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Rajnish Retail's overall revenue increased by 350% in FY2023-24. The company's market capitalisation has reached ₹250 crores.
Following this major development, the company has received a huge order worth ₹1,500 crore from the world's leading diamond companies, De Beers and Signet Jewelers, for exporting white diamonds. Market analysts now predict an increase in the company's valuation, ranging from ₹2,000 crore to ₹3,500 crore.
Strategic moves that drove growth
In July 2024, the company decided to expand its product range from 15 to over 100 items. This strategic expansion helped target multiple consumer segments, directly impacting the company's sales and revenue. This move highlights Rajnish Retail's approach to portfolio diversification and growth.
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