Uday Jewellery Industries Limited (udayjew) Announces Job-work Model and New Focus on Lightweight Plain Gold Jewellery

Uday Jewellery Industries Limited (NSE: UDAYJEW), a Hyderabad-based manufacturer and B2B supplier of natural gemstone-studded fashion jewellery and polki diamond studded bridal jewellery, has announced key business developments. The company is developing a job-work model for its large customers, adding lightweight plain gold jewellery as a new focus area, and exploring supply tie-ups with a few large corporate clients.

Job-Work Model

Under the job-work model, large customers will supply the gold; the company will manufacture the jewellery and be compensated for its manufacturing services. This approach is expected to lower gold inventory requirements, improve working capital efficiency, and raise overall capacity utilisation.

New Focus on Lightweight Plain Gold Jewellery

The company is introducing lightweight plain gold jewellery to widen its product portfolio and address growing demand in this category. This new focus aligns naturally with the company’s gemstone-studded and CZ-studded collections.

Corporate Supply Tie-Ups

Uday Jewellery is exploring supply tie-ups with a few large corporate clients. These discussions are at a preliminary stage, and no definitive agreement has been signed. The company will keep the exchanges and its shareholders informed as required.

Commenting on the business developments, the management added, “Uday Jewellery’s strength has always been its design and manufacturing capability, built over four generations and backed by in-house CAD/CAM, 3D printing and laser engraving. The developments we have announced today are aimed at putting that capability to work more efficiently and across a wider range of products.”

Source: NSE Corporate Announcement

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