Rev Growth for Q1FY24
TCNS - Revenue degrowth of 12%
Cantabil - Revenue growth of 11%
ABFRL - Revenue growth of 11%
Manyavar - Revenue degrowth of 4%
Nykaa Fashion GMV - 12%
RedTape has done 17% growth in its apparel segment, which appears to be industry-leading in an challenging environment (Nykaa commented that the consumer just wasn’t interested in this quarter, ABFRL mentioned “demand sluggishness”, Manyavar said fewer wedding dates)
Just going by this analysis, it appears RedTape is gaining market share.
D - Invested. Added more post listing.
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