Archies Faces A Tough Q2 As Sales Take A Hit, Revenue Plunges 33% While Net Loss Reaches ₹1.58 Crore

Mumbai-based greeting card and gifting company Archies Limited reported a net loss of ₹1.58 crore for the second quarter of FY27, marking a significant decline from the previous year's profit of ₹25 lakh. The company's revenue from operations decreased by approximately 32.5% to ₹12.39 crore, compared to ₹18.36 crore in the same quarter last year.

This substantial drop in sales led to a year-on-year decline in total income by 32.2% to ₹12.80 crore, down from ₹18.89 crore in the corresponding period a year earlier. Despite a reduction in total expenses by 21.5% to ₹14.58 crore from ₹18.57 crore, the sharper fall in income proved insufficient to prevent Archies from slipping into losses.

The company's loss before tax was ₹1.77 crore, compared to a profit before tax of ₹32 lakh a year earlier. For the first half of FY27, Archies reported a net loss of ₹2.96 crore, compared to a net profit of ₹5 lakh in the same period last year, with revenue from operations falling by 36.8% to ₹20.30 crore from ₹32.11 crore. Investors are closely watching Archies' future financial results to determine if the company can reverse the declining revenue and regain profitability.