Tata’s Croma cuts off losses by 68%

Reading Time: 2 minutes Post Views: 5,487 On the back of a 12% jump in revenue Tata Group’s consumer electronics retail chain Croma has cut of its losses by 68% in the year ended March 2017 to Rs 61.4 crore down from Rs 195.6 crore in the previous year. According to its latest regulatory filings, Infiniti Retail, that owns and operates the Croma stores, posted revenues of Rs 3,268.7 crore for 2016-17 against Rs 2,918.2 crore in the previous year. This defies the effects of the government’s demonetisation drive and ecommerce discounts. Infiniti Retail…

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