Rajesh Exports advances on its retail brand reporting record sales during Festive season

Rajesh Exports is currently trading at Rs. 140.80, up by 0.70 points or 0.50% from its previous closing of Rs. 140.10 on the BSE.

The scrip opened at Rs. 141.30 and has touched a high and low of Rs. 141.30 and Rs. 139.30 respectively. So far 5814 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 151.00 on 31-Oct-2011 and a 52 week low of Rs. 82.10 on 02-May-2011.

Last one week high and low of the scrip stood at Rs. 141.30 and Rs. 128.20 respectively. The current market cap of the company is Rs. 4158.74 crore.

The promoters holding in the company stood at 50.51% while Institutions and Non-Institutions held 20.05% and 29.44% respectively.

Shubh Jewellers the retail brand of Rajesh Exports has posted record retail sales during the Diwali and Christmas festival season. During the two festive weeks of Diwali and Christmas the 75 retail stores of Shubh Jewellers recorded sales in excess of Rs 90 crore, wherein more than 330 kilos of jewellery was sold in a retail area of about 45000 sq ft. During the two weeks there was a footfall of 37616 customers and 28454 conversions were recorded with a sale of 67414 pieces of Jewellery.

Shubh Jewellers on a consolidated basis has recorded an increase of 223% over sales during the same period last year and has recorded an increase of 215% over the footfalls recorded during the same period last year. With this performance during the festive season Shubh Jewellers has clearly emerged as the largest and the most preferred retail jeweller in Karnataka.

The R&D department of Rajesh Exports has created 2000 new designs for the oncoming wedding season, these designs would be introduced in Shubh Jewellers stores between January 15 till the end of April and with the introduction of these new designs Shubh Jewellers is confident of further consolidating its performance during the wedding season.

Shubh is currently offering to the retail consumers 100% hallmarked jewellery of the finest designs at the lowest prices in the world, which has been made possible due to the incomparable backward integration strengths of Rajesh Exports. The response from the retail consumers of gold jewellery in Karnataka to Shubh has been very encouraging, making Shubh the most preferred and a household jeweller in Karnataka.

Rajesh Exports was established in the year 1990 as a gold jewellery manufacturing company, with its retail initiative, under the brand name of Shubh Jewellers, Rajesh Exports has emerged as the largest retail jeweller in the south Indian State of Karnataka, and has also emerged as the only fully integrated gold jewellery company in the world.