The world’s next-most significant apparel organization, which follows a December-November economical 12 months, documented profits of Rs ninety crore in the next quarter. For the duration of the 6-thirty day period period of time ended May well, it clocked Rs 602 crore, a 19% drop compared to a 12 months back.
“There have been some confined disruptions in the supply chain significantly Bangladesh and India, these are now settled, so we never count on a massive backlog into the third quarter,” stated H&M’s main economical officer Adam Karlsson in an traders phone.
Globally, the group’s internet profits declined fifty% as shops had been quickly shut in lots of marketplaces. In truth, in