On Aug. 12, Indian diamond manufacturer and retailer
Gitanjali Gems reported a 39 percent net
sales growth in the first quarter of 2011.
Here are some highlights from the company’s financial
statement for the first quarter (ended June 30):
- Net sales: $573 million, up 39%
- Net profit: $27 million, up 55%
The company also announced that its leading brands—Gili,
Nakashtra, Asmi, and D’Damas—are transforming into chain stores.