Jewellery brand PC Jeweller (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 with the net sales of Rs 1297.95 crore.
The topline of the company comprised a domestic turnover of Rs 1033.96 crore and export turnover of Rs 263.99 crore. PC Jeweller’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 comprising 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.
The topline of the company comprised a domestic turnover of Rs 2898.5 crore and export turnover of Rs 890.15 crore for the same nine-months period. Profit before finance costs and exceptional items was reported as Rs 454.90 crore for 9M FY2014 with an EPS of Rs 15.23.
In the last quarter, PCJ opened four showrooms in Hyderabad, Rajkot, Bangalore and Mangalore. The company also opened its second showroom in Ahmedabad in January. It now has 41 stores across 33 cities in India. During the calendar year, the company expanded its footprint in three new states namely, Gujarat, Karnataka, and Andhra Pradesh.
According to the company officials, PCJ now plans to take the total number of stores to 50 by September 2014.