Key Points
BENGALURU, Nov 6 (Reuters) - Indian jeweller Tribhovandas Bhimji Zaveri (TBZL.NS) reported a near 65% rise in second-quarter profit on Monday, buoyed by lower expenses and strong diamond demand...
The company said its consolidated net profit rose to 90.1 million Indian rupees ($1.08 million) for the quarter ended September 30, from 54.7 million rupees a year earlier...
The growth in its diamond jewellery segment remained steady that helped cushion the blow from higher gold prices on the margins, Tribhovandas said...
But for the second time straight, the gold and diamond jewellery maker saw lower sales with total revenue from operations down 10.5% at 4.81 billion rupees in the September quarter, compared with last year...
Its larger rival Titan (TITN.NS) last week reported a 9.7% rise in quarterly profit, beating analysts' estimates, on strong demand for its Tanishq gold jewellery..
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