Fortune seems to shine on Rajesh Exports after it acquired the world’s largest gold refiner, Valcambi, for $400 million in July 2015. For July-September, the company posted stellar results. Speaking to Bloomberg TV India, Rajesh Exports Chairman Rajesh Mehta confided that the company plans to enter the retail segment through e-commerce.

What are the main reasons for the stellar Q2 performance?

We have posted record performance both in revenues and in profits. The primary reason for such record performance is Valcambi, which we acquired last quarter. The numbers of Valcambi have been consolidated into our original number of Rajesh Exports.

Give us a sense of the outlook as far as the incremental revenues will look like in the coming months.

After the acquisition we have been having a very smooth integration with Valcambi. What we are looking at is various factors that are complimentary to Valcambi and Rajesh Exports. Because of the synergies, both the companies are likely to post better results. In fact, they have already posted better results in this quarter itself. So with the integration of Valcambi and with our foray in into retailing — we are going to increase our presence in retailing to increase our profitability — we are expecting very good numbers in the coming quarter in both topline and bottomline. So I think we would in future see an increase in the revenues and profits as well.

Margins in this quarter have been muted. You expect that to improve going forward?

There’s no doubt that margins have dropped. But if you look at the net profit, we have grown 75 per cent compared to the comparative quarter. So we have grown about 300 per cent in revenues and 75 per cent in profitability. Naturally the margin number in net percentage has dropped down. Our main focus going forward is to increase profitability, for which we are going to give a major push, both in the brick-and-mortar and e-commerce space. So we are reasonably confident that our margins also should increase in the coming quarter along with the revenues.

Tell us about the festival season and how has the demand been?

We are looking at a good order book for the Christmas season. Christmas demand is primarily for our export markets. \

In India it is Diwali, which is the prime market for gold and gold and diamond studded jewellery. Diwali is gone and we had a fairly good festival.

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