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PC Jeweller’s FY 2013 Net Profit rises 26% at Rs 290.66 crore, Net Income at Rs 4018 cr


PC Jeweller Limited (PCJ) – one of India’s leading jewellery houses – today announced their annual and fourth quarter results for Financial Year 2013. Annually, the Company reported net profit of Rs 290.66 crore, a rise of 26% from Rs 231.29 cr in FY 2012. Net income for FY 2013 stood at Rs 4018.42 cr, against Rs 3041.93 cr from the corresponding period last fiscal, recording a growth of 32%.

For the last quarter, PC Jeweller achieved top-line of Rs 1,144.19 cr comprising domestic turnover of Rs 884.82 cr and export turnover of Rs 259.37 cr. Net profit for Q4 stood at Rs 82.46 cr. The company’s profit before finance costs and exceptional items was reported as Rs 491.99 cr for FY 2013, while for Q4 FY 2013 stood at Rs 142.17 cr. The annual and quarterly EPS of the company was Rs 19.86 and Rs 4.60 respectively. The Board of Directors have announced a dividend of Rs 1 per share (10%) for the year FY 2013.

Commenting on the annual and quarterly performance, Mr Balram Garg, MD, PC Jeweller Ltd said: “The FY 2012-13 has been a very special year for the company as it has been able to realize its dream of being a listed entity. We feel specially honoured as investors have shown faith in us and our business model. The Board of Directors have also appreciated the investors’ enthusiasm for the company and accordingly recommended for dividend payment. The company would continue to focus on its established business model during the current year expansion plan as well”.

Having opened six new showrooms last fiscal, the Company plans to open 20 new outlets in urban and semi-urban areas by the end of FY 2014. With diamond jewellery gaining mass appeal among citizens, PCJ has maintained key focus on this segment, which constitutes a major part of their sales. Confident of sustaining growth volumes and margins, PCJ has augmented its manufacturing and designing capabilities for diamond jewellery.

While the Company procures loose cut and polished diamonds from numerous vendors in Surat and Mumbai, it procures gold on lease basis and has signed gold lease agreements with many nominated agencies and banks in order to ensure an uninterrupted supply of gold.

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About PC Jeweller Limited:
One of India’s leading jewellery companies, PC Jeweller offers a wide range of products, including gold, diamond and other jewellery, with major thrust on diamond jewellery and jewellery for weddings. With significant jewellery manufacturing capabilities, the Company presently has five jewellery manufacturing facilities in Selaqui (Dehradun), Noida and SEZ Noida that cater to sales in India and abroad. Presently, it has 36 showrooms across 28 cities in India. For additional details, visit: www.pcjeweller.com. 

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