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Robust fundamentals, coupled with favourable economic moats, may result in the valuation gap between PC Jeweller and Titan narrowing over a period of time.
The reduction in GST rates shows that the government is looking at this industry favourably, said Sanjeev Bhatia, CFO, PC Jeweller.
PC Jeweller posted its Q1 numbers. In an interview to CNBC-TV18, Sanjeev Bhatia, CFO of PC Jeweller spoke about the performance of their company in this quarter.
Sanjeev Bhatia, CFO of PC Jeweller says stable gold prices have helped rise in demand and he does not see any scope of decline in the market.
Going ahead, Sanjeev Bhatia, CFO, PC Jeweller, expects to see improvement in sentiment during the upcoming festive season.
PC Jeweller‘s third quarter net profit surged 36.6 percent year-on-year to Rs 109.3 crore on strong revenue and operating growth.
Discussing the earnings, Sanjeev Bhatia, President - Finance, PC Jeweller, said that variation in exports is normal for the company.
The company witnessed higher profit in the second quarter due to the rupee depreciation, CFO Sanjeev Bhatia said, adding that the industry witnessed “turbulent times†in the third quarter.
Strong consumer demand is expected in FY14 in spite of all the regulatory overhangs and other uncertainties. Consumer demand for jewellery remains strong, especially in wedding jewellery there has not been any impact