Home / Knowledge / News / Apparel/Garments / H1FY15 revenue at fashion etailer Jabong skyrockets 187%
H1FY15 revenue at fashion etailer Jabong skyrockets 187%
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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Victor Chao

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

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Eric Scholler

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

Giorgio Mantovani
Corman S.p.A

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

Ashok Desai
Bombay Textile Research Association

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search