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Titan, PC Jewellers, Kalyan Jewellers in the Top 100 Global Luxury Goods List
The list features Titan ranking 28, followed by Kalyan Jewellers (37), PC Jewellers (43), Joyalukkas India (49), and Tribhovandas Bhimji Zaveri (89).
By: Diamond World News Service
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May 23 2018 2:13PM
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Reference: 16375  

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Five leading Indian jewellery brands have made it to the Top 100 Global Luxury Goods list compiled by Deloitte in its fifth annual Global Powers of Luxury Goods report.

The list features Titan ranking 28, followed by Kalyan Jewellers at #37, PC Jewellers at #43, Joyalukkas India at #49, and Tribhovandas Bhimji Zaveri at #89.

PC Jewellers and Joyalukkas India are the among the 20 fastest-growing luxury goods companies globally, with compound annual growth rate sales of 15.5 per cent and 13.9 per cent respectively, for FY14-16.

The luxury goods industry has undergone major changes over the past two decades. Varying economic trends, rapid digital transformation and evolving consumer preferences are creating a new competitive landscape which is challenging the traditional corporate strategies.

The world’s 100 largest luxury goods companies generated sales of US$217 billion in FY2016 and the average luxury goods annual sales for Top 100 companies is now US$2.2 billion. The report discusses the trends and issues that are driving the luxury industry. It also identifies the 100 largest luxury goods companies based on publicly available data for FY2016 (which we define as financial years ending within the 12 months to June 2017), and evaluates their performance across geographies and product sectors.

The precious jewellery sector in India has historically been very fragmented and commoditised, but a number of organised vertically integrated jewellery chains with luxury brands are growing rapidly in this very large market, as well as internationally, the report notes.

Key findings from the report:

  • Italy is once again the leading luxury goods country in terms of the number of companies, while France has the highest share of sales.
  • China, France, Germany, Italy, Spain, Switzerland, the UK and the U.S. together made up 83 per cent of the Top 100 luxury goods companies and 90 per cent of Top 100 luxury goods sales.
  • Sales by companies in the clothing and footwear sector was 0.2 per cent lower in FY2016 than in the previous year, although currency-adjusted sales grew by 0.2 per cent. Both sales growth rates and net profit margin fell for the second year in succession. With 38 companies, this product sector has by far the largest number of companies in the top 100.
  • Cosmetics and fragrances was the top-performing sector in FY2016, and the only sector with improving composite luxury goods sales growth, at 7.6 percent.
  • The average luxury goods sales for the eleven companies in the multiple luxury goods sector was US$6.3 billion and together they accounted for 32.2 per cent of the Top 100 luxury goods sales. 

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