Investor Presentation

Size: px
Start display at page:

Download "Investor Presentation"

Transcription

1 Investor Presentation

2 DISCLAIMER This presentation and the accompanying slides (the Presentation ), which have been prepared by Gitanjali Gems Limited (the Company ), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the gems and jewellery industry in India and world-wide, competition, the company s ability to successfully implement its strategy, the Company s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company s market preferences and its exposure to market risks, as well as other risks. The Company s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. 1

3 INTRODUCING GITANJALI Established in 1966, Gitanjali Gems is today one of the largest integrated branded jewellery players with over 4000 Points of Sale 3 state of the art cutting and polishing facilities 400,000 stones per month 9 modern jewellery manufacturing facilities 235,000 pieces per month 4 of the top 5 brands in India owned by the Group Retail presence with over 1100 retail points across India through Own, Franchisee and Shop in Shop routes 104 retail stores in USA and 4 retail stores in Dubai to maintain brand experience for consumers 10 global offices with leading market: India 6 regional offices 2

4 STRATEGICALLY PRESENT IN THE TOP 5 GLOBAL DIAMOND JEWELLERY MARKETS USA: 104 stores of Samuels in the South West Key product brands - Passion Stone, Encore and Canadia supplied to over 500 retailers Europe: 4 Key Italian brands Stefan Hafner, IoSi, Nouvelle Bague, Porrati Alfred Terry in UK distributing to over 2000 retailers Japan: Supply to 110 stores of Verite 30% stake in Gems TV (one of the largest jewellery selling TV Channels) Distribution to other Retailers Middle East: Key Indian brands available through four stores in Dubai Distribution of Indian Branded Jewellery to over 50 stores of Damas, Al-Haseena, Alukkas India: Largest branded jeweller in the country Over 4,000 points of sale of which 1,100 are B2C China: Distribution to a retail chain with over 50 stores Key market for future growth potential for the Group 3

5 Retail Branded Jewellery*** GITANJALI TODAY THREE FOCUSED VERTICALS Diamond & Jewellery Manufacturing Gitanjali Gems Ltd. Gitanjali Exports Corp Ltd. Gitanjali Infratech Ltd.* Hyderabad Gems SEZ Ltd. Gitanjali Brands Ltd. Brightest Circle Jewellery D Damas** Gili India Asmi Jewellery India Spectrum Jewellery Gitanjali Lifestyle Gitanjali Jewellery Retail MMTC Gitanjali ** Gitanjali Gems Ltd. India Jewellery Branding & Retail Int l Branded Jewellery Distribution & Retail Aston Luxury Group Ltd Samuels Jewelers Inc. Gitanjali Ventures DMCC Leading Italian Jewels Srl. Leading Jewels of Japan KK Leading Italian Jewels (Singapore) Pte. Ltd. 4 *The company s Infratech business is only to unlock value of its surplus land in Borivali by developing a residential complex. This is essentially to monetize the company s surplus land bank. ** MMTC Gitanjali is 74% owned by Gitanjali Gems Limited while D Damas is 51% owned by Gitanjali Brands Limited. ***All entities engaged in branded jewellery are 100% subsidiaries of Gitanjali Brands Limited. All other entities are 100% owned by Gitanjali Gems

6 GITANJALI TODAY BUSINESS STRUCTURE (FY12 REVENUE CONTRIBUTION) Gitanjali Gems Ltd. Y-O-Y Growth Diamonds* ~ USD 1,091 Mn 23% Sales ~ USD 2,500 33% Jewellery ~ USD 1,409 Mn 40% 1 USD = INR 50 14% Exports ~ USD 832 Mn 70% Domestic ~ USD 259 Mn International ~ USD 458 Mn 18% 54% India ~ USD 951 Mn 11% USA ~ USD 220 Mn Middle East ~ USD 116 Mn 31% Other Exports ~ USD 122 Mn 16% Distributors ~ USD 532 Mn 42% 73% Retail ~ USD 419 Mn Samuels ~ USD 131 Mn 9% 14% Others ~ USD 89 Mn 42% Own Stores ~ USD 102 Mn 102% Franchisees ~ USD 198 Mn 65% SIS ~ USD 119 Mn Strategic Shift In Focus Diamond Polishing Revenues USD 1,091 Mn 44% of total group revenues Total Jewellery B2B Revenues USD 654 Mn 26% of total group revenues Total Jewellery Retail Revenues USD 755 Mn 30% of total group revenues 5 * Diamond Revenues have been netted off

7 Manufacturing Capabilities

8 MANUFACTURING STRENGTH- DIAMOND CUTTING & POLISHING Gitanjali Gems Limited Surat RAJIV GEMS PARK Gemplus II, SEEPZ Polished Diamonds - Captive Consumption Gitanjali Export Corporation Limited 1,80,000 stones/ month 1,75,000 stones/month 13,000 stones/month Polished Diamonds Exports /Domestic sales Competitive Sourcing of Rough Diamond Cutting and Polishing Polished sales to captive and 3 rd parties Gitanjali Gems and Gitanjali Exports are primarily engaged in the traditional diamond trading business of the group Both the entities enjoy competitive sourcing of rough diamonds from DTC, ALROSA, RIO TINTO and BHP Gitanjali polishes diamonds at 3 state of the art dedicated facilities These are strategically located at Surat, Hyderabad and SEEPZ (Mumbai). Polished diamonds are supplied to group entities for captive consumption as well to other local players. Polished diamonds are also exported to Antwerp, USA, Hong Kong, Middle East etc 7

9 MANUFACTURING STRENGTH- JEWELLERY MANUFACTURING Facility Brief Description Capacity (Pieces/Month) Diamond Jewellery MIDC Manufacturing diamond jewellery primarily for Gili 25,000 Marol Manufacturing diamond jewellery primarily for BCJL and other subsidiaries 35,000 GemPlus I Manufacturing diamond jewellery primarily for GGL 25,000 Hyderabad Rajiv Gems Park, SEZ at Hyderabad for jewellery manufacturing 60,000 Surat Manufacturing Diamond jewellery primarily for GGL & GECL 35,000 Jaipur Manufacturing Kundan, Jadau and Coloured Stones Jewellery 15,000 Pacific (China) Gold Jewellery Primarily manufacturing jewellery for International subsidiaries 25,000 Coimbatore Group company : Shubalavanyaa - contract manufacturing of gold jewellery 6,000 Kolkata Presently a division of GGL, Manufacturing Gold jewellery 7,500 8 State-of-the-art jewellery manufacturing facilities with a production capacity of c.235,000 pieces of finished jewellery per month

10 India : Jewellery Branding & Retail

11 OUR BRANDS STRONG PORTFOLIO OF WELL ESTABLISHED BRANDS Brand Characteristics Stylish, Contemporary, Extrovert, Enthusiastic, Selfmade Mesmerizing, Epitome of Beauty and Luck, Elegant and Timeless Free, Spirited, Goal oriented, Successful, Independent Celebration of every occasion, stylish, chic, aesthetic Classic, traditional, festive, occasional gift giving Brand identity Embrace the Gili way of easy elegance Beautifully you Stunning, beautiful, sparkling diamond jewellery positioned as a woman's ultimate accessory The enchanting enigma Diamond jewellery with a delicate & feminine look that is distinctly evocative of strength and grace For the woman of spirit Jewellery for every occasion, mood, need, user profile Celebrate Always Aimed at the wedding market and similar festivities and traditional occasions Moments like these speak gold Design concept Easy to wear, highly contemporary and trendy designs Design concept inspired by the popular Indian floral cluster Design concept revolves around curvilinear forms that symbolize the inner fire of women International quality combined with Indian aesthetics. For all occasions, moods, user profiles Traditional classic designs to cater to major gold jewellery buying occasions Brand Building Strategy Gitanjali has been the pioneer in marketing diamond jewellery brands; Gili launched in India in 1994 was the first ever diamond jewellery brand in India. Top brand recall value through consistent association with top Indian celebrities ~ 2 million pieces sold annually over the last 3 years (of which 60 to 70% were repeat purchases) 10

