Shubh Jewellers posted excess sales of Rs 227 crore during Diwali

KOLKATA: Shubh Jewellers, the retail brand of Rajesh Exports Ltd, has posted a sales in excess of Rs 227 crore during the Diwali month of November at its 80 retail stores in Karnataka Nearly 743 kilos of jewellery was sold in a retail area of about 48,000 square feet. During the month there was a footfall of 97322 customers and 64312 conversions were recorded with a sale of 79,347 pieces of jewellery.

Commenting on the performance chairman Mr Rajesh Mehta said: "We are still in very early days of our retail expansion and our R&D team is working relentlessly to create better designs to be offered to the retail customers. I amo confident that we would be able to capture a large percentage share of retail jewellery business in Karnataka to start with and then expand pan-India to extend our offerings to the retail customers across the country."

Shubh Jewellers on a consolidated basis has recorded an increase of 45% in sales over the corresponding period of the previous year. Similarly, there has been an increase of 37% in footfalls compared to the same period of previous year.

The R&D department of Rajesh Exports has created 1,000 new designs for the forthcoming wediing seasons. These designs would be introduced to Shubh Jewellers stores from January 15. With the introduction of new designs Shubh Jewellers is confident of further consolidating its performance during the wedding season.