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Pernia’s Pop-Up Shop Q1: Net Loss Falls 12% To ₹88 Cr, Revenue Increases 13%

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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 FY27 (Q1 FY27) by 12% to ₹88.1 Cr from ₹100.3 Cr in the year-ago quarter. Sequentially, the recently listed company’s net loss jumped 40% from ₹62.9 Cr loss incurred in Q4 FY26.

Operating revenue for the quarter increased 13% to ₹119.4 Cr from ₹105.7 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s top line dipped 23% from ₹154.4 Cr.

Including other income of ₹2.5 Cr, total income for the quarter stood at ₹121.9 Cr. Meanwhile, expenses rose 32% YoY to ₹202.1 Cr. 

The company incurred an exceptional item loss of ₹8 Cr in the quarter under review, down about 85% from ₹54 Cr exceptional loss incurred in the year-ago quarter. The exceptional item expense pertains to employee compensation towards grant of employee stock options to eligible employees.

The post Pernia’s Pop-Up Shop Q1: Net Loss Falls 12% To ₹88 Cr, Revenue Increases 13% appeared first on Inc42 Media.



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