Gitanjali Gems, based in Mumbai, witnessed its jewellery segment grow by 159% year-on-year at Rs. 3.335 billion ($82.6 million), earning the group a 43% growth in its first quarter sales, valuing at Rs. 9.597 billion ($237.6 million). Its net earnings during the same period stood at Rs. 360.5 million ($8.93 million).
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