India, May 23 -- India's organised gold jewellery retail sector is likely to see a further 13-15 per cent year-on-year decline in sales volumes this fiscal, following an 8 per cent drop last year, amid elevated gold prices and the recent import duty hike, a report said on Friday.

However, the sector is poised to achieve a robust revenue growth of 20-25 per cent year-on-year, driven by higher realisations, Crisil Ratings said in a report.

Elevated gold prices will lead to increased inventory holding costs and higher bank borrowings, however, a growth in both revenues and cash accruals will offset higher reliance on debt, resulting in stable credit profiles, as per the report.

In FY26, India imported 720 tonnes of gold, leading to a fore...