12 OUR BRANDS EXTENSIVE BOUQUET OF BRANDS ACROSS PRICE POINTS AND SEGMENTS PRICE HIGH ON TRADITION HIGH ON FASHION Traditional Blended Elegant Stylish/ Contemporary Trendy 11

13 GITANJALI THE LARGEST INVESTOR IN MEDIA IN THE DIAMOND JEWELLERY SECTOR IN INDIA Television and print 80% of our marketing spend On-line advertising e-commerce, e- franchising, social media, QR code 360 Degree Marketing Campaigns Celebrity endorsement Media Coverage 100,000 TV commercials of 10 sec. (on average) 4500 radio spots 3500 print ads with a total of 1.75 mn cm² The company spent over USD 100 Mn in the past 5 years to create consumer desire for diamond jewellery. PR and sponsorship In-store promotion Outdoor Above-theline 95% Below-theline 5% 12

14 DOMESTIC BRANDED JEWELLERY STRONG RETAIL FOOTPRINT IN INDIA Our 70% stores are concentrated in the North & West of India NORTH Classic, wedding style jewellery with bigger look SI JK colour WEST Modern, fine, sophisticated designs VVS-SI GH Colour EAST Traditional, Temple designs VS-SI GH colour SOUTH Traditional, ethnic designs VVS D to G Colour 13 Gitanjali has been the catalyst in the retail transformation of the Indian jewellery market Diverse Retail formats : Multi-format outlets, Multi-Brand Outlets, Exclusive Brand Outlets ranging from ,000 sq. ft Multiple channels : Shop-In-Shops, Owned Stores and Franchisees Multiple Retail formats and channels to ensure effective penetration and wide spread reach

15 LAUNCH OF INNOVATIVE CONCEPTS Gitanjali launches Jewel Souk Gitanjali Launches India s first Gold and Diamond Vending machine at Mumbai Multi-brand, multi-category lifestyle store chain that brings together all major jewellery brands under one roof Launch of a unique and innovative Gold and Diamond vending machine, which is a one stop shop for buying medallions, coins, jewellery etc. High on convenience, this new retailing format will be ideally suited for last minute purchases on auspicious occasions and for gifting, E-Commerce Platforms Gitanjali has introduced innovative channels such as E-Commerce to also include E-Franchising to sell jewellery. These new channels shall enhance reach at a faster pace 14

16 International Retail

17 INTERNATIONAL RETAIL USA Top 5 specialty jewellery retail chain of USA - Samuels, acquired by the group in doors in USA USD 130 Mn retail sales in 2012 Profitable since financial year 2012 (at retail level) due to the thorough restructuring process Supply chain integration: 90% supplied inhouse 16

18 INTERNATIONAL RETAIL UAE Distribution Gitanjali Ventures DMCC (GVDMCC) is an initiative undertaken to capitalize on the opportunities envisioned in the Middle- east market GVDMCC is primarily into distribution of Jewellery to well established local players such as Alukkas, Al Haseena, etc Retail The group has a retail presence in Dubai via four stores. Of which the first one was opened in July 2010 to cater primarily to the Indian population Growth Potential The revenue clocked in from the Mid East business in FY12 is c. USD 116 Mn The Indian Diaspora present in the GCC presents tremendous growth opportunities for the company 17

19 INTERNATIONAL RETAIL EUROPE AND JAPAN Italy Acquired the assets of DIT Group S.p.A, Italy in Feb It owns reputed brands like STEFAN HAFNER, IO Si, ROBERTA PORRATI and La NOUVELLE BAGUE UK Acquired Alfred Terry in December Alfred Terry has been producing innovative and individual diamond jewellery for over 100 years. The company has a wide distribution to Chain Stores and an independent presence in UK. lt distributes to nearly 2000 Jewellery shops in UK and Europe Japan Gems TV in Japan offers online shopping platform for TV Channels in Japan Gitanjali has taken strategic stake of 30% in the entity to supply all of its diamond jewellery requirements in Japan 18

20 Industry Snapshot

21 JEWELLERY MANUFACTURING IS HIGHLY FRAGMENTED Jewellery manufacturing is characterized by extreme fragmentation, with more than 10,000 manufacturers around the world - roughly 80% based in India and China Diamond Jewellery Manufacturers At the top end of the manufacturing market, Tiffany is a large player, and other luxury brands such as Richemont and Bulgari also have a sizable share As with other Jewellery manufacturing, diamond Jewellery falls into two major categories: branded (or luxury) and unbranded, with branded commanding higher prices Larger players with strong brands operate in the branded luxury segment e.g. a diamond engagement ring by Cartier may enjoy upto 40% premium over an unbranded piece Integrated specialized manufacturers* ~5% of the market players Luxury brand manufacturers** ~5% of the market players Regional retailers and non-integrated manufacturers ~10% of the market ~1,000 players Non branded ~80-85% of the market ~10,000 players Richemont Bulgari Tiffany & Co. Louis Vuitton Chanel Dior Gucci Hermès Armani/Privè The Leo Diamond Chow Tai Fook Neil Lane Bridal Tolkowsky Dalumi Group Rosy Blue Over 10,000 manufacturers mostly from India and China ~30-40% of polished-diamond sales take place at industry exhibitions. Hong Kong holds the largest gathering, followed by Las Vegas *Specialized global Jewellery manufacturers with annual sales above 100mn integrated into retail **Branded manufacturers of luxury goods with Jewellery not being core commodity group Source: The Global Diamond Industry by Bain & Company

22 DURING THE PAST DECADE INDIA AND CHINA BECAME THE LARGEST JEWELLERY MANUFACTURERS Value of Jewellery manufacturing, (%) 41.6 bn 56 bn 86.6 bn Other regions Canada United States W. Europe Italy Asia-Pacific (Other) Share change % (14%) (14.9%) China India 27.4% Others North America Europe Asia From 2000 to 2010, India and China s share in Jewellery manufacturing grew from 27 % to 55% - both countries accounted for ca bn in value terms The largest potential demand lies among the emerging middle classes in India and China with further belief that Asian markets hold the key to future growth in the global Jewellery manufacturing business Source: The Global Diamond Industry by Bain & Company

23 THE JEWELLERY MARKET, DRIVEN BY CHINA AND INDIA, IS PREDICTED TO GROW BY 6% ANNUALLY THROUGH 2014 Demand for Jewellery items of the largest markets*, $ billions (nominal price) Consolidation Expansion Crisis Recovery and growth CAGR 1.4% CAGR -3.4% CAGR 6.4% F 2012F 2013F 2014F United States China India Japan United Kingdom France Italy Other Source: The Global Diamond Industry by Bain & Company 2011 *Includes 16 largest Jewellery markets; Other composed of Germany, Brazil, Netherlands, Spain, Mexico, Australia, Belgium, Sweden & South Africa

