Rolex Rings standalone net profit declines 49.11% in the March 2024 quarter

Sales rise 5.63% to Rs 316.34 crore

Net profit of Rolex Rings declined 49.11% to Rs 23.62 crore in the quarter ended March 2024 as against Rs 46.41 crore during the previous quarter ended March 2023. Sales rose 5.63% to Rs 316.34 crore in the quarter ended March 2024 as against Rs 299.48 crore during the previous quarter ended March 2023.

For the full year,net profit declined 21.23% to Rs 156.04 crore in the year ended March 2024 as against Rs 198.09 crore during the previous year ended March 2023. Sales rose 3.63% to Rs 1221.76 crore in the year ended March 2024 as against Rs 1178.95 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales316.34299.48 6 1221.761178.95 4 OPM %22.7321.57 -21.4422.11 - PBDT75.7064.44 17 274.33270.18 2 PBT63.3757.09 11 241.70243.26 -1 NP23.6246.41 -49 156.04198.09 -21

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