1. Adidas India FY17 net profit up 130 pct

Adidas India FY17 net profit up 130 pct

German sportswear maker Adidas has reported a 130% rise in net profit at Rs 95 crore in its India business for the financial year 2016-17.

By: | New Delhi | Published: September 11, 2017 5:41 AM
Adidas, Adidas news, Adidas profit, Adidas revenue, Adidas india, Adidas india profit, Adidas india net profit Net profit stood at Rs 41 crore in the year-ago period, the company said in a statement. (Reuters)

German sportswear maker Adidas has reported a 130% rise in net profit at Rs 95 crore in its India business for the financial year 2016-17. Net profit stood at Rs 41 crore in the year-ago period, the company said in a statement. The company registered Rs 1,100-crore revenue in 2016-17. “The company has grown on the back of consistent good performance across its popular categories such as running, training and football.” it said.

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