24 INDIAN GEMS & JEWELLERY: EXPORTS OVER THE PAST DECADE Total exports of Gems and Jewellery during was US $42.8bn. This included exports of cut and polished Diamonds (US$ 23.3bn), Gold (US $16.5bn) and Colored Gemstones (US$ 342.8mn) 29.4 In , the Indian Gems and Jewellery industry stood at US $36.1bn as against US $35.2bn in , with the sector alone accounting for 14% of India s total merchandise exports The key factors that drive demand for Gems and Jewellery in India are Jewellery for Investment and Jewellery for weddings and festivals India has a large and rapidly growing middle class. The Indian middleclass is growing increasingly affluent with per capita incomes consistently on the rise. Private final consumption expenditure is consequently increasing Semi-urban and rural markets make up 60% of the country s jewellery market. These markets are witnessing a change with branded jewellery gaining greater acceptance. In the rural market, branded jewellery sales stand at US$ 600 mn. At present, this is just over 7% of the total jewellery sold in these markets the share is however growing at 25-30% each year (in USD million) Source: IBEF 23

25 GROWTH OF BRANDED JEWELLERY RETAIL IN INDIA Key Trends The gems and jewellery sector, fragmented and traditionally dominated by family jewellers is undergoing transformation - The market share for branded jewellery presently, stands at only 8% of the Indian jewellery market. It is however, growing rapidly at a rate of around 40% p.a. Branded jewellery sold through boutiques, jewellery souks, shop-in-shops, exclusive and multi-brand outlets and over the internet has not merely gained acceptance but is also becoming the preferred choice for an increasingly brand-conscious Indian consumer The Indian luxury market of around USD 5.8 billion (nearly INR 28,500 crore) is gradually extending beyond metros to smaller cities. This market has grown at 20 per cent over the past year and is likely to sustain this growth rate Some of the factors contributing to the branded jewellery s appeal in India are: A large youth population with access to information on global fashion and lifestyle trends Consideration of jewellery as a fashion accessory and a complement of one s lifestyle Modern, contemporary, lightweight and innovative designs Assurances of purity such as the hallmarking of gold and certification for diamonds Additional services such as return policies and buyback guarantees Source: CII-Kearney 24

26 THE DOMESTIC DEMAND FOR GOLD JEWELLERY IN INDIA IS GROWING AT A RAPID PACE India Consumer Demand for Jewellery (in tonnes) Indian Gold Jewellery Demand in tonnes and Gold price (INR/oz) Jewellery demand in tonnes (LHS) Gold price Rs/oz, (RHS) Source: GJEPC Source: GFMS, IHS Global Insight, World Gold Council 25

27 ASIA AND AFRICA ARE GAINING SHARE IN CUTTING AND POLISHING ($ BN) CAGR ( ) ( ) 4% 0% % (18%) 8% (19%) (5%) (13%) 10% 28% 7% 27% 9% (16%) India China, Thailand, other South Africa Israel Russia United States Belgium India is the world s largest diamond-cutting center its share has been growing steadily and is no longer confined to smaller stones as factories in India employ modern technology and can capably handle larger and more complex stones Currently, 700,000 to 800,000 diamond cutters work in India, bolstered in part by government subsidies. Before the recent recession, Indian craftspeople cut 14 out of 15 diamonds worldwide, mostly in the states of Maharashtra and Gujarat 26 About 30,000 to 50,000 cutters operate in China and Thailand, and the numbers there are rising. Guangzhou in China is now one of the world s largest global cutting centers Source: The Global Diamond Industry by Bain & Company 2011

28 India China South Africa Belgium/Israel/Russia United States AVAILABILITY OF LOW-COST LABOR IS ONE OF THE KEY ADVANTAGES IN INDIA Estimated cost of cutting and polishing, $ per carat ~40-60 ~60-80 ~100 Spurring the shift to Asia has been the availability of low-cost labor, a key advantage in low-margin parts of the value chain Labor constitutes one of the largest expenditures. In the United States, it costs more than $100 per carat to cut a diamond, compared with just $10 in India Compared with the ups and downs of rough-diamond prices, polished diamonds show a much smoother historical dynamics. Some of those fluctuations are absorbed by players in the middle of the value chain, where pricing competition is intense. As a result, prices for the end product, polished diamonds, do not fluctuate as much as rough diamond prices ~10 ~15-20 Inventories play a less significant role in regulating the prices of polished diamonds than the prices of rough diamonds. One reason is that the industry has become so fragmented that any given company does not hold sufficient stockpiles to affect global prices. Second, cutters and manufacturers want to turn over their inventories as quickly as possible in order to free up cash for the business Source: The Global Diamond Industry by Bain & Company

29 Financial Information

30 ROBUST FINANCIALS 1 USD = INR , % 44% REVENUE (USD Mn) 1, % 47% , % 44% Jewellery Diamond Revenue growth at ~ 38% CAGR in the last 3 years FY12 has seen a revenue growth of ~ 33% over the last fiscal This growth can be primarily attributed to Shifts in consumer trends Introducing gold jewellery collections to complement the existing diamond jewellery Focus on India as a key growth destination with incremental sales from new franchisee, shop-in-shop and own stores Operational Indicators (USD Mn) EBIT PAT EPS EBIT & PAT figs are in USD Mn EPS figs are in Absolute USD EBIT growth at ~ 53% CAGR in the last 3 years FY12 has seen an EBIT growth of ~ 56% and a PAT growth of ~ 37% over the last fiscal FY12 has seen an EPS Y-O-Y growth of ~ 33% The Consistent growth in bottom line is primarily attributed to Change in the segment mix, in favor of jewellery Aggressive downstream expansion focused on branded jewellery retail

31 Payables Payables Inventory Inventory Receivables Receivables Months WORKING CAPITAL : AN OVERVIEW 1 USD = INR 50 Working Capital Intensive (USD Mn) Debt Structure FY 2011 Debt Structure FY % 16% > 12 Working Capital Characteristics % 84% 12 Long Term Borrowings Short Term Borrowings Long Term Borrowings Short Term Borrowings Working Capital (USD Mn.) , (440) (658) Net Working Capital 2012 Gold Jewellery Diamond Jewellery COCO/SIS Diamond Jewellery Distribution Inventory Months Receivable Months Diamond Jewellery Franchisee

32 Financial Information H1 FY13

33 ROBUST FINANCIALS REVENUE (USD Mn) Operational Indicators (USD Mn) EBIT & PAT figs are in USD Mn % 48% H1FY % 46% HIFY Jewellery Diamond EPS figs are in Absolute USD H1FY12 51 H1FY EBIT PAT EPS H1FY13 has seen a revenue growth of ~ 32% over corresponding period in the last fiscal This growth can be primarily attributed to Introduction of additional collections in gold, polki, jadau to complement the existing diamond jewellery Introduction of new brands Focus on India as a key growth destination with incremental sales from new franchisees, shop-in-shop and own stores H1FY13 has seen an EBIT growth of ~ 24% and a PAT growth of ~ 18% over the same period last year H1FY13 has seen an EPS (diluted) Y-O-Y growth of ~ 26% The Consistent growth in bottom line is primarily attributed to The segment mix now being in favor of jewellery Aggressive downstream expansion focused on branded jewellery retail Effective cost control 32

34 MARKET DATA & SHAREHOLDING PATTERN Last 1 year Stock Price (INR) % Jan 12 Mar 12 May 12 Jul 12 Sep 12 Nov 12 Jan 13 Key Stock Statistics Ownership Summary NSE/BSE ticker - GITANJALI/ Face Value (INR per share) 10 Shares Outstanding (mn) Market Cap (INR mn)/(us$ mn) 53,930mn / $980.5mn 1 52-week range (INR)/(H/L) / Free Float (%) 41% (Nov 2012) Total Traded Quantity / 2Wk Avg. Quantity (BSE) / mn 16.1% 24.9% As of Sep % Promoters FII/DII* Others Source: BSE; 1 as of January 11, 2013 *FII (14.1%); DII (1.96%) 33

