RattanIndia Enterprises reports Q2 net loss of Rs 242 Crore

RattanIndia Enterprises Ltd reported a net loss of Rs 242 crore ($28.7 million) in the second quarter of this financial year, as against a net profit of Rs 140 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 12 percent to Rs 1,801 crore, as against Rs 1,615 crore in the corresponding quarter of the previous fiscal year.

During the quarter, the company’s subsidiary Neobrands launched four new brands namely Akkord, Kaari, Kalaanj, Neomate across categories that include apparel, accessories and stationary items.

“The company continues to demonstrate strong financial performance. The company reported a net profit of Rs 89 crore for H1 FY25, compared to Rs 20 crore in H1 FY24, reflecting a significant increase,” RattanIndia said in its investor presentation.

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.