TCNS Clothing Q1 Review - Below Expected: IDBI Capital

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 Co. Ltd. reported below expected result for Q1 FY22. The company could operate for 48% trading days during Q1 FY22 as a consequence there was 44% recovery in the overall business. Online channel grew 1% QoQ and contributed ~50% to revenue. Exclusive brand outlet and large format store channels were more impacted due to lockdown. Gross margin expanded during the quarter due to channel mix. TCNS Clothing added one 'W' while closed three Aurelia stores during the quarter. Positively, omni channel initiative has been rolled out in 100 stores with on-boarding of three major channel partners. This should help in improving contribution and business economics from online. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCNS Clothing Q1 Review - Below Expected: IDBI Capital

TCNS Clothing Q1 Review - Below Expected: IDBI Capital

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