Mumbai: Rajesh Exports Ltd one of India’s top jewellery manufacturer and exporter, plans to open 550 retail stores in three years in the country on the back of robust demand for gold jewellery despite rising prices, a top official said on Monday.
“The idea is to have a retail store in every corner of the country,” Rajesh Mehta, chairman said in an interview.
Rajesh Exports in April 2010 had said it has plans to roll out 300 stores across India.
The company, which operates its retail stores under the brand ‘Shubh´, currently has 14 retail stores in Karnataka.
Earlier in the day, the firm posted a 73% jump in net profit at Rs 7612 crore for the quarter ended 31 December.