5 days ago
RattanIndia Enterprises posts Q4 net loss of Rs 356 crore
RattanIndia Enterprises reported a consolidated net loss of Rs 356 crore ($41.5 million) for the fourth quarter ended March 31, as against net loss of Rs 81 crore in the year-ago quarter.
The company's revenue for the quarter rose by 16 percent to Rs 1,505 crore, as against Rs 1,294 crore in the corresponding quarter of the previous fiscal year.
For the full financial year, the company's net profit stood at Rs 84 crore while its revenue was Rs 6,866 crore.
During the year, RattanIndia launched new fashion brands in Q3 namely, Akkord, Kaari, Kalaanj and Neomate.
Cocoblu reported a 15 percent year-on-year increase in revenue at Rs 1,461 crore. It tied up with 183 Amazon fulfilment centres which enables to deliver to more than 20,000 pin codes across the country.
RattanIndia's has a strong fashion portfolio of private labels under Neobrands Limited that include Fyltr, Pump'd, Inkd, and Revolt among others. The brand claims its private labels to be some of the top performing brands on Amazon.
