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PC Jeweller gets loan recall notices from four banks

PTI -
SBI has initiated recovery proceedings against the company and the matter is now pending before the Debt Recovery Appellate Tribunal (DRAT) New Delhi: PC Jeweller Ltd on Tuesday said four banks namely IDBI Bank, Indian Bank, Bank of India and...
Retail

PC Jeweller reports Q2 net loss of Rs 53.68 cr

Indiaretailing Bureau -
PC Jeweller on Monday posted a consolidated net loss of Rs 53.68 crore for the second quarter of 2020-21 fiscal on sharp fall in sales. According to a PTI report: The company had clocked a net profit of Rs 46.38...
Research

Titan 4th fastest growing global luxury firm: Report

IANS -
Watches and jewellery maker Titan Company is the fourth fastest growing luxury company in the world with a compound annual growth rate (CAGR) of 19.7 percent during the financial years 2015-2017, a Deloitte report said on Wednesday. Titan is a...
Retail

PC Jeweller Q2 net profit slumps 37.76 pc on poor sales

Indiaretailing Bureau -
PC Jeweller Wednesday reported a 37.76 percent drop in standalone net profit at Rs 93.72 crore during the second quarter of 2018-19 due to sluggish sales. The company had clocked a net profit of Rs 150.59 crore in the...
Retail

PC Jeweller Q3 profit up 52 pc at Rs 162.71 cr on higher sales

Indiaretailing Bureau -
PC Jeweller Ltd has reported 52 percent increase in its net profit at Rs 162.71 crore for quarter ended December on higher sales and profit margins. The company, which has 84 retail jewellery stores across the country, had posted a...
Retail

PC Jeweller eyes 30 pc average growth in sales from domestic, exports market

Indiaretailing Bureau -
PC Jeweller's turnover is likely to cross Rs 10,000 crore this fiscal with the company expecting about 30 per cent average growth in sales from domestic and exports market. According to a PTI report: The national capital-based jewellery major has...
Retail

Top 50 Luxury Brands in the World: LV tops lot, 3 Indian brands also in list

Indiaretailing Bureau -
Three Indian companies — Gitanjali Gems, Titan and PC Jeweller — have been named in the list of top 50 luxury goods firms globally that was topped by Louis Vuitton. Gitanjali Gems Ltd was placed in the 30th rank, followed...
Retail

Gitanjali Gems’ Nakshatra files draft papers for IPO

Indiaretailing Bureau -
Gitanjali Gems’ arm Nakshatra World Ltd has filed draft papers with capital markets regulator Sebi to float an initial public offering. According to a PTI report: The IPO comprises 1.8 crore equity shares of Nakshatra World, which offers jewellery under...
Retail

PC Jeweller posts 27.39 pc fall in standalone net profit at Rs 106.97 crore in Q3

Indiaretailing Bureau -
PC Jeweller has posted a 27.39 per cent fall in its standalone net profit at Rs 106.97 crore in third quarter of 2016-17 due to poor domestic sales following demonetization. According to a PTI report: The company had clocked a...
Latest News

PC Jeweller to raise up to Rs 257 cr from Fidelity for expansion

Indiaretailing Bureau -
P C Jeweller recently announced that the company will raise up to Rs 257 crore through issue of preferential shares to US-based investment firm Fidelity for business expansion. In May, the firm had raised Rs 427 crore from DVI Fund...
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