Goenka Diamond earmarks Rs 100 crores

Anticipating huge demand of the diamond jewelry, Goenka Diamond and Jewels roadmaps to take up the investment up to Rs 100 crore to expand its business.

The plan also includes to open 19 more outlets across the country to boost its growth in the next 18 months to reach the final figure of 24.

"We are looking at opening 19 more stores over the next 18 months with an investment of Rs 100 crore. Of this 17 will be G Wild and two will be Ceres stores," GDJ's Managing Director, Navneet Goenka, said.

Of these 19 stores, 17 outlets would be G Wild and two would be Ceres stores.

The company expects to grow 25% top-line growth and 9% bottom-line to around Rs 60 crore.