Uday Jewellery Industries Ltd. Announces Job-Work Model and New Focus on Lightweight Plain Gold Jewellery
Hyderabad, 16 October 2026: Uday Jewellery Industries Limited (BSE: 539518, 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, is adding lightweight plain gold jewellery as a new focus area, and is exploring supply tie-ups with a few large corporate clients.
Details of the Business Developments
| Development | Details | Expected Benefit / Status |
| Job-work model (customer-supplied gold) | Large customers will supply the gold; the Company will manufacture the jewellery and be compensated for its manufacturing services. | Lower gold inventory requirement, improved working capital efficiency and higher overall capacity utilisation. |
| Lightweight plain gold jewellery | A new focus area being introduced and developed by the Company. | Wider product portfolio; addresses growing demand in this category. |
| Supply tie-ups with corporate clients | Exploring supply tie-ups with a few large corporate clients for the Company’s jewellery products, in addition to the large corporate houses buyers. | Preliminary stage. No definitive agreement, MoU or binding commitment has been executed. |
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.
Under the job-work model we are developing for our large customers, the customer will supply the gold and we will be compensated for our manufacturing services. This allows us to serve larger volumes without a matching increase in our own gold inventory, which we expect to improve working capital efficiency and raise overall capacity utilisation.
We are also adding lightweight plain gold jewellery as a new focus area. Demand in this category is growing, and it sits naturally alongside our gemstone-studded and CZ-studded collections, allowing us to offer our retail partners a broader portfolio.
In parallel, we are exploring supply tie-ups with a few large corporate clients. These discussions are at a preliminary stage and no definitive agreement has been signed; we will keep the exchanges and our shareholders informed as required. Our focus remains on building a more efficient, wider-reaching business that creates lasting value for our stakeholders.”
About Uday Jewellery Industries Limited
Uday Jewellery Industries Limited (BSE: 539518, NSE: UDAYJEW) is a Hyderabad-based manufacturer and B2B supplier of natural gemstone-studded fashion Jewellery and polki diamond studded bridal jewellery. It is part of the Sanghi Global Group, whose legacy dates back to 1905, when the Group first supplied jewellery to the court of the Nizam of Hyderabad. Managed by fourth-generation jewellery professionals, the Company combines the Hyderabadi Nizami design tradition with modern manufacturing. The Company’s range includes rings, earrings, bracelets, bangles, necklaces and choker sets, in both heritage-inspired and contemporary styles. Its in-house design team uses CAD/CAM, 3D printing and laser engraving to create custom collections for India’s leading retail jewellery brands. Its main market is organised retailers across India, and it has also served the Middle East since 2018, with exports to the UAE and the USA. To build on this base, the Company is developing a job-work model for large customers and adding lightweight plain gold jewellery as a new focus area. Together, these are expected to widen its product range and improve operating efficiency.