New Delhi: Ethnic-wear brand TCNS Clothing, reported a net loss of Rs 63.60 crore in the quarter that ended March 31, 2024, according to its BSE filing. The company reported a loss of Rs 28.12 crore during the same quarter last year.
Aditya Birla Fashion and Retail acquired a 51 per cent stake in the company last year.
TCNS saw its revenue from operations declining to Rs 211.32 crore against Rs 268.55 crore in the March quarter last year.
On a full-year basis, the ethnic apparel major’s sales declined to Rs 959.55 crore in FY24 compared to Rs 1,201.58 crore in FY23.