35 The Way Forward...

36 EMERGING BUSINESS STRATEGY Vision To become the world s largest player in the branded luxury space 1 Strategic Shift from Diamonds to Jewellery Continuous shift from diamonds to Jewellery Reduction in working capital Increase in margins 2 Emerging Retail Concept Extension of retail and marketing expertise to leverage successful Indian and international brands to complement its product categories with other lifestyle products Existing 1.7 million sq ft retail space to scale up to 2 million sq.ft over the next 2 years 3 Focus on Growth via the Franchising Route Asset Light Model Better store economics compared to own stores Extend reach in Tier 2 and Tier 3 towns in India 4 Opportunity of midsized organized retail Opportunity in mid-sized segments with premium branded categories Tier 2 and tier 3 cities with significant demographics and higher discretionary income Organized retail as a whole expected to grow at 25-30% in next 5 years. Large branded players are likely to dominate all categories and formats 35

37 GITANJALI & THE ENVIRONMENT : A STRATEGIC FIT Strengths First mover advantage Fully integrated supply chain Market access and brand support Unique design skills and Technology Vast distribution and retail network Branding in Emerging Markets Opportunities Expansion into emerging markets Increased focus on branded jewellery in India Increased focus on non-metro market Expansion through revenue sharing and franchisee models Foray into other luxury categories Large presence of an unorganized sector Emergence of low cost and regional brands Increasing gold and diamond prices Challenges 36

38 Annexure : Historical Performance

39 HISTORICAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) 38 Particulars (USD Mn) H1 FY13 (Audited) H1 FY12 (Audited) H1 Y-o-Y Growth (%) FY 12 (Audited) FY 11 (Audited) FY 10 (Audited) Total Total Total Total Total Total Sales % Raw material cost Gross Profit Manpower costs Other operating income Operating expenses Other Income USD = INR 50 EBITDA EBITDA margin (%) 7.5% 8.0% 7.6% 6.9% 6.8% Depreciation EBIT % EBIT margin (%) 7.3% 7.7% 7.4% 6.3% 6.1% Finance Costs Exceptional items PBT Tax PAT % Basic EPS (Rs.10 FV) Diluted EPS %

40 HISTORICAL PERFORMANCE BALANCE SHEET (CONSOLIDATED) 1 USD = INR 50 Particulars (USD Mn) Net Operating Working Capital H1FY 13 (Audited) FY 12 (Audited) FY 11 (Audited) Total Total Total Inventories Inventories / COGS 31% 35% 35% Inventory days Receivables Receivables / Sales 42% 43% 43% Days Receivable Current Liabilities (705.2) (658.4) (440.0) Payables / COGS (28%) (31%) (28%) Days Payable (100) (112) (100) Debt Facility Long Term Borrowings Short Term Borrowings Gross Debt (A) Cash and Cash Equivalents (B) Net Debt (A-B) Net Worth Net Debt / Equity ratio

41 THANK YOU Corporate Office: 3,B Wing, 3rd Floor, Laxmi Towers. Bandra Kurla Complex. Mumbai India Investor contact:

One of India s Largest Integrated Jewellery Manufacturing and Retail Enterprise

One of India s Largest Integrated Jewellery Manufacturing and Retail Enterprise Investor Presentation Disclaimer This presentation and the accompanying slides (the Presentation ), which have been prepared by Gitanjali Gems Limited (the Company ), have been prepared solely for information

More information

About the Report. Booming Women Apparel Market in India

About the Report. Booming Women Apparel Market in India About the Report "Booming Women Apparel Market in India" is the new report by that give a rational analysis on the Indian women apparel industry. This report has been made to help the client in analyzing

More information

Indian Gems & Jewellery January 2018

Indian Gems & Jewellery January 2018 Indian Gems & Jewellery January 2018 Industry Overview India s gems and jewellery market is the largest in the world with a market share of 29 per cent. The sector makes up for around 6-7% of India s GDP.

More information

Tara Jewels Limited Investor Presentation. Tara Jewels factory SEEPZ, Mumbai

Tara Jewels Limited Investor Presentation. Tara Jewels factory SEEPZ, Mumbai Tara Jewels Limited Investor Presentation Tara Jewels factory SEEPZ, Mumbai NOVEMBER 2017 Safe Harbour This presentation and the accompanying slides (the Presentation ), which have been prepared by Tara

More information

For updated information, please visit July 2018

For updated information, please visit   July 2018 GEMS AND JEWELLERY July 2018 Table of Content Executive Summary......3 Advantage India......4 Market Overview and Trends...6 Strategies Adopted.....13 Growth Drivers and Opportunities....15 Industry Associations.....22

More information

Global Handbags Market Report

Global Handbags Market Report Global Handbags Market Report ---------------------------------------------------- 2013 Executive Summary Premium handbags and accessories is one of the fastest growing segments in the overall luxury market.

More information

Rewrite your success October 2018 Chennai Trade Centre. with our legacy in South India s jewellery business. CHENNAI

Rewrite your success October 2018 Chennai Trade Centre. with our legacy in South India s jewellery business. CHENNAI Rewrite your success with our legacy in South India s jewellery business. CHENNAI 19-21 October 2018 Chennai Trade Centre Your exclusive invitation to India s Premier B2B Jewellery Fair India is without

More information

For updated information, please visit September 2017

For updated information, please visit  September 2017 GEMS AND JEWELLERY September 2017 Table of Content Executive Summary...3 Advantage India.....4 Market Overview and Trends...6 Porter s Five Forces Analysis.. 13 Strategies Adopted... 14 Growth Drivers

More information

CHAPTER - III EXPORT PERFORMANCE OF INDIA S GEMS AND JEWELLERY PRODUCTS IN THE GLOBAL MARKET

CHAPTER - III EXPORT PERFORMANCE OF INDIA S GEMS AND JEWELLERY PRODUCTS IN THE GLOBAL MARKET 4 CHAPTER - III EXPORT PERFORMANCE OF INDIA S GEMS AND JEWELLERY PRODUCTS IN THE GLOBAL MARKET Indian gems and jewellery industry has achieved a premier position in the global market. The products of India

More information

SUCCESSFUL GROWTH C20+ REGNSKABSPRISEN, 2 JUN 2016 PANDORA A/S BY PETER VEKSLUND, EVP & CFO

SUCCESSFUL GROWTH C20+ REGNSKABSPRISEN, 2 JUN 2016 PANDORA A/S BY PETER VEKSLUND, EVP & CFO SUCCESSFUL GROWTH C20+ REGNSKABSPRISEN, 2 JUN 2016 PANDORA A/S BY PETER VEKSLUND, EVP & CFO DISCLAIMER Certain statements in this presentation constitute forward-looking statements. Forward-looking statements

More information

2. The US Apparel and Footwear Market Size by Personal Consumption Expenditure,

2. The US Apparel and Footwear Market Size by Personal Consumption Expenditure, 1 TABLE OF CONTENTS 1. The US Apparel and Footwear Market Introduction 2. The US Apparel and Footwear Market Size by Personal Consumption Expenditure, 2005-2010 3. The US Apparel and Footwear Per Capita

More information

For updated information, please visit August 2018

For updated information, please visit   August 2018 GEMS AND JEWELLERY August 2018 Table of Content Executive Summary......3 Advantage India......4 Market Overview and Trends...6 Strategies Adopted......13 Growth Drivers and Opportunities.....15 Industry

More information

Indian Eyewear Industry Report

Indian Eyewear Industry Report 2013 158 Pages For any queries or detailed information contact us on +91 22 2436 3161 /+91-22 60022001 or e-mail at research@reevolv.in Reevolv Advisory Services Private Limited Table of Contents Particulars

More information

Global Handbags Market

Global Handbags Market Global Handbags Market ----------------------------------------------------- 2014 Executive Summary Handbags and accessories are among the fastest growing segments in the overall luxury goods industry.

