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India’s PC Jeweller 2Q Revenue +113%, Profit +18%
Nov 9, 2015 10:57 AM
By Rapaport News
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RAPAPORT... New
Delhi-based group PC Jeweller reported a 113 percent surge in second-quarter sales
to $251.2 million (INR 16.7 billion).
Net
profit in the three months that ended September 30 rose to $14 million, an 18
percent jump from a year ago, the Indian jewelry retailer said in a statement.
Exports
soared 98 percent to $56.6 million and domestic sales added 30 percent at
$194.6 million. Profit on exports surged 25 percent to $4 million and on domestic
business grew 4 percent to $24.5 million, the statement said.
In the
six months ending September 2015, the company posted a 27 percent revenue
increase to $478.7 million. Net profit advanced 18 percent to $26.4 million.
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Tags:
India, PC Jeweller, Rapaport News, retail
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