RattanIndia Enterprises has announced a consolidated net loss of US $ 19.5 million (Rs. 170 crore) for the quarter ending December 2024, a significant downturn compared to the US $ 21.4 million USD (Rs. 187 crore) net profit reported during the same period last year.
Despite the loss, the company experienced a slight revenue increase of 2 per cent, reaching US $ 220 million (Rs. 1,921 crore) compared to US $ 215 million (Rs. 1,880 crore) in the corresponding quarter of the previous fiscal year. However, total expenses rose sharply by 27 percent year-on-year, reaching US $ 242 million (Rs. 2,113 crore).
The retail-e-commerce segment generated US $ 213 million (Rs. 1,866 crore) in revenue. A key development during the quarter was RattanIndia’s acquisition of 100 percent of Cocoblu Quick Commerce, which now operates as a wholly owned subsidiary.
RattanIndia’s fashion portfolio, managed under Neobrands Limited, includes private labels such as Fyltr, Pump’d, Inkd, and Revolt. The company claims these brands are among the top performers on Amazon.
