Organized jewelry and watches retail penetration India 2012-2021
Organized retail in India
Jewelry and watches had the highest penetration in organized retail across India in 2017, at about 28 percent. This was closely followed by footwear and consumer electronics with a penetration rate of 27 percent each. Food and groceries had the lowest penetration rate that year. Despite having the lowest penetration rate, the food and grocery segment had the highest value in the organized retail market at around 16 billion U.S. dollars.
Leading jewelry retailers
Kalyan Jewellers, Tanishq and Malabar are some of the leading retailers in the jewelry and watches segment within the organized market across the country. Kalyan Jewellers a profit after tax of five billion Indian rupees in 2019. That year, the retailer was present across 18 states domestically as well as in the Middle East. Joyalukkas, on the other hand, reported a profit of almost 14 billion rupees in 2019. Established in the southern city of Kottayam in 2002, the company had 88 stores across the country as of August 2019.