Home / Knowledge / News / Apparel/Garments / Revenue rises 400% in FY15 at Snapdeal
Revenue rises 400% in FY15 at Snapdeal
21
Jan '16
Snapdeal, an India based e-commerce giant, reported a rise of 400 per cent in its revenue in fiscal 2015, ending on March 31, 2015 to Rs 937.69 crore as compared to Rs 168.16 crore in the fiscal 2014, according to a statement filed by Snapdeal with the registrar of companies.

The e-commerce company reported loss of Rs 1319.29 crore in fiscal 2015 as compared to loss of Rs 264.62 crore in fiscal 2014, a rise of almost 398 per cent.

Its total expenses in the fiscal 2015 rose to Rs 2256.97 crore, a rise of almost 415 per cent as compared to Rs 432.78 crore in the prior year. Almost half of the total expenditure at Snapdeal was incurred on advertising.

The losses are mainly a result of overspending on advertisement, according to analysts. Major chunk of Snapdeal's total revenue comes from tier 1 and tier 2 cities. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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