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Parekh says despite the steep fall in gold prices globally, the fall in rupee terms has been just around Rs 1000 per 10 grams because of the depreciation in the currency against the dollar
Domestically, the company plans to be more in retail space than wholesale space because retail space will have better profit margins, which in turn will help their bottomline.
Umesh Parekh, MD, Shree Ganesh Jewellery, says that sales in the current year has been flat compared to last year. However, he expects robust growth going forward and increase in both top line and bottom line by the end of the year.
In an interview with CNBC-TV18, Umesh Parekh, MD, Shree Ganesh Jewellery House Ltd, says this year’s top-line has reached Rs 5,200 crore. He further says, top-line would be around Rs 7,000-7,500 crore in FY12.