Gitanjali Gems, a manufacturer and retailer of jewellery has reported results for the quarter ended December 31, 2011.
The company has reported a 28% rise in net profit at Rs 129 crore for the quarter ended December 31, 2011against Rs 101 crore in the same period a year ago. Sales rose by 33% to Rs 3,526 crore for the quarter under review as against Rs 2,654 crore in December 2010.
Gitanjali Group's has operational presence starting from sourcing of rough diamond, cutting, polishing and distributing, to jewellery manufacturing, which includes designing, mould making, wading, casting, sprue grinding, filing, polishing and setting. The company was first to offer diamond studded jewellery at reasonable prices.
