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MYNTRA EBITDA PROFITABILITY
TCS Nashik case escalates; Zepto’s road to IPOHappy Tuesday! TCS COO Aarthi Subramanian will head the investigation into a sexual harassment case at its Nashik unit. This and more in to...- Fractal Industries IPO opens today. Check GMP, price band, subscription and other detailsAt the upper band of Rs 216, the IPO is commanding a pre-issue market cap of around Rs 169.5 crore. Shares are proposed to be listed on the...
- Can Shadowfax Technologies IPO deliver long-term value for high-risk investors?Shadowfax Technologies is set to raise ₹1,000 crore through a fresh issue and ₹907.3 crore via an offer for sale in its upcoming IPO. The e...
- Myntra turns in a profit in FY24, revenue jumps 15% to Rs 5,122 croreThe Flipkart-owned fashion platform, which entered quick commerce last week, has been working on slashing the cost of returns which has pla...
- Myntra CEO Nandita Sinha to take over Flipkart Fashion as Arief Mohammad quitsIncumbent Arief Mohamad to exit the company. This comes amid recent senior leadership changes in Flipkart under group chief executive Kalya...
- Myntra gained market share, scaling beauty and home decor: CEO Nandita SinhaOver the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion h...
- Evaluating the right time for Flipkart IPO: Walmart International CEODuring Walmart's quarterly analyst call, chief financial officer John David Rainey said that Flipkart grew by double digits for the first q...
- Ajio set to become Reliance Retail's first profitable online ventureReliance had started Ajio in 2017. Ajio reduced marketing cost with five different storefronts for each consumer class. It lined up 4,000 s...
- Nykaa Q4 net profit plunges 72%; Centre to regulate high-risk data fiduciaries closelyFSN E-commerce Ventures, the parent entity of omnichannel fashion platform Nykaa, has reported a major decline in its fourth-quarter (Q4) n...
- Long-term bet! Nykaa can rally up to 69% till 2027: Elara CapitalNykaa, with several niche products and a huge addressable market in the fashion segment, will be able to drive the segment’s revenue going ...
- Bigger slice on mind, Myntra to invest $300 million in 3 yearsMyntra-Jabong combine is getting ready to triple its gross merchandise value to $4 billion with myntra investing $300 million.
- Myntra inches closer to profitability; sets target to reach $2.7-billion GMV run rate by FY19-endThe combined entity of Myntra and Jabong is looking to shrink its negative EBITDA margin lower to (minus) 2-3% by Q4FY18, inching closer to...
- Tough road ahead: Investors can’t find a fit in online fashion retailFunding for standalone fashiontech startups such as Yepme, Voonik and Wooplr has plunged to $39.5 million so far this year from $350 millio...
- Fashion e-tailer Voonik asks staff to forgo 3 months’ salaryThe affected workforce is largely in product development and customer support, while the operations team won’t be a part of this move, at l...
- Private brands turn Myntra profitableMyntra's private brands have reached Ebitda profitability of 5% since June, and the fashion company is set to achieve overall Ebitda profit...
- Myntra says private brands portfolio MFB has turned profitableNoting that earnings before interest, tax, depreciation and amortization of MFB had turned positive in the last 2 consecutive months, the c...
- InMobi was operationally profitable in 2016, to continue streak in 2017InMobi said in a statement that it expects to continue being profitable this year after recording a net profit for the final quarter of 201...
- Myntra to shut two city offices, shift staffMyntra had acquired rival Jabong earlier this year, beating Future Group and Snapdeal to the punch, to bolster its position in India’s onli...
- Flipkart is ready for a fashion statement in FY18Flipkart’s fashion business, including subsidiaries Myntra and Jabong, accounted for about one third of gross sales in the September quarte...
- Myntra brokers better deal with foreign brands for JabongMyntra is now trying to bring Jabong back to financial health after the Gurgaon-based company lost sheen over the years as costs rose and l...
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