{
  "id": 19973216,
  "title": "Archies Faces A Tough Q2 As Sales Take A Hit, Revenue Plunges 33% While Net Loss Reaches ₹1.58 Crore",
  "url": "https://urgent.news/2026/11/14/archies-faces-a-tough-q2-as-sales-take-a-hit-revenue-plunges-33-while",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T11:34:01.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/archies-faces-a-tough-q2-as-sales-take-a-hit-revenue-plunges-33-while-net-loss-reaches-158-crore"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Mumbai: Archies Limited, known for its greeting cards and gifting products, slipped into losses during the second quarter of FY27 as declining revenue weighed on its financial performance . The company reported a net loss of ₹1.58 crore for the quarter ended September 30, 2026, compared with a net profit of ₹25 lakh in the corresponding period last year. Brainbees Solutions Sees Strong Q2 Revenue…",
  "key_points": [
    "Archies reported ₹1.58 crore net loss in Q2 FY27, up from ₹25 lakh profit last year",
    "Revenue dropped 32.5% to ₹12.39 crore, down from ₹18.36 crore in Q2 previous year",
    "Loss before tax reached ₹1.77 crore, compared to ₹32 lakh profit a year earlier"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}