TCNS news and archive

TCNS Clothing sees 18 per cent jump in sales in Q1

TCNS Clothing Company’s sales for the first quarter jumped 18 per cent. Earnings before interest, tax, depreciation and amortisation surged 95 per cent. Women’s apparel maker TCNS Clothing is known for its brands W, Aurelia, and Wishful. These witnessed a growth of 12 per cent, 25 per cent, and 38 per cent respectively during the quarter. W and...

Retail

TCNS opens first combined multi brand store for W, Aurelia brands

TCNS has opened its first combined store for women’s apparel brands W and Aurelia. The new store in Rajasthan, adopts a unified communication style for the brands, reinforcing brand authenticity, enabling a seamless customer journey at the store. TCNS Clothing plans to open around 70 to 80 such combined outlets in the current fiscal. W is a...

Business

TCNS Clothing’s Q3 net sales dip

TCNS Clothing’s net sales were Rs 302.32 crores in the December quarter as compared to Rs 322.42 crores in the September quarter. Net profit for the quarter was Rs 37.07 crores as against Rs 41.22 crores in the September quarter. EPS was Rs 5.81 for the December quarter as compared to Rs 6.48 for the September quarter. Net sales for the year...

Retail

Women's brand W opens flagship store in South Mumbai

TCNS Clothing’s premium fusion wear brand W has opened a first flagship in South Mumbai. With this launch, the brand has strengthened its footprint in one of India’s major cities. Spread across 1,700 sq. ft., the new store is located at Kemps Corner– a popular retail destination in the city. It will provide the latest designs and silhouettes,...

Retail

In women’s segment, ethnic wear holds bigger share

Ethnic wear currently constitutes 50 per cent of the total women apparel sales. Arun Sirdeshmukh, Business Head of Amazon India, says women’s ethnic wear is the most popular category on Amazon Fashion. The company is witnessing a shift in demand from saris and dress materials to size categories like kurtas at a much higher pace compared to...

Business

TCNS makers of W and Aurelia looking to launching an IPO

TCNS, apparel manufacturing company known for its famous women’s wear brands W, Aurelia and Wishful, is refurbishing its factories. The company’s has so far invested around Rs 1 crore on technology up-gradation. Amit Kumar, Operation Head and Rakesh Singh, Production Head says the brand is revamping factories to change few of the material...

Business

TCNS Clothing hopes to raise 100 million dollars from PE funds

TCNS Clothing is in talks to raise 100 million dollars (Rs 686 crores to fund its growth plans. This would help its present investor Matrix Partners India, to exit. It had invested Rs 100 crores in TCNS in 2011. TCNS owns the W brand of clothes for women. The money will be used to expand the reach of TCNS to new countries as well as the number...

Apparel

W the women’s wear brand to go global

Delhi-based TCNS Clothing Company the makers of the women`s wear brand `W` is exploring opportunities to introduce the label in international markets, besides expanding domestic retail operations. As a part of India expansion, the company plans to set up 100 exclusive `W` stores in the country including tier II and tier III cities by March 2012....