covid19
and then sudden increase in gold and silver prices.
 However, diamond and antique jewel department saw very slight
decrease in sale.
 Compared to FY-2019, FY-2020 saw a net profit drop of over 75%.
FY 2021 FY-2021 was better than FY-2020 because, there was no more
lockdown
 Prices of gold and silver saw a price drop
 There was higher demand in the market for gold Jewelery because of
increase in marriages
FY 2022
In FY-2022 things are going back to being normal but due to 40%
increase in gold rate from 2019 and 55% increase in silver rate, people
are not able to afford or they do not want to buy jewellery as much as
they did in the past.
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