Pernia’s Pop-Up Shop Narrows Q2 Loss By 13% To ₹68.3 Cr, Revenue Up 31%

Pernia’s Pop-Up Shop parent Purple Style Labs 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 total comprehensive loss 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 PnL read.

Total expenses jumped 36.9% to ₹211.2 Cr from ₹154.3 Cr in the year-ago period. 

(The story will be updated soon)

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