Rajesh Exports profits are up by 3.25 per cent to Rs 98.2 crore on a consolidated basis for the first quarter this fiscal.
The company’s revenues were also up 5.15 per cent to Rs 4,967.1 crore in the same quarter, while EPS for the quarter stood at Rs 3.33 compared with Rs 3.22 for the last year.
According to Rajesh Mehta, Chairman of the company, “We will be aggressively expanding our retail presence across the country. The company has plans to open 40 more Shubh Jewellers showrooms in Karnataka, within the next two quarters, which would complete its retail expansion plans in the State."
“The company would be further expanding its retail presence in the other three Southern States, and further to a pan Indian presence. The company has plans to open 500 Shubh Jewellery showrooms by 2014. Currently, the company has 80 Shubh Jewellers, retail showrooms,” he added.