Performance Highlights for the Quarter
1. Company accelerates its growth momentum and continues to make significant
progress viz a viz its long–term plan.
a. 26% YoY growth with revenue at Rs. 2880 Cr for the quarter.
b. On a full year basis, revenue reaches Rs. 12418 Cr for FY23, growing 53%
YoY and 41% over pre–COVID.
2. Consolidated EBITDA for the quarter stood at Rs. 232 Cr.
a. Company achieved its highest ever yearly EBITDA of 1617 Cr.
3. Business growth continued to be led by aggressive offline expansion.
a. Branded business network added 104 stores on a net basis in Q4.
i. TASVA added 19 new stores to the network.
b. Pa
ntaloons added net 25 stores to its network this quarter
4. Company further strengthens its Digital and Omnichannel play.
a. E–com sales in Q4 grew 77% YoY driven by effective B2B partnerships
and brand.com.
i. E–com yearly revenue is now more than 1300 Cr.
ii. Lifestyle’s new SuperApp launched; aimed at redefining
convenience & personalization.
b. Apart from integrating the acquired brands, TMRW continues to engage
in business model advancements and drive value creation for these
brands.
5. Company recently announced its largest strategic acquisition in line with its
strategy to build a comprehensive ethnic wear portfolio.
a. Entered into definitive agreements to acquire TCNS Clothing Company
Limited, the owner of ethnic brands W, Aurelia, Wishful, Folksong and
Elleven.
6. Closed the quarter with net debt of Rs. 1422 Cr primarily on account of
continued investments in new growth ventures.
Financial Performance
The Board of Directors of the Company, at its meeting today, approved the results
for the quarter ended 31st Mar 2023. These financials are post factoring in
necessary adjustments under Ind AS 116.
Financial Performance
The Board of Directors of the Company, at its meeting today, approved the results
for the quarter ended 31st Mar 2023. These financials are post factoring in
necessary adjustments under Ind AS 116.
Financials – Q4
