Gitanjali Gems posted a good set of Q1 earnings. In an interview to CNBC-TV18, Abhishek Gupta, Group Advisor of Nakshatra World spoke about the results and his outlook for the company.
We have a good Q1 performance. Brands like Nakshatra, Gili, Asmi, Sangini, Parineeta have done well, we expect this performance to continue, he said.
We expect the performance of the overall company to continue, he added.
Speaking about initial public offering (IPO) plans for Nakshatra, he said that we have got the Securities and Exchange Board of India (SEBI) approval last month and in next 12 months, we will hit the market.