Sector AnalysisFashion & Apparel
- Pipeline
- Bramble BasicsBrand apparel
- CorallineBrand apparel
- Gilded MothJewellery
- Inara EthnicBrand apparel
- Kadam FootwearFootwear & acc.
- Kumkum GoldJewellery
- KurtiqBrand apparel
- Lensly EyewearFootwear & acc.
- LoomwellBrand apparel
- Mandi ThreadsValue apparel
- Marigold MenswearBrand apparel
- Nakshi HouseJewellery
- Northpaw KidsBrand apparel
- Ochre & InkBrand apparel
- Orrin Fine JewelsJewellery
- Pave & PearlJewellery
- PebblewearBrand apparel
- Saffron StreetValue apparel
- Second StitchResale & rental
- Silverleaf StudioJewellery
- StridewellFootwear & acc.
- Tandem Fashion StoresValue apparel
- Tara Lab DiamondsJewellery
- Tessel BagsFootwear & acc.
- Trailmark OutdoorFootwear & acc.
- Weave BazaarValue apparel
- Portfolio
- Lumen JewelsJewellery
- Listed
- ArcadiaFootwear & acc.
- HollinBrand apparel
- KanchanaJewellery
- Langkah AktifFootwear & acc.
- MeridianValue apparel
- PadmaFootwear & acc.
- Pasar ModaValue apparel
- RatnamJewellery
- Saigon ThreadBrand apparel
- SelvedgeBrand apparel
- SundaraValue apparel
- SuvarnaJewellery
- VarahaBrand apparel
- No current figures
- Ambit SocksFootwear & acc.
- Chandra Silver CoJewellery
- Closet LoopResale & rental
- Drift DenimBrand apparel
- Halcyon SwimBrand apparel
- Halo Lab-GrownJewellery
- Kesari KidsBrand apparel
- Loomlink SourcingB2B sourcing
- Mithila WeavesValue apparel
- Paddock SneakersFootwear & acc.
- Puddlejump Kids ShoesFootwear & acc.
- Rewear ClubResale & rental
- Satchel & CoFootwear & acc.
- Shringar SilverJewellery
- Tavi InnerwearBrand apparel
- Vela WatchesFootwear & acc.
- WovenlyBrand apparel
Compared with42 companies
Revenue growth
64.8%FY24
4th of 36, beats 91%
Top quartile
Top quartile
Gross margin
45.5%FY24
18th of 22, beats 19%
Bottom quartile
Bottom quartile
EBITDA margin
11.5%FY24
10th of 33, beats 72%
Middle half
Middle half
Inventory days
106dFY24
2nd of 27, beats 96%
Top quartile
Top quartile
Marketing spend
1.4%FY24
8th of 33, beats 78%
Top quartile
Top quartile
Revenue
$103mFY24
14th largest of 43
Profile
Percentile on each metric, whole sector
Saffron StreetListed medianMedian company (50th)
Private vs listed
Group medians, whole sector
Private medianListed medianSaffron Street
Revenue growth
% YoY
Gross margin
% of revenue
EBITDA margin
% of revenue
Inventory days
days of COGS
Marketing spend
% of revenue
Where Saffron Street sits
Every company with a figure, whole sector
Saffron StreetPrivateListedPortfolioMiddle halfMedian
Revenue growth
median 34.1%, 36 companies
64.8%4th of 36
Gross margin
median 55.0%, 22 companies, excl. jewellery
45.5%18th of 22
EBITDA margin
median 8.6%, 33 companies
11.5%10th of 33
Inventory days
median 184d, 27 companies
106d2nd of 27
Marketing spend
median 5.0%, 33 companies
1.4%8th of 33
Closest peers
Value apparel, nearest in revenue
| Company | Model | RevenueUSD m | Growth% YoY ↑ | Gross margin% rev. ↑ | EBITDA% rev. ↑ | Inventorydays ↓ | Marketing% rev. ↓ |
|---|---|---|---|---|---|---|---|
| Saffron Street | Offline-first | $103m | 64.8% | 45.5% | 11.5% | 106d | 1.4% |
| Pasar Moda | Offline-first | $1.2bn | – | 39.8% | 11.2% | 123d | 0.7% |
| Meridian | Offline-first | $572m | 13.8% | 33.7% | 16.2% | 134d | 0.7% |
| Sundara | Offline-first | $539m | 10.3% | 34.1% | 8.1% | 102d | 0.3% |
| Weave Bazaar | Offline-first | $51m | 12.6% | – | 7.9% | – | 0.6% |
| Tandem Fashion Stores | Omnichannel | $26m | 8.3% | – | – | – | 0.6% |
| Mandi Threads | Offline-first | $26m | 23.8% | 40.3% | 9.9% | – | 1.3%† |
| Segment median | $103m | 13.2% | 39.8% | 10.6% | 115d | 0.7% | |
Top quartile, in the metric's colourBottom quartile