TCNS Clothing Q4 Review - Focus Back To Growth: ICICI Securities

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..ICICI Securities Report.Key takeaways from TCNS Clothing Company Ltd.’s Q4 FY21 earnings: 1. revenue was up 1% YoY (in-line with expectations) and was impacted from mid-March 2021 due to lockdowns owing to resurgence in Covid-19 cases; 2. large format stores revenue remained flat YoY, while exclusive brand outlet and multi brand outlet revenue declined 23% YoY and 60% YoY respectively owing to channel rationalisation; online revenue grew 2.5 times YoY on a low base in Q4 FY21; 3. company is targeting net addition of 60 plus EBOs in FY22; 30 EBOs already signed up and likely to open in H1 FY22; and 4. cost rationalisation and working capital release led to Rs 110 million cash accretion to Rs 1.82 billion during FY21. .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 Q4 Review - Focus Back To Growth: ICICI Securities

TCNS Clothing Q4 Review - Focus Back To Growth: ICICI Securities

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