Increased hedging coverage reduces gold price volatility risk for jewellery retailers, enabling more stable business operations
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"For jewellers, refiners, importers and bullion traders, derivatives can also help manage exposure to gold-price volatility. The report highlights inventory hedging as an important application, helping businesses bring greater certainty to cash flows and improve operational resilience."
"At the operating level, EBITDA grew 16% YoY to ₹213 crore, while the EBITDA margin stood at 7%, down 310 basis points from 10.1% in the same period last year, impacted by heavy discounts."
"PN Gadgil highlighted that it has further enhanced risk management practices by increasing its overall hedge coverage to about 70 per cent, significantly reducing exposure to gold price volatility."