Home Retail Gitanjali Gems net sales up 42.8 per cent at Rs.2,509.7 crore

    Gitanjali Gems net sales up 42.8 per cent at Rs.2,509.7 crore

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    Branded jewellery company has reported a 42.8 per cent increase in net sales at Rs.2,509.71 crore for the quarter ended September 30, 2010, as compared to Rs.1,757.7 crore in the corresponding quarter last fiscal.

    Gitanjali Group enters into exclusive partnership with Reliance Retail's Project Eve
    The collaboration of Gitanjali Group will give the consumers visiting Project Eve stores the opportunity to shop for premium, high quality jewellery collections within an exclusive, international ambience

    For the quarter under review, the group also registered a 52 per cent increase in net profit at Rs.80.04 crore, against Rs.52.74 crore reported in the same quarter of last fiscal year. Commenting on the company performance, , MD, Gitanjali Gems Ltd, said, “The momentum in domestic market has been the biggest contributor to this growth.”

    He further said, “Focusing on the franchise network, we look forward to penetrating into the hinterlands of the country where the entrepreneurial generation is untapped.”

    – IndiaRetailing Bureau