Jabong revenues decline 19.3% to Rs 270.75 crore in Q4 2015

Rocket Internet-backed fashion etailer Jabong’s financials decreased further. The company reported revenues of Rs 218.53 crore in the fourth quarter of 2015. This represented a decline of 19.3% from Rs 270.75 crore in the same quarter last year.

The company also reported a gross merchandise value of Rs 377.73 crore, a decline of 19% y-o-y from Rs 465.61 crore.

Net loss for the company in Q4 2015, however, decreased to Rs 1.98 crore, from a loss of Rs 45.9 crore in the same period last year. The company reported an operational (EBITDA) loss of Rs 93.51 crore, down from a Rs 144.91 crore loss in Q4 2014.

The company attributed the increase in profitability to better unit economics and reduced discounts.

For the full year, revenues increased 7.1% to Rs 869.14 crore. The GMV increased 13.8% to Rs 1,502.9 crore.
 

Net loss stood at Rs 46.74 crore compared to Rs 159.58 crore last year.

The total number of orders in the period stood at 1.2 million, showing a decline of 41.5%, from 2 million in the same period last year. The total transactions in  Q4 2015 was at 1.9 million, down 36.9% from 3 million in  Q4 2014.

Jabong reported Rs 3144 per order for the quarter ended December 31st 2015, down 20.3% from Rs 3943 per order for the same quarter last year. For the year, however, order value was up 24.3% to Rs 2783 per order in 2015, from Rs 2238 per order in 2014 and Rs 1967 per order in 2013

The company added the contribution of mobile share increased 32% in share of revenue.

For the full year, revenues increased 7.1% to Rs 869.14 crore. The GMV increased 13.8% to Rs 1,502.9 crore. Net loss stood at Rs 46.74 crore compared to Rs 159.58 crore last year.

Dabur to ramp up baby care portfolio

Leading FMCG firm Dabur India is planning to scale up its portfolio in the babycare segment by launching more products in coming days,as per a company official.

Commenting on the matter, Ramarao Dhamija, category head (mother and child care) of Dabur India said:"We are aspiring to be a serious player in the baby care segment... Dabur wants to increase the revenue contribution from the baby care segment by launching a slew of brands in coming days and also investing in the."

Currently, Dabur has three products in the segment that contribute around Rs 140 crore to the overall revenue of Dabur, which stood at Rs 7,800 crore, Dhamija said today at the launch of a massage oil brand for babies.

The company reported a 21.03 per cent increase in consolidated net profit at Rs 284.8 crore for the fourth quarter of 2014-15. The scrip was trading at Rs 262.35 on BSE during the afternoon session, down 0.63 per cent from the previous close.

L'Oreal to open hair-colour plant in Himachal Pradesh

L'Oreal India, Managing Director, Jean-Christophe, told PTI, "We are in the process of opening a second factory in the North. It will be at Baddi in Himachal Pradesh and will be only for hair colour, for which we plan a capacity of 100 million units. The plant will be operational by the mid of next year and will cater to all its brands that sell cream-based hair colours. By 2020, the global beauty care major is eyeing a turnover of Rs 7,000 crore and is on track to achieve this target."

The company has around 70 per cent market share in the cream-based  hair colour category, which is  estimated at Rs 700 crore.

"We will go beyond Rs 2,000 crore this year. Our target is to be up to two or three times the market growth. During the last two years, the market itself has slowed down but we have managed to grow over two times the market, but at a slower pace than what we would expect," Letellier further told PTI.

Moreover, the company had clocked sales worth Rs 1,800 crore in the last year and is expecting to grow at 20 per cent this year.