India: Brandhouse Retails declares Q1 results
India: Brandhouse Retails declares Q1 results
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Brandhouse Retails, which retails some of the reputed brands such as Reid & Taylor, Belmonte, Dunhill, Carmichael House, posted its first quarter results, last week.
The company showed a loss of Rs 70.02 million during April-June 2013. This was lower than the losses the company registered in the preceding quarter from January-March 2013. Net loss during January-March 2013 was to the tune of Rs 580.25 million. During April-June 2012, the company had earned a profit of Rs 15.54 million.
During fiscal 2012-13, the company’s losses amounted to Rs 554.98 million.
Company’s net sales during the first quarter of the current fiscal were to the tune of Rs 1269.75 million, a slight fall of 27.50% compared to the preceding quarter. Net sales during April-June 2013, were 23.73% lower than in the corresponding quarter of the previous fiscal.
A slight slowdown in the domestic retail sector is one of the reasons for a slackened performance of most of the retail players in the Indian market.
