Swedish fashion retailer H&M reported a 30% jump in net sales in India for the six-month period ended 31 May, the retailer said in its global earnings release on Thursday. H&M Group’s financial year runs from 1 December to 30 November. For the six month period, net sales in India rose from ₹645.86 crore in the previous year to ₹836.6 crore in the first half of the year. “The H&M group’s net sales in local currencies increased by 12% in the first half of 2021 compared with the corresponding period last year," it said in statement. In the six-month period, online sales increased by 47% and by 39% in the second quarter.

Source: Mint July 01, 2021 13:07 UTC