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Rajesh Exports cuts FY14 sales, profit growth forecast to 10%: Report

26 Jun 2013 Evaluate

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.

 

Rajesh Exports Share Price

125.34 -1.36 (-1.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4526.30
Kalyan Jewell.India 426.90
Rajesh Exports 125.34
Senco Gold 326.45
Thangamayil Jeweller 4205.90
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