Gili, the diamond jewellery brand of Gitanjali Group, is planning to open 25 stores in FY12. It currently has 22 EBOs in India.
“We will open a mix of company-owned and franchised outlets in FY12. Per store, the investment ranges from Rs.1.5-2.5 crore,” said Rahul Vira, CEO, Gili India Ltd.
He further said, “Gili contributes around 8-9 per cent to the revenue pie of Gitanjali Gems Ltd.”
Moving ahead with its expansion plans, Gili recently opened an EBO in Jodhpur. The franchised store at Aanchal Shopping Complex, Jodhpur is spread over an area of 550 sq.ft and houses the entire collection of Gili.
– Shubhra Saini