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Archies: Disappointing quarter

Sep 26, 2006

Greeting cards and gifts major, Archies, reported disappointing 1QFY07 (June quarter) numbers. The company reported a strong topline growth of 26% YoY. However, operating margins crashed by 580 basis points (5.8%), due to an increase in all the cost overheads (as a % of sales). Despite the lower margins, net profits up by 14% YoY, due to higher other income and a lower tax outgo.

Archies: In doldrums

May 20, 2003

For Archies Ltd. FY03 has been a rather disappointing year, where topline fell by 5% and net profit eroded by 59%. The company has attributed the poor performance during the year to the economic slowdown and non performance of some of its business modules. Lets take a deeper look at the performance of the company during the year.

Archies: Signs of improvement

Jun 12, 2002

Greetings and gifts major, Archies, has recorded a much better performance in FY02. The company logged in an 18% YoY topline growth in FY02, as compared to a 4% decline during FY01.

Archies: E-card blues

Aug 13, 2001

Archies Greetings' bad patch continues. In 1QFY02 the gift and greeting cards major has reported a 38% decline in net profit to Rs 16 m. This is despite a 10% growth in topline during the period under review.

Archies: Bottoming out

Mar 30, 2001

Archies Greetings & Gifts is India's largest creator and distributor of greeting cards, stationery, gifts and related social expression products. It commands 45% of the Rs 3 bn Indian greeting cards market. Apart from selling cards under its own label, it sells Gibsons, Paper Magic and Paper Rose cards through a licencing arrangement with global majors. The company has also diversified into marketing music CDs, cassettes and perfumes. Almost 70% of its FY00 revenues came from selling greeting ca

Archies: Speed breaker Ahoy!

Nov 22, 2000

Archies Greetings & Gifts is India’s largest creator and distributor of greeting cards, stationery, gifts and related social expression products. It commands 45% of the Rs 3 bn Indian greeting cards market. Apart from selling cards under its own label, it sells Gibsons, Paper Magic and Paper Rose cards through a licencing arrangement with global majors. The company has also diversified into marketing music CDs, cassettes and perfumes. Almost 70% of its FY00 revenues came from selling greeting ca

Archies's dissenting profit growth in 1Q

Jul 24, 2000

Archies Greetings & Gifts Ltd's profits dropped in the 1QFY01 to Rs 17 m. The margins of the company declined to 24.5% (from 25.6% in 1QFY00) due to 53% increase in the staff cost.

Archies: consildating in 2QFY2000

Oct 22, 1999

Greeting cards and Gifts major, Archies Greetings net profit has surged by 83% to Rs 34 m in second quarter ended September 30, 1999. Income from operations also improved by 23% to Rs 191 m.

Archies gets net savvy

Sep 20, 1999

Greeting cards and gifts major, Archies plans to sell its products through the Internet as part of its strategy to expand globally. This has been reported by a national daily.


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