More information

For updated information, please visit December 2017

For updated information, please visit  December 2017 GEMS AND JEWELLERY December 2017 Table of Content Executive Summary...3 Advantage India.....4 Market Overview and Trends...6 Porter s Five Forces Analysis.. 13 Strategies Adopted... 14 Growth Drivers and

More information

For updated information, please visit March 2018

For updated information, please visit  March 2018 GEMS AND JEWELLERY March 2018 Table of Content Executive Summary...3 Advantage India.....4 Market Overview and Trends...6 Porter s Five Forces Analysis.. 13 Strategies Adopted... 14 Growth Drivers and

More information

INDUSTRY OVERVIEW. No. of establishments 117 (manufacturing) March ,257 (import and export) December 2000

INDUSTRY OVERVIEW. No. of establishments 117 (manufacturing) March ,257 (import and export) December 2000 The information provided in this section is derived from various public and private publications. This information has not been prepared or independently verified by the Company, the Vendors, the Directors,

More information

China Home Textile Industry Report, Apr. 2013

China Home Textile Industry Report, Apr. 2013 China Home Textile Industry Report, 2012-2015 Apr. 2013 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information, analysis, insight and

More information

3.8x Growth in spends on fashion and apparel by 2020

3.8x Growth in spends on fashion and apparel by 2020 A Younger India is Changing Is Getting the Fashion More Fashionable Landscape A Boston Consulting Group study suggests that the life-time consumption of a child born in 2009 in India is going to be 13X

More information

PANDORA IN EMEA DAVID ALLEN MARCH 3 RD 2017

PANDORA IN EMEA DAVID ALLEN MARCH 3 RD 2017 PANDORA IN EMEA DAVID ALLEN MARCH 3 RD 2017 AGENDA 1 PANDORA EMEA OVERVIEW 2 KEY MARKETS 3 EMEA AMBITION 4 FUTURE OPPORTUNITIES 2 INTRODUCTION DAVID ALLEN 2015 - President, PANDORA EMEA 2012 2015 President,

More information

INDIAN JEWELLERY MARKET-METAMORPHOSIS INTRODUCTION

INDIAN JEWELLERY MARKET-METAMORPHOSIS INTRODUCTION "A STUDY ON CUSTOMER PREFRENCES-AMONG BRANDED AND NON BRANDED JEWELLERY. Dr. Priyanka Gautam 1 Ms. Urmila Thakur 2 INDIAN JEWELLERY MARKET-METAMORPHOSIS INTRODUCTION Due to rapid progress in the retail

More information

Italy. Eyewear Key Figures 2015

Italy. Eyewear Key Figures 2015 Italy Eyewear Key Figures 2015 1 General information 2015 Population: 60.656.125 (-0,2% vs 2014) GDP per capita: 26.840 (+2% vs 2014) Population over-40: 55% of population Population over-65: 22% of population

More information

China Luxuries Industry Report,

China Luxuries Industry Report, China Luxuries Industry Report, 2010-2012 In 2009, Chinese market size of luxuries reached US$9.4 billion with the global market share approximating 27.5%. Among the varieties of luxuries, Chinese consumers

More information

CHANGING TRENDS: GEMS & JEWELLERY INDUSTRY

CHANGING TRENDS: GEMS & JEWELLERY INDUSTRY CHANGING TRENDS: GEMS & JEWELLERY INDUSTRY November 2013 Growing presence of the organised retail players is going to boost the performance of the Industry Contents Executive Summary 2 Indian Gems and

More information

Overview of Taiwan Textile Industry 2013

Overview of Taiwan Textile Industry 2013 Overview of Taiwan Textile Industry 2013 2014.04 A. Status of Taiwan Textile Industry At the beginning stage, Taiwan textile industry imported raw materials for processing and exported most of the finished

More information

THE BUSINESS YOU WANT. THE SUCCESS YOU DESERVE.

THE BUSINESS YOU WANT. THE SUCCESS YOU DESERVE. THE BUSINESS YOU WANT. THE SUCCESS YOU DESERVE. THE MOST COMPREHENSIVE INTERNATIONAL B2B JEWELLERY TRADE FAIR. 21 23 December 2018 Hotel Sahara Star - Mumbai Supported By An invitation TO INDIA S PREMIER

More information

GEMS AND JEWELLERY INDUSTRY

GEMS AND JEWELLERY INDUSTRY GEMS AND JEWELLERY INDUSTRY SECTOR OVERVIEW The Gems and Jewellery Sector plays a significant role in the Indian economy, contributing around 6-7% to India s Gross Domestic Produtc (GDP). It is the one

More information

Gitanjali Gems SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Sept. 24 th 2011 BUY. Share Holding Pattern. 1 Year Comparative Graph

Gitanjali Gems SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Sept. 24 th 2011 BUY. Share Holding Pattern. 1 Year Comparative Graph Gitanjali Gems Ltd. Result Update: Q1 FY 12 C.M.P: Rs. 348.00 Target Price: Rs. 393.00 Date: Sept. 24 th 2011 BUY Stock Data: Sector: Gems & Jewellery Face Value Rs. 10.00 52 wk. High/Low (Rs.) 238.25/147.16

More information

Highlights for the 1 st Half of FY2007

Highlights for the 1 st Half of FY2007 Highlights for the 1 st Half of FY2007 October 23, 2007 Kao Corporation Motoki Ozaki President and CEO These presentation materials are available on our website in PDF format: http://www.kao.co.jp/en/ir/analystmtg/index.html

More information

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India.

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India. Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida- 201301 Uttar Pradesh, India. All Rights Reserved, First Edition, February 2017 ISBN 978-93-87241-19-0 Printed in India at Copyright

More information

Global Powers of Luxury Goods

Global Powers of Luxury Goods Global Powers of Luxury Goods Shaping the future of the luxury industry Highlights Introduction to Global Powers of Luxury Goods While the global economy is currently enjoying a period of relatively strong

More information

INDIAN APPAREL MARKET OUTLOOK

INDIAN APPAREL MARKET OUTLOOK INDIAN APPAREL MARKET OUTLOOK Market Size by Apparel Type, Gender and Region Trends and Forecast Till 2021 www.fibre2fashion.com 1 ABOUT US Fibre2fashion.com was established in 2000 and is owned and promoted

More information

Global Cosmetics Market Insights, Forecast to 2025

Global Cosmetics Market Insights, Forecast to 2025 Report Information More information from: https://www.wiseguyreports.com/reports/3340157-global-cosmetics-market-insights-forecast-to-2025 Global Cosmetics Market Insights, Forecast to 2025 Report / Search

More information

CAPRI HOLDINGS LIMITED. November 7, 2018

CAPRI HOLDINGS LIMITED. November 7, 2018 CAPRI HOLDINGS LIMITED November 7, 2018 1 FORWARD-LOOKING STATEMENTS This presentation contains statements which are, or may be deemed to be, forward-looking statements. Forward-looking statements are

More information

TO STUDY THE RETAIL JEWELER S IMPORTANCE TOWARDS SELLING BRANDED JEWELLERY

TO STUDY THE RETAIL JEWELER S IMPORTANCE TOWARDS SELLING BRANDED JEWELLERY TO STUDY THE RETAIL JEWELER S IMPORTANCE TOWARDS SELLING BRANDED JEWELLERY Prof. Jiger Manek 1, Dr.Ruta Khaparde 2 ABSTRACT The previous research done on branded and non branded jewellery markets are 1)

More information

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India.

