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

Pernia's Pop-Up Shop's parent company, Purple Style Labs, managed to reduce its consolidated net loss for the September quarter by 12.9% year-over-year to ₹68.3 Cr, compared to a loss of ₹78.4 Cr in the same period last year. Sequentially, the net loss decreased by 22.5% from ₹88.1 Cr. Operating revenue for the quarter surged 30.7% year-over-year, reaching ₹142.1 Cr from ₹108.7 Cr, and grew by 19% quarter-over-quarter, climbing from ₹119.4 Cr.

The company's total income for the quarter was ₹146 Cr, including other income of ₹3.9 Cr. An exceptional expense of ₹3.1 Cr was recorded, leading to a comprehensive loss of ₹69.3 Cr. This exceptional item includes employee compensation expenses related to the grant of employee stock options to eligible employees and fees paid for increasing the authorized capital of a subsidiary.

Total expenses for the quarter increased by 36.9% to ₹211.2 Cr, compared to ₹154.3 Cr in the year-ago period.