Disruptions owing to store closures (from mid-March onwards) led to substantial contraction in revenues for TCNS Clothing in Q4FY20. Revenue for the quarter de-grew 25% YoY to | 219.2 crore. In B2C sales, TCNS reported SSSG of 4%+ in January-February while in March SSSG contracted materially by 57% YoY. As per management estimates, the company was unable to execute confirmed B2B orders worth | 44.0 crore and overall lost revenue worth | 103.0 crore in Q4FY20. Given March is a full priced season sale, loss of sales negatively impacted gross margins....