Bella Casa Fashion Q3 net profit dips 25 percent to Rs 2 crore
Fashion and retail business Bella Casa Fashion and Retail Ltd witnessed a 25 percent decline in net profit to Rs 2 crore ($242,408) for the third quarter ended December 2022, as against net profit of Rs 3 crore reported in the year-ago period.
The company’s revenue for the quarter dropped by 16 percent to Rs 51 crore, as compared to Rs 61 crore reported in the corresponding period of the previous fiscal year.
Bella Casa’s total expenses during the quarter stood at Rs 48 crore, as against Rs 57 crore in the year-ago period.
Bella Casa Fashion is one of India’s largest manufacturers and distributors of home textile products and designer ethnic wear. It has a network of 80 authorised dealers/wholesalers and reaches out to around 3,000 retailers across the country.
The company also has a strong online presence through its platform and e-commerce companies like Flipkart, Amazon, Ajio, and more.
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