The Company has announced that it is making good progress towards the straiegic choices outlined earlier this year, specifically by introducing the development of the new product offering wide varieties in the category of Bangles, bracelets, chokers, Necklace- (Maharani, Short and Long).
*Kuwaity Collection" is an enchanting Arabian delights-inspired by the Middle-Eastern Asia culture, in glittering gold studded with colorful Ruby and Emerald gemstone and it makes the person feel royat and is unique in its own kind as it is lightweight and Production friendly, said company in a regulatory filing.
Earlier,the company used to offer this collection in plain gold but now has come out with more vibrant designs by mixing colorful gemstones. The response to the new range is very encouraging and Company is receiving good numbel of sale orders from countries outside India. This new range is at present contributing to around 10-15% of the total Sales since its launch recently, it added.
Further, company, is hopeful for quantum jump in sales during the ongoing Festive season and is looking forward for better prospects and rewarding turnaround on prices also.
Uday Jewellery Industries ended at Rs117.40 per piece higher by 2.18% on the BSE.