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WS Retail posts 33% growth in revenues at Rs 13,921 crore during FY15-16

Is now India's single largest retailer by revenue, pips Shoppers Stop, Tata Trent, Reliance Retail

Alnoor Peermohamed  |  Bengaluru 

WS Retail, the largest seller on e-commerce marketplace Flipkart, posted a 33 per cent growth in revenues at Rs 13,921 crore for the year that ended March 2016, or nearly three times that of rival Amazon's largest Cloudtail which reported a revenue of Rs 4,591 crore during the same period. While its revenues make it the single largest retailer in India, beating even offline retail giants such as Shoppers Stop, Tata Trent and Reliance Retail, profits for the financial year stood at a paltry Rs 5.21 crore. WS Retail had reported a revenue of Rs 10,485 crore in the previous ...

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