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Covid impact: Madame expects 40 per cent fall in revenue this fiscal due to COVID-19

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  • Covid impact: Madame expects 40 per cent fall in revenue this fiscal due to COVID-19

    New Delhi: Apparel retailer Madame is expecting a 40 per cent decline in revenue in the current financial year due to disruptions caused by the COVID-19 pandemic.

    There is a slow rise in business number post lockdown. With uncertainty and ad-hoc restrictions being imposed every day across major cities.

    he impact is fairly visible with the consumer preferring to stay inside... We expect a 40 per cent reduction in business numbers seeing how the market has behaved in the first quarter and 2 weeks of the second quarter," Madame Executive Director Akhil Jain told .
    It’s better to give than to receive. Especially advice

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