Advanced Search

Renaissance Jewellery's 3Q Sales +42%, Profit Surges

Feb 7, 2014 1:27 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Renaissance Jewellery Ltd. reported that revenue surged 41.9 percent year on year to $58.3 million (INR 3.63 billion) in the third quarter that ended on December 31. The manufacturing firm's expenses jumped 37.9 percent to $55.1 million (INR 3.42 billion)  and profit grew to $2.4 million (INR 153 million) from $350,000 (INR 23 million) one year ago.

Similarly, Renaissance Jewellery's results were equally as strong for the first three quarters of its fiscal year.  Revenue rose 40 percent to $125 million (INR 7.77 billion), expenses jumped 40 percent to $119 million (INR 7.41 billion) and profit increased 87 percent to $4.1 million (INR 253 million).

Renaissance Jewellery manufactures and sells studded jewelry in gold, silver, platinum, polished diamonds and precious color stones, and it counts Walmart, Zale, J.C. Penney, Signet, Kohl’s, Sears and ShopNBC among its clients.

Tags: Jeff Miller, profit, renaissance jewellery ltd. india, revenue, sales
Similar Articles
Indian jewelryDiamond Organizations Launch Banking Platform
May 13, 2018
Two leading industry organizations launched a digital know-your-customer (KYC) platform at a major banking summit in Mumbai on Friday.
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.