Rajesh Exports has reserved Rs 6,500 crore for its entry in the retail segment to establish a 550-store network pan-India by 2014.

Mr. Rajesh Mehta, chairman Rajesh Exports stated, "We have already launched our retail operations under the brand-name Shubh Jewellers. We are now scaling up our operations and plan a 550 strong store-network at an investment of Rs 6,500 crore in the next three years."

Presently, the top gold jewelry-maker and exporter owns 29 Shubh Jewellers outlets.

Rajesh Exports has declared a phenomenal increase in the standalone net profit for the three month period ended December 2010.

During the said quarter, the company's net profit surged 73.39% to Rs 761.20 million as compared to Rs 439.00 million during the same period of 2009.

Net sales for the said quarter grew by 14.20% to Rs 51,758.72 million.

The company has registered an increase of 14.21% in its total income, which remained at Rs 51,763.90 million as against the prior year period.

Today, the stock of the company opened at Rs 136.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 145.35 and a low of Rs 76.50 on BSE.

Current EPS & P/E ratio stood at 10.21 and 13.33 respectively.