Chumbak's revenue growth declines in 2017

Chumbak, the lifestyle products retailer has reported a sharp drop in revenue growth for year ending March 2017 but its losses widened just a tad thanks to a slower rise in costs. According to the company's regulatory filings, net sales for 2016-17 rose 20.6 per cent to Rs 41 crore, this compares with an almost 80 per cent increase in revenue for 2015-16 to Rs 34 crore.