TCNS Clothing Delivers Above Expected Q3 Numbers;  Online Aids Recovery: IDBI Capital
A customer browses women’s clothing at a store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

TCNS Clothing Delivers Above Expected Q3 Numbers; Online Aids Recovery: IDBI Capital

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

TCNS Clothing Ltd. reported above expected result for Q3 FY21 driven by better than expected margins due to cost rationalisation.

Online channel continues to witness strong revenue growth momentum. Recovery in large format stores continues to remain ahead of exclusive business outlets. However, multi-brand outlets channel continues to be severely impacted.

Recovery in Aurelia brand outperforms W-brand while recovery in Wishful continues to stay lowest.

During the quarter the company added nine stores while closed 22 bottom-performing stores.

Positively, offline stores are now fully operational.

Click on the attachment to read the full report:

IDBI Capital TCNS Clothings Q3FY21 Result Update.pdf

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