PC Jeweller posted earnings which appear way below the estimates on the street. Revenues have declined led by weak exports, however, the operational performance remains good. Profit growth is lower due to higher finance costs.

Talking about the Q4 numbers, Sanjeev Bhatia, CFO of the company, said, “Finance cost has come down this year ... till date, the company was using its own cash to grow its store and expand but now, we are emphasizing more on franchise stores and therefore the cash which we have will be used to reduce our working capital debt and other liabilities, this will also result in reduction of finance cost."

“We are not giving any guidance for the future prospects at this point of time, we are just waiting for this quarter to be over, then we will get to the trend,” he added.

First Published:May 28, 2018 11:11 AM IST