×
154
Fashion Jobs
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
CAPITAL PLACEMENT SERVICES
Cfo For International Funding For 1000 Crore Company in Gujarat
Permanent · Vadodara
NEEJ
Business Development Manager
Permanent · MUMBAI
LIFESTYLE BRANDS
Regional Sales Manager, Peter England - Bangalore
Permanent · BENGALURU
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR

Zivame revenue jumps 56 percent to Rs 87 crore

Published
today Oct 24, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Indian lingerie retailer Zivame has witnessed a 56 percent jump in its revenue to Rs 87 crore ($12 million) for the financial year 2017-18. The company had posted revenue of Rs 53 crore in the last fiscal.

Zivame revenue jumps 56 percent to Rs 87 crore - Zivame.com


The omni-channel lingerie retailer also managed to narrow its losses during the fiscal as the losses were down 44 percent to Rs 32 crore from Rs 58 crore in reported in the previous fiscal while its expenses shot up 8 percent to Rs 126 crore, according to regulatory filings with the Ministry of Corporate Affairs.
 
The Bengaluru-based firm had made changes to its business model and leadership during the last fiscal to control its losses. The gamble seemed to have paid off as the recent numbers indicate that the lingerie retailer is on the path to recovery.

Last year, the company had decided to take the omni-channel route by establishing offline stores and had opened 26 outlets across India to boost sales.
 
With the sales revenue increasing 56 percent, Zivame is now looking to further expand its offline presence to 100 stores by the end of the current fiscal year and will be investing Rs 40 crore on the same.
 
The innerwear market in India is currently estimated to be around $4 billion and expected to touch $6 billion by 2021 according to a Technopak report. Zivame will be hoping to capitalise on this growth and turn profitable in the coming years.

Copyright © 2019 FashionNetwork.com All rights reserved.

See also