Uday Jewellery Industries Ltd Introduces Job Work Model, New Product Focus

Uday Jewellery Industries Limited has announced significant business developments aimed at enhancing operational efficiency and market reach. The company is implementing a job work model where customers supply gold, and Uday Jewellery manufactures jewelry, reducing the company's gold inventory needs and improving working capital. Additionally, the company is expanding its product portfolio by focusing on lightweight plain gold jewelry to cater to growing demand. Uday Jewellery is also exploring supply tie-ups with large corporate clients, though these are in preliminary stages with no definitive agreements yet in place. These strategic moves are expected to improve capacity utilization and market penetration.