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Chumbak posts loss of ₹19.9 crore for fiscal year 2017
short by Aditi Verma / on Thursday, 22 February, 2018
Bengaluru-based lifestyle brand Chumbak has posted a net loss of ₹19.9 crore for the fiscal year 2017, according to filings. Net sales for the year rose 20.6% to ₹41 crore and total expenditure also saw a 13.7% rise to ₹57.4 crore. Founded in 2010, Chumbak sells designer t-shirts, tins, coffee mugs, shot glasses, mouse pads, bookmarks, posters, among others.
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