Home / Knowledge / News / Apparel/Garments / Jabong FY15 sales double, losses almost triple
Jabong FY15 sales double, losses almost triple
Dec '15
Fashion and lifestyle portal Jabong crossed the Rs 1,000 crore sales mark in the year to March, doubling its revenue from a year ago but more worryingly, net loss increased almost three-fold.

According to a Registrar of Companies filing, Jabong, posted a loss of Rs 43.6 crore on sales of Rs 1,082.9 crore. A year ago, it had sales of Rs 527 crore with a net loss of Rs 16.6 crore.

Jabong's newly appointed CEO Sanjeev Mohanty clearly has his work cut out to pull out the loss making online fashion retailer from consistent poor financial performance.

Jabong, now part of Global Fashion Group portfolio, a subsidiary of German online business developer Rocket Internet, has had a bad year. The company had to be overhauled completely after the CEO and co-founder Arun Chandra Mohan and co-founder and MD Praveen Sinha left.

Before Sanjeev Mohanty took charge as CEO and MD recently, Nils Chrestin who is the Chief Financial Officer at GFG, ran the company as interim CEO. There have been reports that Rocket Internet planned to sell Jabong due to its continuous losses.

Despite showing an impressive figure of Rs 1,320.6 crore as far as growth in gross merchandise value (GMV) is considered for the calendar year ending December 31, 2014, profits have turned out to be a mirage for Jabong. (SH)


Fibre2Fashion News Desk – India

Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search