Jewellery maker Rajesh Exports today posted marginal three per cent rise in net profit at Rs 98.26 crore for the first quarter ended June 30.
The company had reported a net profit of Rs 95.12 crore during the April-June quarter of 2011-12.
The revenues for the reported quarter went up to Rs 4,967 crore compared to Rs 4,723 crore in the same quarter last year, a company release said.
"The company has achieved an impressive growth in its retail business, and Shubh Jewellers has emerged as a household brand in Karnataka. I am confident that in the near future SHUBH Jewellers will emerge as the largest retailer of jewellery in the country," Chairman of the company Rajesh Mehta said.
The company will be aggressively expanding its retail presence across the country over a period of time, he added.
