New Delhi: Footwear retail chain Metro Brands, on Thursday has reported 126.3 per cent increase in its consolidated net profit to Rs 155.57 crore in the fourth quarter ended March 31st, 2024. It had reported a consolidated PAT of Rs 68.74 crore in a similar period, a year ago, the company said in a regulatory…
New Delhi: Arvind Fashions, a leading player in the casual and denim segment, on Tuesday has reported a 39.09 per cent increase in consolidated net profit to Rs 39.67 crore for the March quarter. The company had posted a net profit of Rs 28.52 crore for the January-March period a year ago, according to a…
MUMBAI: Spain’s Inditex, the owner of fashion brand Zara, saw its slowest ever sales growth in India, excluding the pandemic year, in FY24 as the world’s largest fashion group faced rising competition from global rivals in the clothing market that is increasingly getting cluttered. Inditex Trent, its joint venture with Tata that runs 23 of…
ZURICH: Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a drop of 1% in its fourth quarter sales on Friday. The company, which also owns high-end Swiss watch brands, such as Piaget and Jaeger-LeCoultre, said sales fell to 4.80 billion euros ($5.21 billion) in the three months to the…
Representative Image New Delhi: Apparel brand Cantabil Retail has raised Rs 50.4 crore in Q4 FY24, said Vijay Bansal, CMD, Cantabil Retail India in a media release. The announcement comes along with Cantabil’s Q4 results. “We have further strengthened our balance sheet strength by raising ₹ 50.4 crores from marquee investors in Q4 FY24 which…
Representative image 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…
New Delhi: Relaxo Footwears on Thursday reported a 3 per cent decline in net profit for the March quarter to Rs 61.39 crore, as against Rs 63.3 crore in the year-ago period. The company’s revenue from operations declined to Rs 747.21 crore from Rs 764.94 crore in the corresponding quarter of the previous year, a…
A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year was looking “very good”, the German sportswear retailer said on Wednesday, helping lift its shares nearly 12%. Revamped and newly trendy shoes from the 1970s and 80s like Puma’s Palermo and Adidas’…
New Delhi: Six-year-old homegrown startup, Bangalore Watch Company wants to build a Swiss-quality luxury watch brand from India. Banking on Indian consumers’ growing discretionary spending coupled with an increased affinity towards homegrown brands, the company aims to reach the mark of 5,000 watches annually in the next 3 years, shared Nirupesh Joshi, co-founder and creative…
Image for representation BENGALURU: Indian clothing retailer Arvind Ltd posted a 2.1% rise in fourth-quarter profit as demand for its textiles remained steady. The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit rose to 990.3 million rupees ($11.9 million) from 970 million rupees a year earlier….
