Sequentially, it reduced its net loss by 22.5% from ₹88.1 Cr in the previous quarter
Operating revenue grew 30.7% YoY and 19% QoQ to ₹142.1 Cr in Q2 FY27
Total expenses jumped 36.9% to ₹211.2 Cr
Pernia’s Pop Up Shop parent Purple Style Labs
(PSL) narrowed its consolidated net loss for the September quarter by 12.9% YoY to ₹68.3 Cr from ₹78.4 Cr loss incurred in the year-ago period. Sequentially, net loss went down by 22.5% from ₹88.1 Cr.
Operating revenue for the quarter grew 30.7% YoY to ₹142.1 Cr from ₹108.7 Cr, and 19% QoQ from ₹119.4 Cr. Including other income of ₹3.9 Cr, it recorded a total income of ₹146 Cr during the quarter.
The company reported an exceptional expense of ₹3.1 Cr during the quarter, resulting in a loss before tax of ₹69.3 Cr.
“Exceptional item pertains to employee compensation expenses towards grant of employee stock options to eligible employees of the group and expense incurred towards fees paid for increase in authorised capital of subsidiary,” the company’s profit read.
Total expenses jumped 36.9% to ₹211.2 Cr from ₹154.3 Cr in the year-ago period. Purchases of stock in trade, at ₹118.4 Cr, was its biggest expense.
The company’s EBITDA for Q2 FY27 amounted to ₹4 Cr, compared to breaking even in Q2 FY26. In the previous quarter, it had reported an EBITDA loss of ₹11 Cr.
Founded in 2015 by Abhishek Agarwal, the company claims to sell luxury fashion apparel sourced from over 1,100 active designer brands.
Its portfolio spans womenswear, menswear, jewellery, accessories and kidswear. It follows an omnichannel model combining ecommerce and 14 multi-designer retail stores across India.
PSL, which operates the multi-brand luxury omnichannel fashion platform Pernia’s Pop-Up Shop, had listed on the bourses in September. Its ₹680 Cr IPO, comprising a fresh issue of shares with no OFS component, was oversubscribed at 1.29X.
In terms of operational metrics, PSL reported a total GMV of ₹204 Cr in the quarter, with an average order value of ₹82,000.
The stock closed today’s session 1.46% lower at ₹493.70 apiece on the BSE.
Source: Inc42
