PC Jewellers net dips 15% to ~138.34 crore

PC Jewellers’ stand-alone net profit declined about 15 per cent to ~138.34 crore in the December 2018 quarter as compared to the year-ago period, mainly due to lower revenues.

Its net profit was ~162.7 crore in the quarter ended on December 2017, according to a filing with the BSE.

Total income in the quarter fell to ~2,164 crore as against ~2,690.59 crore a year ago.

The company on Saturday said it continues to work on transformation of its business model by reducing its export turnover, which is reflected in decline of ~1,200 crore in the export turnover on a YoY basis.