Friday, 16th December 2005 (4172 views)

Top Indian jeweller Rajesh Exports is anticipating top-line growth of ten per cent for the present financial year, reports the Business Standard.

The company is predicting a 12.5 per cent growth in year-on-year turnover, while its net profits will increase 51 per cent to a total of Rs 65 crore.

Company chairman Rajesh Mehta told the Business Standard: "Despite rising gold prices, [the] jewellery export market is witnessing good demand."

He said that Dubai was a principal buyer in the approach to its annual gold festival and also mentioned Singapore and Kuwait as large gold markets.

Rajesh Export is intending to take over an unnamed jewellery chain and is set to launch an Indian branded and retail gold enterprise next year.

This will see it creating four lines of gold jewellery as well as creating a gold-minting service.

 

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