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India. Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida- 201301 Uttar Pradesh, India. All Rights Reserved, First Edition, February 2017 ISBN 978-93-87241-13-8 Printed in India at Copyright

More information

Impact note on import duty hike

Impact note on import duty hike Impact note on import duty hike Contact: Madan Sabnavis Chief Economist madan.sabnavis@careratings.com 91-022- 6754 3489 Saurabh Bhalerao Associate Director- Industry Research Saurabh.bhalerao@careratings.com

More information

Investor Presentation June 2012

Investor Presentation June 2012 Investor Presentation June 2012 DISCLAIMER FORWARD LOOKING STATEMENTS Certain information contained in this presentation, particularly information regarding future economic performance, finances, and expectations

More information

Gitanjali Gems SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Dec. 28 th 2011 BUY

Gitanjali Gems SYNOPSIS. C.M.P: Rs Target Price: Rs Date: Dec. 28 th 2011 BUY Gitanjali Gems Ltd. Result Update: Q2 FY 12 C.M.P: Rs. 310.00 Target Price: Rs. 347.00 Date: Dec. 28 th 2011 BUY Stock Data: Sector: Gems & Jewellery Face Value Rs. 10.00 52 wk. High/Low (Rs.) 387.40/156.35

More information

HERMES. Quarterly information report as at the end of September 2016

HERMES. Quarterly information report as at the end of September 2016 HERMES Quarterly information report as at the end of September 2016 Acceleration of sales growth in the third quarter (+9% at constant exchange rates) At the end of September, revenues were up 8% at constant

More information

Business Result. * Change due to reclassification account

Business Result. * Change due to reclassification account Performance Summary The Company managed to record sales of Rp 2.08 tn or grew by 8.8% compared to same period in the preceding year. Domestic grew by 11.1% while export grew by 2.1%. Sluggish growth on

More information

EXPANDING OUR GLOBAL FASHION LUXURY GROUP CAPRI HOLDINGS LIMITED

EXPANDING OUR GLOBAL FASHION LUXURY GROUP CAPRI HOLDINGS LIMITED EXPANDING OUR GLOBAL FASHION LUXURY GROUP CAPRI HOLDINGS LIMITED FORWARD-LOOKING STATEMENTS This presentation contains statements which are, or may be deemed to be, forward-looking statements. Forward-looking

More information

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India.

Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida Uttar Pradesh, India. Published by Mahendra Publication Pvt. Ltd. E- 42, 43, 44, Sector - 7, Noida- 201301 Uttar Pradesh, India. All Rights Reserved, First Edition, February 2017 ISBN 978-93-87241-14-5 Printed in India at Copyright

More information

A STUDY OF DIAMOND TRADE VIS.-À-VIS. GEMS AND JEWELLERY TRADE AND TOTAL MERCHANDISE TRADE OF INDIA DURING THE LAST DECADE

A STUDY OF DIAMOND TRADE VIS.-À-VIS. GEMS AND JEWELLERY TRADE AND TOTAL MERCHANDISE TRADE OF INDIA DURING THE LAST DECADE A STUDY OF DIAMOND TRADE VIS.-À-VIS. GEMS AND JEWELLERY TRADE AND TOTAL MERCHANDISE TRADE OF INDIA DURING THE LAST DECADE Dr. Neelam Arora I/C Principal and Head of Department, Lala Lajpatrai College of

More information

Bajaj Corp Ltd 19 th March, 2012 BUY

Bajaj Corp Ltd 19 th March, 2012 BUY Company Report BROKING DEPOSITORY DISTRIBUTION FINANCIAL ADVISORY Bajaj Corp Ltd 19 th March, 2012 BUY CMP Target Price Rs.115.00 Rs.145.00 Bajaj Corp is the third largest player in the overall hair oils

More information

TURKISH COSMETICS MARKET

TURKISH COSMETICS MARKET TURKISH COSMETICS MARKET Global cosmetics market size is estimated to be 300 Billion Euros whereas Turkey cosmetics market size is around 5.5 Billion Euros. Researches state that even during the periods

More information

Results for 1Q-3Q of Fiscal 2012: Supplementary Materials. Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC.

Results for 1Q-3Q of Fiscal 2012: Supplementary Materials. Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC. Results for 1Q-3Q of Fiscal 2012: Supplementary Materials Naoki Kume DIRECTOR OF FINANCE/MANAGEMENT PLANNING DIV. POLA ORBIS HOLDINGS INC. This report contains projections of performance and other projections

More information

CAPRI HOLDINGS LIMITED

CAPRI HOLDINGS LIMITED Morgan Stanley Global Consumer & Retail Conference CAPRI HOLDINGS LIMITED John Idol, Chairman & Chief Executive Officer Tom Edwards, Chief Financial & Chief Operating Officer 1 OUR GLOBAL FASHION LUXURY

More information

Net sales slightly decreased by 1.3% y-o-y from Rp 2.08 trillion to Rp 2.05 trillion. Domestic market started to show a recovery amidst low consumer

Net sales slightly decreased by 1.3% y-o-y from Rp 2.08 trillion to Rp 2.05 trillion. Domestic market started to show a recovery amidst low consumer Net sales slightly decreased by 1.3% y-o-y from Rp 2.08 trillion to Rp 2.05 trillion. Domestic market started to show a recovery amidst low consumer purchasing power and tough market competition. Export

More information

CBI Trade Statistics: Jewellery

CBI Trade Statistics: Jewellery CBI Trade Statistics: Jewellery Introduction Despite the economic crisis, the European jewellery market has consistently shown great opportunities for importers from Developing Countries. While countries

More information

US Jewelry Market with Focus on Engagement Rings: Industry Analysis & Outlook ( )

US Jewelry Market with Focus on Engagement Rings: Industry Analysis & Outlook ( ) Industry Research by Koncept Analytics US Jewelry Market with Focus on Engagement Rings: Industry Analysis & Outlook ----------------------------------------- (2017-2021) June 2017 1 Executive Summary

More information

INTERIM RESULTS Shandong Ruyi as controlling shareholder of Trinity Group. Ruyi Group

INTERIM RESULTS Shandong Ruyi as controlling shareholder of Trinity Group. Ruyi Group 23 August 2 Shandong Ruyi as controlling shareholder of Trinity Group Ruyi Group Overview of Ruyi Group 4 Company Overview Founded in 1972, employees over 50,000 globally Ranks 1 st among 500 textile and

More information

Report on estimation of manpower requirement in Fashion Jewellery subsector in India ( )

Report on estimation of manpower requirement in Fashion Jewellery subsector in India ( ) Report on estimation of manpower requirement in Fashion Jewellery subsector in India (2017-2026) Gem and Jewellery Skill Council of India Business Facilitation Centre, 3 rd Floor, Seepz Special Economic

More information

China Cosmetics Market Report, Feb. 2012

China Cosmetics Market Report, Feb. 2012 China Cosmetics Market Report, 2010-2011 Feb. 2012 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information, analysis, insight and projection

More information

24 TH SEPTEMBER, 2016 THE LALIT, NEW DELHI. Fame Leads. Fortune Follows.

24 TH SEPTEMBER, 2016 THE LALIT, NEW DELHI. Fame Leads. Fortune Follows. 24 TH SEPTEMBER, 2016 THE LALIT, NEW DELHI Fame Leads. Fortune Follows. Exquisitely crafted Contemporarily designed The business of jewellery redefıned. Celebrating the excellence of jewellery retailers.

