10 Cos Benefitting From Rupee Downfall

By siliconindia   |   Tuesday, 20 December 2011, 01:58 IST
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9) Mirza International:

Mirza International in one of the leading leather-based product companies in India. It caters to customers from all over the world. It registered sales of 155.46 crores and a net profit of 11.27 crores in September, 2011. It is also planning to divest in a sister company, Mirza (UK). The Europe crisis does not seem to have much effect on Mirza International but the rupee down-slide might catch up to it.

10) Gitanjali Gems:

The reputed Gitanjali Gems mostly caters to the US in foreign markets. It has various companies under its wing, namely – Gili, Asmi, Nakshatra, Sangini and the like, apart from jewelleries, Gitanjali Gems also manufactures watches. It was also involved in a number of acquisitions of foreign companies in the last few years. It registered net sales of 3167.6 crores, for the quarter ended September, 2011, indicating a 26.2 percent growth over the last year. It also registered a net gain of 132.2 crores in the same quarter. This growth has been contributed to better consumer reaction from Tier II and Tier III cities in India. Brand name is also a strong point of Gitanjali Gems and, hence, the growth.