Shubh Jewellers records increase in sales in November

Shubh Jewellers , a leading Indian brand in the jewellery retail segment and a retail identity of diamond and jewellery manufacturing company Rajesh Exports, has posted an increase in its Diwali sales in November. The brand which retails across stores in India state of Karnataka, saw an increase of Rs 227 crore in its Diwali sales in November this year.

The number of footfalls increased 37 percent on y-o-y basis, reports say. Also, sales on a consolidated basis rose 45 percent on y-o-y basis, reports suggest/

The company is optimistic that as it furthers its plans to expand its retail reach, it will be successful in capturing a strong base in Karnataka and then move on to pan-India, reports add.