Sales and other income for the financial year 2016-2017 increased by 1.59% to Rs 1,29,478 lakhs against Rs 1,27,448 lakhs in the previous financial year. Your company marched forward with unabated enthusiasm despite the hostile environment which prevailed in the industry throughout the year. It spruced up its showrooms; incorporated cutting-edge technologies for its website and online sales; refined the site content and employed effective cost management measures. All these initiatives eventually paid off, resulting in improving the overall performance and profitability of the company.
During the financial year, under discussion, the off take of gold ornaments stepped down by 17%. The company envisages a wider scope of expansion of business by opening new sales outlets in northern districts of TamilNadu to grow by leaps and bounds in the current financial year.