Rajesh Exports rides on retail expansion plans
Rajesh Exports, one of India's top jewellery manufacturer and exporter, plans to open 550 retail stores in three years in the country on the back of robust demand for gold jewellery despite rising prices, a top official said on Monday.
February 14, 2011 / 21:53 IST
Rajesh Exports, one of India's top jewellery manufacturer and exporter, plans to open 550 retail stores in three years in the country on the back of robust demand for gold jewellery despite rising prices, a top official said on Monday.
"The idea is to have a retail store in every corner of the country," Rajesh Mehta, chairman told Reuters.Rajesh Exports in April 2010 had said it has plans to roll out 300 stores across India. The company, which operates its retail stores under the brand 'Shubh', currently has 14 retail stores in Karnataka.Earlier in the day, the firm posted a 73% jump in net profit at 761.2 million rupees for the quarter ended Dec ember 31. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
