Gitanjali plans to roll out more stores to increase reach

Gitanjali Gems Ltd, India’s biggest jewellery retailer that owns brands such as Asmi, Ddamas, Nakshatra and Gili, plans to double its reach in a year’s time to cover two million sq ft of retail space as it rolls out new stores in smaller towns, railway stations and cinema theatres. The jewellery firm more than trebled in size in four years from Rs 1621 crore in sales in 2005-06 and is slated to end this fiscal with a growth of at least 35 percent in net sales. Opening of new Gitanjali stores is indeed an unmatched opportunity for in-store signage companies as well as print providers and sign suppliers as well.