PC-Jewellers-standalone-net-profit-fell-over-34-per-cent-in-Q4

PC Jewellers standalone net profit fell over 34 per cent in Q4

PC Jewellers reported over 34 per cent fall in standalone net profit at 79.05 crore in the fourth quarter of the 2015-16 fiscal on poor sales. The company had posted a net profit of 120.13 crore in the same quarter of 2014-15, it said in a BSE filing.

Net sales dropped to 1,898.34 crore in the January-March quarter of the 2015-16 fiscal from 2,020.19 crore in the year-ago period. The revenue from domestic sales fell to 1,337.68 crore from 1,464.65 crore, while the income from exports was slightly better at 560.66 crore as against 555.54 crore in the said period, the filing said. The company’s expenses, however, remained slightly lower at 1,744.54 crore as against 1,820.95 crore in the said period.

The company is engaged in the business of manufacture and sale of gold jewellery, diamond studded jewellery and silver articles.

Courtesy: Economic Times