More information

Centre of Excellence for Gems & Jewellery. Skill Development Government of Gujarat

Centre of Excellence for Gems & Jewellery. Skill Development Government of Gujarat Centre of Excellence for Gems & Jewellery Skill Development Government of Gujarat Contents Project Concept 3 Market Potential 6 Growth Drivers 7 Gujarat Competitive Advantage 8 Project Information 9 -

More information

The new luxury in beauty

The new luxury in beauty The new luxury in beauty Market overview Giovanni Battista Vacchi, Partner EY - Parthenon March 2018 The better the question. The better the answer. The better the world works. Agenda Luxury beauty industry

More information

Indian Cotton Textile Consumption in the Post-MFA Era

Indian Cotton Textile Consumption in the Post-MFA Era Indian Cotton Textile Consumption in the Post-MFA Era 2005 Agricultural Outlook Forum Cotton and Fibers Outlook 25/February 2005 by David B. Collins Assistant Executive Director - CCI Expectations for

More information

CHRISTIAN DIOR 2017 RECORD RESULTS

CHRISTIAN DIOR 2017 RECORD RESULTS 30 AVENUE MONTAIGNE PARIS 75008 Paris, February 2, 2018 CHRISTIAN DIOR RECORD RESULTS The Christian Dior group recorded revenue of 43.7 billion euros in, an increase of 11% over the previous year. Organic

More information

PLATINUM JEWELLERY BUSINESS REVIEW

PLATINUM JEWELLERY BUSINESS REVIEW PLATINUM JEWELLERY BUSINESS REVIEW Q2 2017 Market Environment China s economy saw steady development in the first half of 2017, including GDP growth of 6.9% in both Q1 and Q2. Total retail sales of consumer

More information

Global Eyewear Market: Industry Analysis & Outlook ( )

Global Eyewear Market: Industry Analysis & Outlook ( ) Industry Research by Koncept Analytics Global Eyewear Market: Industry Analysis & Outlook ----------------------------------------- (2017-2021) December 2017 Global Eyewear Market: Industry Analysis &

More information

Milbon Co., Ltd. Financial Results Presentation Materials

Milbon Co., Ltd. Financial Results Presentation Materials Milbon Co., Ltd. FY 2014 First Half (December 21, 2013 June 20, 2014) Financial Results Presentation Materials June 26, 2014 Table of Contents P2 Consolidated Operating Results P3 6 Consolidated Sales

More information

Cosmoprof India 2019 p JUNE 2019 COSMOPROF BOMBAY CONVENTION & EXHIBITION CENTRE (BCEC) INDIA MUMBAI

Cosmoprof India 2019 p JUNE 2019 COSMOPROF BOMBAY CONVENTION & EXHIBITION CENTRE (BCEC) INDIA MUMBAI Cosmoprof India 2019 p. 1 2019 COSMOPROF INDIA MUMBAI 12 14 JUNE BOMBAY CONVENTION & EXHIBITION CENTRE (BCEC) Cosmoprof India 2019 p. 2 Cosmoprof India 2019 p. 3 COSMOPROF INDIA: THE B2B SHOW FOR THE BEAUTY

More information

Textile Per Capita Consumption

Textile Per Capita Consumption February 2018 Textile Per Capita Consumption 2005-2022 Part 3: High-Income Countries - - CHF800.- Table of Contents Preface... 4 Sources... 5 Definitions... 6... 7 Executive Summary... 11 Regional and

More information

Global Handbags Market: Trends, Opportunities and Forecasts ( )

Global Handbags Market: Trends, Opportunities and Forecasts ( ) Global Handbags Market: Trends, Opportunities and Forecasts (2015-2020) By Market Category (Handbags-For Men, For Women) By Price- Premium, Ultra-Premium, Ordinary By Region-North America, Europe, APAC,

More information

HERMES. Quarterly information report as at the end of December 2016

HERMES. Quarterly information report as at the end of December 2016 HERMES Quarterly information report as at the end of December 2016 2016 Hermès revenue growth is once again overperforming the sector with sales up 7.5% Paris, 8 February 2017 In 2016, in a difficult context,

More information

Diamond exporters look to domestic market as rupee gains strength

Diamond exporters look to domestic market as rupee gains strength Contents Diamond exporters look to domestic market as rupee gains strength... 2 Gems & jewellery exports fall 17% in 2012... 3 Gems and jewellery exports fall 9% in 2012-13... 4 RBI to allow gold imports

More information

FACTS & NUMBERS 2016

FACTS & NUMBERS 2016 FACTS & NUMBERS 2016 STATISTICAL ANALYSIS 2015 Portugal exported 79 million pairs of shoes, valued at 1 865 million euros. 2015 was the sixth consecutive year with growth in footwear exports Exports have

More information

Peer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

Peer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 568.00 Target Price 642.00 GITANJALI GEMS LIMITED Result Update: Q3 FY13 FEB 23 rd, 2013 ISIN: INE346H01014 Stock Data Sector Gems & Jewellery BSE Code 532715 Face Value 10.00 52wk. High / Low

More information

June Hong Kong Jewellery & Gem Fair Exhibitor Survey Report

June Hong Kong Jewellery & Gem Fair Exhibitor Survey Report June Hong Kong Jewellery & Gem Fair Exhibitor Survey Report Survey Summary Total number of exhibitors: 1,841 Onsite survey Collected: 1,130 Onsite survey response rate: 61.4% [1,130 / 1,841] Online survey

More information

Bajaj Corp Ltd. ANS Research Desk (Research Wing of ANS Pvt Ltd) 2 nd Aug, Research By,

Bajaj Corp Ltd. ANS Research Desk (Research Wing of ANS Pvt Ltd) 2 nd Aug, Research By, 2 nd Aug, 2010 Bajaj Corp Ltd. Research By, Bhaskar Pranav & Anand ANS Research Desk (Research Wing of ANS Pvt Ltd) ARHAM Financial Centre Harihar Chowk, RAJKOT (Guj) Speak to: 0281 6699401 Drop a line

More information

Managing Director Rolf Eriksen s address at H&M s AGM 2007

Managing Director Rolf Eriksen s address at H&M s AGM 2007 x 2 May, 2007 Managing Director Rolf Eriksen s address at H&M s AGM 2007 Dear shareholders, It is with great pleasure I am standing here in front of you today. 2006 was the best year ever in H&M s history.

More information

Yarn WINNING TOGETHER. Fabric. An Integrated Denim Manufacturer Partner to Global & Indian Brands. Garments

Yarn WINNING TOGETHER. Fabric. An Integrated Denim Manufacturer Partner to Global & Indian Brands. Garments 1 Yarn Garments Fabric WINNING TOGETHER An Integrated Denim Manufacturer Partner to Global & Indian Brands 2 WINNING TOGETHER An Integrated ODM Partner to Global & Indian Brands 521200 SLCM:IN SLCM:BO

More information

10 TRUTHS ABOUT ITALIAN COMPETITIVENESS FOCUS ON THE BOATBUILDING SECTOR

10 TRUTHS ABOUT ITALIAN COMPETITIVENESS FOCUS ON THE BOATBUILDING SECTOR 10 TRUTHS ABOUT ITALIAN FOCUS ON THE BOATBUILDING SECTOR Italy is slowly pulling out of the economic crisis. Yet, the Country has to deal with problems that the global stagnation has worsened, but that

More information

Age. Hallmarking Comes Of. Forevermark Drives Sales With Compelling Stories. India s Gems & Jewellery Net Exports Slip 12% VOD Gets Bigger And Better

Age. Hallmarking Comes Of. Forevermark Drives Sales With Compelling Stories. India s Gems & Jewellery Net Exports Slip 12% VOD Gets Bigger And Better the indian gem and jewellery magazine India s Gems & Jewellery Net Exports Slip 12% Forevermark Drives Sales With Compelling Stories VOD Gets Bigger And Better MAY 2016 PGI: Indian Platinum Jewellery Sales

