Meyer Apparel Ltd. 2024 AR2
The report outlines the financial and operational performance of Meyer Apparel Limited for the fiscal year 2023-2024. The company experienced a decrease in gross sales turnover to Rs. 454.48 lacs, down from Rs. 630.30 lacs in the previous year, primarily due to severe demand compression in the apparel industry. It recorded a net loss of Rs. 183.02 lakhs, resulting in a negative net worth of Rs. 3,171.62 lakhs. To mitigate these challenges, the company is exploring new revenue streams, including e-commerce and garment retailing, while implementing cost-control measures such as hybrid work models.
Company: Meyer Apparel Ltd.
Sector: Manufacturing
Country: India
Year: 2024
Type: AR2
Pages: 111
Back to company
Meyer Apparel Ltd.
Annual Report
The report outlines the financial and operational performance of Meyer Apparel Limited for the fiscal year 2023-2024. The company experienced a decrease in gross sales turnover to Rs. 454.48 lacs, down from Rs. 630.30 lacs in the previous year, primarily due to severe demand compression in the apparel industry. It recorded a net loss of Rs. 183.02 lakhs, resulting in a negative net worth of Rs. 3,171.62 lakhs. To mitigate these challenges, the company is exploring new revenue streams, including e-commerce and garment retailing, while implementing cost-control measures such as hybrid work models.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees