RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

India’s Tara Jewels Reports 13% Sales Rise in 3Q

Feb 14, 2016 10:29 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... India-based Tara Jewels reported sales increased 13 percent year on year to $83.6 million (INR 5.69 billion) in the third quarter that ended December 31. Net profit for the period advanced 2.9 percent to $2.4 million.

Sales in the nine months to December 31 rose 1.7 percent year on year to $180.2 million, according to a statement February 11 released by the jeweler, whose shares are listed on the Bombay Stock Exchange. Profit for the nine-month period dipped 7.3 percent to $4.6 million.

The company has a network of 30 stores across 27 cities. These comprise 11 shop-in-shop outlets and 19 operating-format stores. The jeweler proposes to expand its Indian retail presence through the asset-light franchise model and shop-in-shop formats and through ecommerce to help achieve expansion with lesser capital allocation, the statement said.
Tags: India, Rapaport News, retail, retail sales, Tara Jewels
Similar Articles
EnzoChow Tai Fook Buys Chinese Retailer Enzo
Jan 19, 2020
Chow Tai Fook has acquired Enzo Jewelry, a colored-gemstone brand...
Robust Jewelry Sales Boost Richemont
Signet Raises Forecast Following Strong Holiday



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us