Lovable Lingerie Limited has announced a board meeting.

The consolidated financial results show a total income of ₹964.23 million for the quarter ended December 31, 2024, marking a year-over-year decline from ₹1,499.82 million.

This revenue drop of approximately 36% may be attributed to reduced demand and operational challenges.

The net loss for the quarter stood at ₹265.39 million, compared to a profit of ₹39.63 million in the same quarter last year.

The Earnings Per Share (EPS) has decreased to (₹1.79) from ₹0.52, reflecting significant pressure on profitability primarily due to rising operational costs, including a substantial exceptional item loss from a stock loss by fire.

Operational costs totaled ₹1,229.62 million, leading to an increase in costs as a percentage of revenue, particularly with employee benefits and other operational expenses playing a critical role in this rise.

On the balance sheet, Lovable maintains a paid-up share capital of ₹148 crore, but the notable loss may affect investor sentiment short-term.

Strategic focus should shift towards crisis management and reclaiming market share to bolster revenues.

Given the current financial strain and operational challenges, maintaining a cautious stance is advisable until signs of recovery in demand and profitability are evident.