APR-JUN OF FY2016: ON A SUSTAINABLE GROWTH TRAJECTORY WITH IMPROVED MARGINS, ROBUST ORDER BOOK29-Aug-2013
We continued to tread on a strong growth trajectory in Apr-Jun quarter of FY2016 with higher realisation and rising consumer demand. We delivered a strong operating performance, posting a healthy top-line growth coupled with a significant improvement in profitability. Our revenue shot up 18.8% YoY at Rs 2,821 million, while EBITDA increased by 99% YoY to Rs 200 million. Net Profit grew 126.2% YoY at Rs 121.8 million, while our Cash Profit increased 72% to Rs 163 million.
We continued to witness improved visibility on the business front on the back of a robust order book. We hope to sustain our growth with improved margins over the year. In addition to expansion of capacities, we are also charged about our e-retail initiative “SBUYS” in the ongoing year. Our objective is to leverage our inherent knowledge and domain expertise in fashion apparels in the e-commerce segment. We strive to offer the latest trends and designs to our consumers all across the world through the online platform. We expect our e-retail platform to contribute significantly to our revenue growth in the coming years.