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Following the strategy of Titan Industries, Gitanjali Gems has increased its focus on jewellery retailing.
With this strategy of moving up the value chain and increased focus on
branded products, the company expects to improve its margin which has
more than trebled in the last six years.
In FY11, retail business was only 13% of total sales. However, with the increase in the number of franchisees, the company expects the share of retail to total sales to increase to 15%.
Source: http://articles.economictimes.indiatimes.com/2012-02-24/news/31095650_1_retail-business-gitanjali-gems-jewellery
In FY11, retail business was only 13% of total sales. However, with the increase in the number of franchisees, the company expects the share of retail to total sales to increase to 15%.
Source: http://articles.economictimes.indiatimes.com/2012-02-24/news/31095650_1_retail-business-gitanjali-gems-jewellery