The jewellery unit performance dropped 10 percent to Rs.2325 crore, while the watch segment grew 10 percent to Rs. 439 crore, reports say. The company noted that its jewellery business was hit by the government rules imposed on gold imports. Although it also noted that the consumer spend has been more stable in this quarter over the previous months, reports add.
Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet