Uday Jewellery Industries539518Periodic business update

Job-work model, lightweight plain gold jewellery focus and exploratory corporate supply tie-ups

Company is developing a job-work model where large customers supply the gold and it is paid for manufacturing.

By ScoutQuest · Mon 19 Oct 2026, 11:13 AM IST · 2 min read

Job-work model: large customers supply the gold and it is paid for manufacturing
New product focus: adding lightweight plain gold jewellery as a new focus area
Supply tie-ups status: exploring supply tie-ups with large corporate clients — preliminary stage, no binding agreement signed yet

A business update covering three separate developments

Job-work model (customer-supplied gold)

Large customers will supply the gold; the company will manufacture the jewellery and be paid for its manufacturing services.
The company expects a lower gold inventory requirement, improved working capital efficiency and higher overall capacity utilisation.
In management's words, this allows it to serve larger volumes without a matching increase in its own gold inventory.

Lightweight plain gold jewellery

Being introduced and developed as a new focus area.
Expected to widen the product portfolio and address growing demand in this category.
Management says it sits alongside the existing gemstone-studded and CZ-studded collections, letting retail partners be offered a broader range.

Supply tie-ups with corporate clients

The company is exploring supply tie-ups with a few large corporate clients for its jewellery products, in addition to large corporate houses as buyers.
Status is explicitly preliminary: no definitive agreement, MoU or binding commitment has been executed.
Management said it will keep the exchanges and shareholders informed as required.

What management said

The company points to its design and manufacturing capability, built over four generations and backed by in-house CAD/CAM, 3D printing and laser engraving, as the base for these moves.

About the company

Hyderabad-based manufacturer and B2B supplier of natural gemstone-studded fashion jewellery and polki diamond studded bridal jewellery.
Part of the Sanghi Global Group, whose legacy dates back to 1905; managed by fourth-generation jewellery professionals.
Product range includes rings, earrings, bracelets, bangles, necklaces and choker sets.
Main market is organised retailers across India; it has also served the Middle East since 2018, with exports to the UAE and the USA.

The release carries a forward-looking statement disclaimer noting that actual results may differ materially, and lists risks such as demand conditions, competition, currency movements and execution of its strategy. The two operational changes (job-work model and the new product focus) are described as being developed or introduced; the tie-ups are only being explored, with nothing signed.

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