Jewellery manufacturer and exporter Rajesh Exports saw a 50 per cent growth in net profit for the quarter ended December 31, 2011, primarily due to growth in its retail business under the Shubh Jewellery brand. The net profit after tax was Rs 114.7 crore.
The company's revenues for the quarter were Rs 6,518.2 crore and its EPS was Rs 3.89 has been declared.
Over the next few months, the company plans to open 50 more Shubh Jewellers showrooms in Karnataka and would also expand its retail presence in Tamil Nadu, Andhra Pradesh and Karnataka before it expands across the country. The company has plans to open 500 Shubh Jewellery showrooms by 2014. At present, the company has 75 Shubh Jewellers retail showrooms.
The company currently holds an order book of Rs 4,912 crore and expects to complete the orders by the end of March 2013.