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 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search