Nicely-known Jewelry producer and retailer inventory jumped as much as 13 p.c after reporting sturdy Q3 outcomes with a 93 p.c YoY enhance in Web Income.
Inventory Worth Motion
With a market capitalization of Rs. 832 Crore, the inventory of RBZ Jewellers opened at Rs. 191.05 down 2.67 p.c from yesterday’s shut, however after the announcement of outcomes throughout market hours it made an intraday excessive of 221.50 up 12.83 p.c and later closed 5 p.c up. Moreover, the 1 month’s return for the inventory is 4 p.c, and the previous yr’s return is 25 p.c.
Q3FY25 Outcomes
The corporate reported a 67.36 p.c YoY enhance in income from operations from Rs.115.80 Crore in Q3FY24 to Rs. 193.81 Crore in Q3FY25. On a QoQ foundation, the corporate reported a rise of 65.6 p.c in income from operations from Rs. 116.59 Crore within the earlier quarter.
Their Web revenue noticed a 92.92 p.c YoY enhance from Rs. 6.78 Crore to Rs. 13.08 Crore for a similar interval. On a QoQ, foundation their internet income additionally noticed a rise of 62.28 p.c from Rs. 8.06 Crore for a similar interval.
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Firm Highlights
The corporate has a buyer base throughout 19 States and 72 cities in India. It operates a contemporary gold jewellery manufacturing facility on the Sarkhej-Gandhinagar Freeway, Ahmedabad, spanning 23,966 sq. ft. The corporate additionally owns a spacious 11,667 sq. ft. retail showroom within the Satellite tv for pc space of Ahmedabad, and the corporate runs its jewellery retail enterprise beneath the identify of Harit Zaveri.
Concerning the Firm
RBZ Jewellers Restricted, established in 2008 and headquartered in Ahmedabad, India, is a distinguished producer and retailer specializing in vintage gold jewellery. The corporate designs and produces a variety of jewellery that includes conventional strategies comparable to jadau, Meena, and Kundan work, catering to each wholesale and retail markets. Within the wholesale section, RBZ Jewellers provides its merchandise to respected nationwide, regional, and native household jewelers.
Written By Abhishek Das
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