The said three months delivered revenues worth Rs 2,290 crore, after a rise of 1.4 percent on y-o-y basis, reports add. Operating income rose 4.4 percent to Rs 246.83 crore.
The jewellery division noted a drop in growth, that of 31 percent on a sequential basis to Rs 1,798 crore in the second quarter. The Tanishq portfolio grew 4 percent from about Rs 1,724 crore in the last year. The company owed this to the increase in diamond sales. In its entire jewellery basket, diamond sales rose 37 percent of total jewellery sales, rising from 16 percent in the first quarter. Sales of watches dropped 6 percent to Rs 442 crore.
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