TCNS Clothing Co. Ltd.

NSE: TCNSBRANDS | BSE: 541700 | ISIN: INE778U01029 | Industry: Other Apparels & Accessories
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ICICI Securities Limited
Unimpressive revenue print led by; (1) ~7% revenue-impact (related to primary billing) of change in revenue/inventory accounting for B2B business from outright-sale model to SOR (sale or return) model; where-in revenue is booked only after actual sales happen. In SOR; inventory is on the books of TCNS.
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