PC Jeweller’s Q3 Net Profit stands at Rs 79.98 crore

Leading jewellery brand PC Jeweller Limited (PCJ) has announced its October-December quarter results for the financial year 2013-2014. The company reported a net profit of Rs 79.98 crore for the third quarter of FY2014 whereas the net sales stood at Rs 1297.95 crore.

The topline of the company comprised of a domestic turnover of Rs 1033.96 crore and export turnover of Rs 263.99 crore. The company’s profit before finance costs and exceptional items was reported as Rs 152.72 crore for Q3 FY2014 and the EPS for the quarter was Rs 4.47.

For the nine-months comrising April – December, the company reported a net profit of Rs 272.74 crore whereas the net sales stood at Rs 3788.68 crore for 9MFY2014.

For the same nine-months period, the topline of the company comprised of a domestic turnover of Rs 2898.5 crore and export turnover of Rs 890.15 crore. The company’s profit before finance costs and exceptional items was reported as Rs 454.90 crore for 9M FY2014 and the EPS was Rs 15.23.

In the last quarter, PC Jeweller opened four showrooms in Hyderabad, Rajkot, Bangalore and Mangalore whereas a second showroom in Ahmedabad has also been opened in January following the success of the first launch. The total number of showrooms has reached to 41 across 33 cities in India as of today. During the calendar year, the company expanded its footprints in three new states namely Gujarat, Karnataka and Andhra Pradesh.

As the company has entered the fourth quarter, they have already done a launch at Ahmedabad and have plans to open more showrooms in newer cities to tap the untouched markets. The company has also launched new jewellery ‘SPECTRUM’ in the last quarter and has plans to launch a new collection in the present quarter as well.

PC Jeweller has plans to take the total number of stores to 50 by September 2014.

About PC Jeweller Limited

BSE: 534809 | NSE: PCJEWELLER

PC Jeweller Limited is one of the leading jewellery companies in India. The company offers a wide range of products including gold jewellery, diamond jewellery and other jewellery with a thrust on diamond jewellery and jewellery for weddings. PC Jeweller has significant jewellery manufacturing capabilities and currently has four jewellery manufacturing facilities that cater to their sales in India & Abroad. The company currently has 41 showrooms at present across 33 cities in India. For additional details, please visit www.pcjeweller.com.

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