>>
Home / Knowledge / News / Apparel/Garments / Myntra to be EBITA positive by FY18: CEO Narayanan
Myntra to be EBITA positive by FY18: CEO Narayanan
03
Dec '16
Courtesy: Myntra
Courtesy: Myntra
Myntra is on track to achieve sustainable growth and be EBITA positive by 2018, said the CEO of the e-commerce site, Anant Narayanan. The fashion e-commerce portal has witnessed 80 per cent year-over-year growth with a revenue of $1 billion, owing to the acquisition of fashion e-retail website Jabong and the recently concluded festive season.

“We are at the forefront of fashion in India today, with over 18 million active users each month. Our unique approach to leverage technology to decode fashion has helped us become the fastest growing online fashion platform,” said Narayanan at Myntra's 5th Annual Brand Summit-Tech Threads held in Bangalore.

“Myntra, Jabong and Flipkart together have 70 per cent market share in the country today and will continue to grow this by empowering brands and customers. We are on track to achieve scalable and sustainable growth and will be EBITA positive in FY18,” added Narayanan.

Myntra also introduced several features to enhance customer experience and used technology to empower its customers and brands. It leveraged Artificial Intelligence (AI) and Machine Learning for a personalised shopping experience, better product discovery and assisted buying for its customers.

Myntra also provides brand performance and analytics support to its brand partners along with customer insights to develop a loyal fan base and facilitate engagement. In line with this strategy, Myntra had launched a new portal to provide brands with customised insights and competitive intelligence reports to manage their performance on the platform. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Pic: Shutterstock

Textiles | On 25th May 2022

New York senate passes bill to ban harmful PFAS in apparel

The New York State senate recently passed a bill that prohibits the...

Pic: craig hastings | Dreamstime.com

Textiles | On 25th May 2022

German GDP rises by 0.2% in Q1 2022 over Q4 2021: Destatis

Germany’s GDP rose by 0.2 per cent in the first quarter (Q1) of 2022...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Liivika Lapp,

Liivika Lapp

Baltika Group, founded in 1928, is the leading fashion brand house in the...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Meghna Kishore & Barkha Bhatnagar Das,

Meghna Kishore & Barkha Bhatnagar Das

Being conscious of living mindfully themselves, two sisters embarked on a...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Mae Geri, Label - Minuit Wear

Mae Geri
Label - Minuit Wear

France-based loungewear brand designer, Mae Geri, is known for her chic...

