Q3FY17 Results : KDDL
Bhagyashree Vivarekar / 14 Feb 2017
The company reported PAT of Rs 2.59 crore, as against the net loss of Rs. 0.13 crore in last quarter.
KDDL Ltd. reported its results for the quarter ended December 31, 2016 today.
The company reported total sales of Rs 126.15 crore for Q3FY17, which represents a 6.94 per cent sequential increase and 3.7 per cent YoY decline.
Its operating profit (EBIT) for the quarter came in at Rs 6.73 crore and its EBIT margin stood at 5.33 per cent on the back of higher portion of online billing and increased sales at lower operating costs.
The company reported PAT of Rs 2.59 crore, as against the net loss of Rs. 0.13 crore in last quarter.
In Q3FY17, Ethos along with Helios (retail arm of Titan Ltd) became exclusive retailers for Favre–Leuba watches in India.
KDDL is a leading supplier of premium watch components – watch dials and watch hands. It caters to demand from international brands in Switzerland and India. It is also engaged in manufacturing of high precision stamping parts and precision. The company’s subsidiary Ethos is largest retail chain of luxury watch studios in India. It operates 35 premium watch boutiques across country.
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