PC Jeweller posts Rs 90-cr profit

Jewellery brand PC Jeweller Ltd has reported a net profit of Rs 89.95 crore in the first quarter ended June 2013. Net sales stood at Rs 1,379 crore, of which Rs 200.97 crore was from exports and Rs 1,178 crore from domestic sales. PC Jeweller got listed last December after a Rs 600-crore initial public offer. The jeweller has 36 retail stores. Balram Garg, Managing Director, said: “We intend to open 14 more showrooms in this financial year, which shall take our total tally to 50.” Shares of the company moved up by 4.33 per cent to settle at Rs 89.15 on the BSE on Wednesday.