PC Jeweler India posted quarterly profit on holiday gold demand.

Profit was 859.2 million rupees ($10.44 million) for the three months ended September 30, compared with a loss of 788.9 million rupees a year earlier.

It was the jewelry retailer’s second straight quarterly profit after nine straight quarters of losses.

Operating income jumped 60.4 percent to Rs 8.98 billion.

“The momentum in the footsteps and spending recorded in the second quarter is expected to continue in the third quarter as well,” the New Delhi-based company said, adding that the start of the wedding season would bode well for sales.

Indians celebrate Dussehra, Diwali and Dhanteras in October, when buying gold is considered auspicious. After this festival, the wedding season, one of the main drivers of gold buying in India, will begin.

Gold prices fell to around $1,650 an ounce from more than $2,000 in March, boosting demand for bullion, coins and jewelry in Asia, where buyers usually take advantage of low prices.

The company continues to work on adding additional franchisees and has been increasing its line, variety, and pricing of its jewelry items, said PC Jeweler.

($1 = 82,3200 Indian rupees)

Serena Hoyles

"Twitter junkie. Hipster-friendly bacon expert. Beer ninja. Reader. Communicator. Explorer. Passionate alcohol geek."

Leave a Reply

Your email address will not be published. Required fields are marked *

naughty cam girls adultcamslive.cc karly_angel
hindi sex clips xlxx.pro sexy hot imges
vasundhara kashyap nude video tubeshere.info indian xvideoa
sexy lady bf tubeband.mobi girl with horse sex
xmxx motherless.pro mallu mms scandal
سكس ىابانى eroplaytube.com سكس\
wwww xxxx vidos pornindianhub.info www.xxx movie
tamil pornhub 2beeg.mobi chudaimaza
lobsters tube zatube.mobi gujarati sex videos
indian bollywood porn pornogator.net kochikame porn
bengali actress porn video free-porn-hose.net xvideo bangladeshi
boss secretary sex hdsexword.mobi xxx dasi sex video
sexxx3 hamsterporn.mobi malayalam sex with
garo xxx video brostube.mobi todayspkmovies
rajasthan sax video pelisporno.org andhra sexy video download