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The company had posted a consolidated net loss of Rs 15.59 crore during April-June of the previous financial year, Raymond Ltd said in a filing to the BSE.
Along with the goal of driving 10 per cent of its revenues through private labels by December, Flipkart said it would look to reach its seller payout goals in the same time.
BIBA earns 15-17% sales from online channel including marketplaces and from their own site. However, from its own site, the sales percentage is between 4-5%.