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Archies Q2 Sales Up By 12% To Rs 21.62 Cr

The company aims to achieve a turnover of approximately 100 crores plus in the forthcoming year

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Gift store chain Archies on Monday reported a gross revenue of Rs 21.62 crores which was higher by 12 per cent as compared to its performance in the previous quarter of FY 2021-22.

For the quarter ending 30 September 2022, the company reported a net profit of Rs 0.70 crore, which is higher by 163.33 per cent from the previous quarter.

Meanwhile, the cash profit for operations stood at Rs 2.64 crores, which was drastically higher by 355.17 per cent from the previous year.

Varun Moolchandani, Executive Director, said, “We look forward to continuously improving our performance and growing positively in the Christmas, New Year, and Valentines' season.”

EBITDA for the quarter stood at Rs 2.04 crores up by 64.22 per cent in September 2022 from the previous year. 

Also, the company plans to become debt free by the end of FY 2022-23.

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