Pernia’s Pop-Up Shop Q1: Net Loss Falls 12% To ₹88 Cr, Revenue Increases 13%
Pernia’s Pop-Up Shop parent Purple Style Labs managed to trim its net loss for the June quarter of fiscal year…
In the first quarter of fiscal year 2027, Purple Style Labs, the parent company of Pernia’s Pop-Up Shop, managed to reduce its net loss by 12% to ₹88.1 Cr, down from ₹100.3 Cr in the same quarter last year. Sequentially, the net loss surged by 40% to ₹62.9 Cr from ₹62.9 Cr in the previous quarter.
The company's operating revenue saw a 13% increase to ₹119.4 Cr, up from ₹105.7 Cr in the year-ago quarter. On a quarter-on-quarter basis, however, the top line declined by 23% from ₹154.4 Cr.
Including other income amounting to ₹2.5 Cr, the total income for the quarter reached ₹121.9 Cr. Expenses, on the other hand, rose by 32% year-on-year to ₹202.1 Cr.
The company also faced an exceptional item loss of ₹8 Cr in the quarter, down about 85% from the ₹54 Cr exceptional loss incurred in the previous quarter. This exceptional loss is primarily due to employee compensation related to the grant of stock options to eligible employees.
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