Currently, duty for gold that companies import stands at 10 percent but a reduction in duty will help consumers, says Nilesh Parekh, Chairman of Shree Ganesh Jewellery House.

Shree Ganesh Jewellery eyes hike in sales on gold price dip

Gold is in a bear market now, with prices falling about 22 percent from their recent peak. But there is no fear of the sector incurring losses, because companies don‘t keep gold stocks in their books, says Nilesh Parikh, chairman, Shree Ganesh Jewellery.

Jewellery import not too affected by import duty hike

Speaking to CNBC-TV18, Nilesh Parikh, chairman of Shree Ganesh Jewellery says that the mismatch between import of gold bars and jewellery could be a loophole that jewelers will now look to exploit.

'Organised sector may survive low jewellery import duty'

Nilesh Parikh, chairman, Shree Ganesh Jewellery, explains the impact of the lowering of import duty on domestic demand and local manufacturing units.

Gold import duty hike won't impact business: Shree Ganesh

Nilesh Parekh of Shree Ganesh Jewellery tells CNBC-TV18 that the hike in gold import duty will not have any impact on business.

See 25% topline growth this year: Shree Ganesh Jewellery

In an interview to CNBC-TV18, Nilesh Parikh, chairman of Shree Ganesh Jewellery House says, the company will be able to achieve 25% top-line growth this year.

Shree Ganesh Jewellery eyes 35-40% sales growth this season

From now till March, good days for the jewellers start, said Nilesh Parikh, chairman of Shree Ganesh Jewellery. Parikh expects a 10% of the total domestic turnover on coming two-three days with the festive mood head. Moreover, the company expects a growth rate of 35-40% on the topline on the retail side.

Bharti Retail JV to boost profit by 15%: Shree Ganesh Jewel

Shree Ganesh Jewellery has tied up Bharti Retail in a bid to have a shop-in-shop alliance. Nilesh Parikh, chairman of Shree Ganesh Jewellery, tells CNBC-TV18 that alliance with Bharti Retail has been an encouraging event for the company and it may come out with 23-30 new stores this year in a shop-in-shop format.

NBFC business to rollout by Dec: Shree Ganesh Jewellery

In an interview with CNBC-TV18, Chairman of Shree Ganesh Jewellery House Nilesh Parikh says the company is also looking at capitalizing on lending against gold.

Shree Ganesh Jewel denies default; eyes 35-40% growth

Shares of Shree Ganesh Jewellery House slumped over 19% today on major customers’ default rumours. Talking on the recent volatility in stock prices, the company’s CFO Ashok denied these hearsays as baseless

Will add 30 stores by next year: Shree Ganesh Jewellery

Shree Ganesh Jewellery House Ltd has had a rollicking run in the last three months. The stock has moved up about 54% in the last three months alone. Ashok Sahni the CFO of the company talks about the latest developments and happenings in his company and sector.

Shree Ganesh to pump USD 50-70m for overseas acquisitions

Umesh Parekh, MD, Shree Ganesh Jewellery House in an interview with CNBC-TV18 said that the company is looking to acquire chain of stores in UAE and USA.

Shree Ganesh Jewellery to add 30 stores next year

Umesh Parekh, MD of Shree Ganesh Jewellery, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, spoke about the recent happenings in his company and the road ahead.