RattanIndia Enterprises posts Q3 net loss of Rs 170 crore

RattanIndia Enterprises reported a consolidated net loss of Rs 170 crore ($19.5 million) in the quarter ended December 2024, as against net profit of Rs 187 crore in the year ago quarter.

The company’s revenue for the quarter rose by 2 percent to Rs 1,921 crore, as against Rs 1,880 crore in the corresponding quarter of the previous fiscal year.

The company’s total expenses for the quarter witnessed a 27 percent year-on-year increase to Rs 2,113 crore.

On the segmental front, retail-e-commerce business revenue was Rs 1,866 crore.

The company announced that it has acquired a 100 percent stake in Cocoblu Quick Commerce, making it a wholly owned subsidiary of RattanIndia Enterprises (REL). The cost of the acquisition stood at Rs 1,00,000 for 10,000 equity shares, valued at Rs 10 each.

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.