Shree Ganesh profit up 8%

Shree Ganesh Jewellery House Ltd reported a standalone net profit of Rs 69 crore — up nearly 8 per cent — and a consolidated net profit of Rs 81 crore, up by nearly 27 per cent, for the quarter to June 30. Standalone income stood at Rs 2,406 crore, up 94 per cent, while the consolidated income went up 89 per cent to Rs 2,572 crore. During the April-June quarter, the company has entered into a shop-in-shop tie up with Bharti Walmart for retailing its jewellery. The tie-up is to be operational in the second quarter of FY'12.