Rajnish Retail Limited is making waves in the Indian jewellery market with its amazing financial success. In the last two quarters of the financial year 2023-24, the company saw a mind-blowing sales growth of 510%. This is a huge increase compared to last year’s numbers!
The company has created some of the rarest white diamonds in labs faster than anyone else. This new invention could change the entire diamond industry and how diamonds are sold worldwide.
In FY 2023-24, Rajnish Retail’s total revenue grew by 350%. Their market worth has now hit ₹250 crores. They have also received a huge order of ₹1,500 crore from top diamond companies like De Beers and Signet Jewelers to export these white diamonds.
Experts believe the company’s value might jump to between ₹2,000 crore and ₹3,500 crore soon!
Smart Moves for Growth
In July 2024, Rajnish Retail decided to widen its product range from 15 to over 100 items! This smart move helps them reach more customers and boosts their sales even more. It shows how Rajnish Retail is focused on expanding and growing.
India is the biggest diamond polishing country and the second-largest diamond market in the world. By 2032, the global diamond market could reach $138 billion. Experts think this is a great time for investors. If Rajnish Retail keeps this momentum, their stock and worth could grow a lot!
Note: This information is not from a news source. TIL does not guarantee or endorse any content mentioned here
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