RattanIndia Enterprises reports Q4 net loss of Rs 81 crore

RattanIndia Enterprises Ltd narrowed its net loss to Rs 81 crore ($10 million) for the fourth quarter ended March 31, as against a net loss of Rs 138 crore in the year-ago quarter.

The company’s revenue for the quarter increased by 17 percent to Rs 1,294 crore, as against Rs 1,106 crore in the corresponding quarter of the previous fiscal year.

For the full financial year, the company’s reported a net profit reported of Rs 426 crore with a revenue of Rs 5,610 crore.

During the financial year, the company launched a new denim brand ‘Inkd’ under its 100 percent wholly owned subsidiary Neobrands Limited.

RattanIndia claims that all private labels under Neobrands Limited namely Fyltr, Pump’d, Inkd, and Revolt have achieved the status of top performing brands on Amazon within a short span of operations.