Debt financing
Jewellery retailer Joyalukkas secures AED 500-M from Emirates NBD
Thrissur, Kerala and Dubai-based jewellery retailer Joyalukkas has secured AED 500 million working capital facility provision from Emirates NBD, a banking group in the MENAT (Middle East, North Africa, and Turkey) region.The funding will offer working capital on a revolving basis, enabling the company to draw and repay funds as needed and ensure timely access to inventory financing and liquidity to support peak trading periods and supplier commitments.Founded in 1988, Joyalukkas operates more than 150 stores, spread across 11 countries in addition to its online stores.
For FY24, Joyalukkas had reported about INR 16,903 Cr in Operating Income and about INR 1,020 Cr in PAT.
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