Rajesh Exports has reportedly cut its sales and profit forecast for FY 14 to 10% from 25% due to government measures to curtail gold imports.
The company had earlier projected 25% growth in its sales and profit for 2013/14, but an increase in import duty to 8 percent in May and a ban on consignment imports by banks to jewellers on easy terms have dented supplies for jewelers. Sales of coins and bars contribute about 10-12 percent of the company's total turnover.
Rajesh Exports is manufacturer of gold and diamond jewellery. The company has its presence in entire jewellery cycle starting from refining of gold to marketing of jewellery. The company designs jewellery according to market trend and has a portfolio of 29,000 designs.
Company Name | CMP |
---|---|
Titan Co | 3584.40 |
Kalyan Jewell.India | 419.90 |
Rajesh Exports | 317.95 |
Sagar Diamonds | 32.00 |
Senco Gold | 945.45 |
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