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

Leave your Comments

ESTEEMED CLIENTS

Mesdan SPA
NV Michel Van de Wiele
Zünd Systemtechnik AG
Cat Tuong Real Estate Group Joint Stock Company
Flainox S.r.l.
Recron Polyester from Reliance Industries Limited
N9 World Technologies Private Limited
IKEA of Sweden AB
Chico’ FAS
TEXVALLEY MARKET LIMITED
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Thai Trade Center
Nihalani Events Management
John Varvatos
Etam Group Strategy Hong Kong Limited
Lacoste (Wanchai)
Pt. Peraga Nusantara Jaya Sakti
ITMA Services Pte Ltd
Thai Acrylic Fibre Company Limited
Abit
IDH – The Sustainable Trade Initiative
Aleph Srl
Hela Clothing Pvt Ltd
BRINKMANN GMBH
J ;& P Coats
Alison Hayes Romania
K AND D ITMACH EXPOSITIONS LLP
Infor (Hong Kong) Limited
JES MEDIA, INC
Asos
Eastman Chemical Company
Guess Europe Sagl,
Equinox Impex India
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Reiter India Private Limited
Bluesign Technologies Ag
Gloria Jeans
Applied DNA Sciences Inc
Aramark Uniform ;& Career Apparel, LLC
G.A.S. unternehmenskommunikation gmbh
Helly Hansen Far East Ltd
UBM China (Shanghai)
MAS Active / MAS Kreeda / MAS Bodyline
Gokaldas Exports Limited
IFF Media Ag - International Media Services
Loris Bellini S.r.l.
Lottmann Communications
Messe Frankfurt Exhibition GmbH
DuPont de Nemours, Inc.,
Nandan Denim Limited
Under Armour Global Sourcing Ltd
DyStar India Pvt. Ltd
Esprit Europe Services GmbH
EMBEE CORPORATION
Rieter India Private Limited
Landmark Group
Stahl Holdings B.V.,
Vianney Textil Hogar S.A. De C.V.
PVH Corporation
Tradewind International Servicing
International Sourcing Expo Australia
Karl Mayer Textilmaschinenfabrik GmbH
Bluestem Global Sourcing Limited
The LYCRA Company Singapore  Pte. Ltd
Lectra Technologies India Pvt Ltd.
Newtech Textile Technology Development (Shanghai) Company Limited
International Textile Manufacturers Federation
LC Waikiki
Grasim Industries Limited
Zydex Industries
CSGIA(China Screen Printing & Graphic Imaging Association)
THE BOMBAY DYEING ;& MFG.CO. LTD
Groz-Beckert East Asia LLP
EPCH
GIOVANNI BOZZETTO S.p.A.
Page Industries Limited (Bangalore)
Comasia Limited
T.T. Limited
Indo Tex
Mayer & Cie. GmbH & Co. KG
Benetton Group
VNU Exhibitions Asia
Aquarelle Clothing Limited
Shanghai  Aige Exhibition Service Co., Ltd
TÜYAP IHTISAS FUARLARI A.S.
Officina Meccanica Dora Enrico Srl
Phong Phu international JSC (PPJ)
Green Fibre
Brandix Lanka Limited
NITI Aayog
Calvin Klein
Alix Partners
Lifestyle
Maceton Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Weitmann & Konrad GmbH & Co. KG
Sainsbury's Argos Asia Limited
Saurer Textile Solutions Pvt. Ltd.
Gap International Sourcing Limited
BTC Textiles LLC
BTSR International S.P.A.
Tchibo GmbH
SYNERGIES HONG KONG LIMITED
GHCL LIMITED
Hirdaramani International Export Private Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
OVS Hong Kong Sourcing Ltd.
BIMBA ;& LOLA SL
Chori Company Limited
Savio Macchine Tessili S.P.A.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Groz-Beckert KG
X-Rite Asia Pacific Limited (HK)
EUROVET ASIA LTD
Haelixa AG
TESTEX AG, Swiss Textile Testing Institute
Colours India Inc
Messe Duesseldorf
Jindal Worldwide Limited
Midas Clothing Limited
Copenhagen Fashion Summit
SHAHI Exports Pvt Ltd
Centric Software
Kornit Digital Asia Pacific Ltd
Lisa S.P.A.
Datatex Consulting Srl
Marzoli Machines Textile s.r.l.
Meera Dyestuff Industries
Huntsman (Singapore) Pte Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Lenzing Aktiengesellschaft - India
Tommy Hilfiger
Varner AS Retail
Tory Burch Hong Kong Ltd
Xtema - Thomas Lebherz Textilmaschinen
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Datacolor AG Europe
Boardriders Asia Sourcing Limited
Istanbul Fuarcilik A.S.
TESCO INTERNATIONAL SOURCING LIMITED
CGS Inc.
Sportmaster Ltd.
Rosset ;& Cia Limited
Taiwan Textile Federation (TTF)
Performance Days
Vardhman Textile Ltd
Truetzschler India Private Limited
BIANCA
FESPA (Reigate)
China World International Exhibition Company Limited
The Top Form Brassiere Manufacturing Company Limited
COTTON COUNCIL INTERNATIONAL
KIABI
Amazon China
Italian Trade Commission
Color Service s.r.l.
The LYCRA Company Singapore  Pte. Ltd
Rayonese Textile Inc., Division de Culp Inc.
FULGAR SpA
Coats Digital Limited
Sportswear Company Spa
Seasalt Limited
Lululemon Athletica Inc
Brückner Trockentechnik GmbH & Co. KG
Gatsby Africa
Decathlon
KAS Direct Sourcing
Babyshop
Thermore (Far East) Ltd.
Itema Weaving (India) Private Limited
Puma
G-Star Raw C.V.
Jiangsu Yingyang Nonwoven Machinery Company Limited
H. Stoll AG & Company KG
Walmart
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
IIGM Private Limited
APLF Limited
C;&A Sourcing International Ltd
Woolmark Services India Pvt. Ltd.
Splash
GERBER TECHNOLOGY LTD.
Lenzing Aktiengesellschaft
Recron Polyester from Reliance Industries Limited
ZAITEX spa
Shima Seiki Mfg. Ltd.
USTER
Desigual - ABASIC, S.A.
Kern – Liebers Textile
Palexpo SA
Arvind Limited
Tuyap Tum Fuarcilik Yapim A.S.
Restoque S.A.
Inter Expo Center Ltd.
H;&M Hennes ;& Mauritz (Far East) Ltd
Target Corporation (MN)
Dow Silicones Corporation
Eurofins BLC Leather Technology Centre Ltd

May 2022

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


Advanced Search