Tuesday, November 5

Tag: FY16-17

Myntra Revenue Shoots up to 87% in 2016-17
27Jan By AdityaNo Comments
ANALYSIS

Myntra Revenue Shoots up to 87% in 2016-17

Flipkart owned India's leading fashion e-commerce company Myntra turnover zoom of ₹2,000 crore in fiscal 2016-17, an 87% jump from the previous year, according to a filing with the Ministry of Corporate Affairs. The company had posted a ₹816 crore loss in FY16. Tofler a data-tracking platform published this report. As per the report, 94% revenue came from trading business, that includes sales from Myntra’s private labels, a category that offers higher margins and has been aggressively pursued by the company over the years. And rest 6% from data processing, hosting and related activities and its Web portal. The filing did not show any profit or loss numbers for the year. Myntra was started private label business in 2015 and it now accounts for nearly a fourth of revenue. Last ye...
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World’s No. 1 Footwear Maker Nike Reported Better Quarterly Revenue
21Dec By AdityaNo Comments
BUSINESS

World’s No. 1 Footwear Maker Nike Reported Better Quarterly Revenue

Nike Inc, the world's No. 1 footwear maker, reported better-than-expected quarterly revenue, helped by higher demand from Western Europe, Greater China and emerging markets. The company's shares were up 4 percent at USD53.89 in after-market trading on Tuesday. Nike's net income rose to USD842 million, or 50 cents per share, in the second quarter ended Nov. 30, from USD785 million, or 45 cents per share, a year earlier. Revenue climbed to USD8.18 billion from USD7.69 billion. Analysts on average had expected revenue of USD8.09 billion, according to Thomson Reuters.
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