More information

US Denim Jeans Market Report

US Denim Jeans Market Report US Denim Jeans Market Report ----------------------------------------- 2015 Executive Summary Denim has become a wardrobe staple for the comfort it offers and above all for being one of the best clothing

More information

Grading summary. CRISIL IPO Grade 3/5 (Average) February 24, Contacts:

Grading summary. CRISIL IPO Grade 3/5 (Average) February 24, Contacts: Tribhovandas Bhimji Zaveri Ltd CRISIL IPO Grade 3/5 (Average) February 24, 212 Grading summary CRISIL has assigned a CRISIL IPO grade of 3/5 (pronounced three on five ) to the proposed IPO of Tribhovandas

More information

REPORT ON INDIA PAVILION AT VOD 2015

REPORT ON INDIA PAVILION AT VOD 2015 REPORT ON INDIA PAVILION AT VOD 2015 The first edition of VICENZAORO Dubai opened at Dubai World Trade Centre (DWTC) was formally inaugurated by His Highness Sheikh Hasher Bin Maktoum Al Maktoum, Director

More information

BRAND TALK Being Human

BRAND TALK Being Human MADE IN INDIA, the fashion brand from Mandhana Industries, is one of those rare brands that tested the international waters before launching in India. The brand that went by the Made in India tagline is

More information

Tempe Inditex Group. Constantly evolving model

Tempe Inditex Group. Constantly evolving model /1 Tempe Inditex Group Constantly evolving model Tempe is the specialist footwear and accessories company of the Inditex Group. Its role is to design, market and distribute all of the collections for the

More information

G-III Apparel Group, Ltd. to Acquire Donna Karan International, Inc. August 2016

G-III Apparel Group, Ltd. to Acquire Donna Karan International, Inc. August 2016 G-III Apparel Group, Ltd. to Acquire Donna Karan International, Inc. August 2016 Forward Looking Statements Statements concerning G-III's business outlook or future economic performance, anticipated revenues,

More information

Peer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

Peer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 404.00 Target Price 465.00 GITANJALI GEMS LIMITED Result Update: Q2 FY13 Nov 12 th, 2012 ISIN: INE346H01014 Stock Data Sector Gems & Jewellery BSE Code 532715 Face Value 10.00 52wk. High / Low

More information

IMAGES Business of Fashion

IMAGES Business of Fashion IMAGES Business of Fashion THE DENIM ISSUE Evolving with changing times With very low per capita consumption currently, and increasing acceptance of denim as a major fashion choice, the denim sector is

More information

China Textile and Apparel Production and Sales Statistics, Jul. 2014

China Textile and Apparel Production and Sales Statistics, Jul. 2014 China Textile and Apparel Production and Sales Statistics, 2013-2014 Jul. 2014 STUDY GOAL AND OBJECTIVES This report provides the industry executives with strategically significant competitor information,

More information

Global Athletic Footwear Market: Industry Analysis & Outlook ( )

Global Athletic Footwear Market: Industry Analysis & Outlook ( ) Industry Research by Koncept Analytics Global Athletic Footwear Market: Industry Analysis & Outlook ----------------------------------------- (2018-2022) November 2018 1 Executive Summary Athletic footwear

More information

Gems and Jewellery Update

Gems and Jewellery Update Gems and Jewellery Update Contact: Madan Sabnavis Chief Economist Madan.sabnavis@careratings.com +91-22- 6754 3489 Saurabh Bhalerao Associate Director Industry Research Saurabh.bhalerao@careratings.com

More information

Burberry Group plc. Second Half Trading Update

Burberry Group plc. Second Half Trading Update 16 April 2014 Burberry Group plc Second Half Trading Update Highlights for the six months 2014 Total revenue 1,298m, up 19% underlying - Underpinned by continued investment Retail revenue 928m, up 13%

More information

Strong consumer connect is the essence of brand value.

Strong consumer connect is the essence of brand value. BRAND VALUE Strong consumer connect is the essence of brand value. WHEN CONSUMERS SPEAKING DIFFERENT LANGUAGES, LIVING IN DIFFERENT TIME ZONES, WITH DISTINCT CULTURES REMEMBER ABOUT YOUR BRAND AND THE

More information

STATISTICAL ANALYSIS 2015

STATISTICAL ANALYSIS 2015 FACTS & NUMBERS STATISTICAL ANALYSIS 2015 Portugal exported 79 million pairs of shoes, valued at 1 865 million euros. 2015 was the sixth consecutive year with footwea exports growth Exports grew by 1.1%

More information

2008 in figures Year in brief

2008 in figures Year in brief Dear shareholders, The year 2008 has been an exciting, eventful but also challenging year. The global economic situation changed drastically, which also affected H&M. Despite this, our strong expansion

More information

First Quarter of Fiscal 2017 Supplementary Material

First Quarter of Fiscal 2017 Supplementary Material First Quarter of Fiscal 2017 Supplementary Material POLA ORBIS HOLDINGS INC. Director and Vice President Management Planning, IT and Global Business Naoki Kume This report contains projections of performance

More information

Global Diamond and Gemstone Market: Trends and Opportunities ( ) March 2015

Global Diamond and Gemstone Market: Trends and Opportunities ( ) March 2015 Global Diamond and Gemstone Market: Trends and Opportunities (2014 2019) March 2015 The report titled Global Diamond and Gemstone Market: Trends and Opportunities (2014-2019) provides an insight into the

More information

Disclaimer. Guiness Securities Limited

Disclaimer. Guiness Securities Limited Disclaimer The presentation has been prepared by for Bhakti Gems & Jewellery Ltd. ( Company ) in context of forthcoming Initial Public Offer (IPO) of the company. In preparing this document, we have relied

More information

HERMES. Quarterly information report as at the end of June 2018

HERMES. Quarterly information report as at the end of June 2018 HERMES Quarterly information report as at the end of June 2018 Strong sales growth in the first half of 2018: +11% at constant All business lines and all geographical areas posted growth Paris, 20 July

More information

My name is Kenichi Yamauchi and I am in charge of Accounting and Finance.

My name is Kenichi Yamauchi and I am in charge of Accounting and Finance. My name is Kenichi Yamauchi and I am in charge of Accounting and Finance. 1 I am going to briefly report on the business report and consolidated financial statements in the convocation notice that we have

More information

US Denim Jeans Market Report

US Denim Jeans Market Report US Denim Jeans Market Report ----------------------------------------- 2014 Executive Summary The US apparel industry is large, mature, and highly fragmented. This industry has stretched the boundaries

More information

June Hong Kong Jewellery & Gem Fair Exhibitor Survey Report

June Hong Kong Jewellery & Gem Fair Exhibitor Survey Report June Hong Kong Jewellery & Gem Fair 2012 Exhibitor Survey Report Survey Summary Total number of visitors: 1,790 Onsite survey Collected: 939 Onsite survey response rate: 52. [939 / 1,790] Invited online

More information

The US Jewelry Market Report

The US Jewelry Market Report The US Jewelry Market Report ----------------------------------------- 2016 Executive Summary Jewelry is one of the most valuable segments in trade and commerce industry. The sector sways between inexpensive

More information

What drives footwear exports of Vietnam and Cambodia

What drives footwear exports of Vietnam and Cambodia FE-PRI EAU Posted : 30 Apr, 2017 00:00:00 What drives footwear exports of Vietnam and Cambodia Mehrin Karim This article is a follow up to the one by Saeba Ruslana of Policy Research Institute (PRI) entitled

More information

Case study example Footloose

Case study example Footloose Case study example Footloose Footloose Introduction Duraflex is a German footwear company with annual men s footwear sales of approximately 1.0 billion Euro( ). They have always relied on the boot market

More information