FabAlley and Indya parent records Rs 1.3 Cr net profit in FY19

High Street Essentials that owns women-focused fashion apparel brand FabAlley and Indya has reported Rs 1.3 crore profits on net revenues of Rs 90.2 crore for the financial year ended March 2019, clocking a 70% year-on-year revenue growth.

High Street’s EBITDA stood at Rs 3.3 crore with online channels accounting for around 57% of the sales during the year. The company which currently operates in around 30 brick-and-mortar stores is also going to launch its jewelry brand, Zyra soon. (Source)

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