'Rolex
Rings standalone net sales have increased 11.60% to Rs 320.78 crore in Q2FY24
compared to Q2FY23. Operating profit
margin has declined from 22.16% to 21.04%, leading to 5.95% rise in operating
profit to Rs 67.48 crore. Raw material
cost as a % of total sales (net of stock adjustments) increased from 49.38% to
52.37%. Employee cost decreased from
5.09% to 4.98%. Other expenses fell
from 24.25% to 21.94%.
Other
income fell 29.52% to Rs 3.82 crore.
PBIDT rose 3.17% to Rs 71.3 crore.
Provision for interest fell 40.98% to Rs 1.21 crore. Loan funds declined from Rs 170.87 crore as
of 30 September 2022 to Rs 40.44 crore as of 30 September 2023. Inventories declined from Rs 275.50 crore as
of 30 September 2022 to Rs 263.18 crore as of 30 Sept...
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