Home / Knowledge / News / Apparel/Garments / H1FY15 revenue at fashion etailer Jabong skyrockets 187%
H1FY15 revenue at fashion etailer Jabong skyrockets 187%
22
Nov '14
Net revenue in the first half of fiscal year 2014-15 ending September 30, 2014 skyrocketed 187 per cent from the same period of 2013-14 at Indian online fashion retailer, Jabong.

According to Germany based Rocket Internet, which has a majority stake in the fashion etailer, the first half of 2014-15, was characterized by continued very strong net revenue growth.

In the reporting period, Jabong reported net revenue at Rs 3.24 billion as against Rs 1.13 billion in the corresponding first half of 2013-14.

Rocket Internet said this growth was in line with the increase in gross merchandise value (GMV) to Rs 5.1 billion, a leap of 195 per cent, year-on-year.

Numbers of orders at Jabong soared to 3.2 million, up a staggering 171 per cent in the period under review, relative to the same period of last fiscal year.

As a result of the decision to continue to invest in topline growth following market pressure of higher discounts, gross margin trended down to a negative 17.5 per cent, which was however 400 basis points lower from last year.

EBITDA loss expanded to Rs 1.6 billion higher in absolute terms but EBITDA margin continued to significantly improve to a loss of 48 per cent, up 66 percentage points compared to corresponding period of 2013-14.

Rocket Internet went public in Germany at a valuation of more than $8 billion in October and has large stakes in around 60 online retailers across the world.

Rocket considers Jabong among the top six most valuable companies in its portfolio as per the documents it had filed at the time of the IPO. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search