Fashion e-tailer High Street Essentials reports ₹1.3 crore profits in FY19

BENGALURU : Delhi-based fashion e-tailer, High Street Essentials Pvt. Ltd. (HSE), the parent company behind women-centric fashion brands, FabAlley and Indya, has reported a net profit of ₹1.3 crore, on net revenues of ₹90.2 crore for the financial year ended March 2019, registering a 70% year-on-year revenue growth. According to the company’s unaudited financial results releases on Sunday, it’s EBITDA stood at ₹3.3 Cr for FY19, however, it did not reveal expenditure numbers. HSE’s co-founder Tanvi Malik told Mint that a majority of its sales came from online channels accounting for around 55% to 57% percent…

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Brainstorm Health: Drug Company Profits, Vaccine Skeptics, Pharma Price Fixing

Hello and happy Monday, readers. I hope you enjoyed your weekend. Another week, another dire report from the Centers for Disease Control (CDC) on the historic measles outbreak winding through America. As of May 10, 839 measles cases have been confirmedacross 23 states, a hike of 75 cases in the past week alone, according to the agency. There are now more than ten times as many confirmed measles cases in 2019 as there were in 2010, when the highly infectious disease had nearly been wiped out in the United States. We’ve…

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More Women Executives Mean More Profits: Study

New York: Companies with 30 percent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding into a global debate over the scarcity of women in decision-making business roles. The conclusion stems from a study of about 22,000 publicly-traded companies in 91 countries ranging from Mexico to Norway and Italy conducted by researchers at The Peterson Institute for International Economics, a Washington, DC-based think tank. “If you’re a firm and you’re discriminating against potential female leaders, that means you’re essentially…

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