Gili investing huge to expand retail network

Gitanjali Gems’ premium diamond jewellery brand Gili plans to expand its retail network in smaller towns even as it eyes a 50 per cent top-line growth this fiscal. Gili, the wholly-owned subsidiary of Gitanjali Gems, is looking at opening 31 stores this fiscal at an investment of Rs 200 crore. As the company is looking at expanding its store network to 50 this fiscal, total number of stores the company has as of now counts 19 EBOs besides 400 shop-in-shops. The company’s main focus will be on Tier II and III cities as the growth is coming in from there segments. Of course, Gili’s new stores will be a golden opportunity for in-store signage players and others like PSPs, sign suppliers, fabricators engaging in the retail sector.