Login

News Post

BigBasket reports 6% increase in FY24 consolidated operating revenue at Rs 10,062 crore

Economic TimesEconomic Times ¡ 20d
BigBasket reports 6% increase in FY24 consolidated operating revenue at Rs 10,062 crore

- Supermarket Grocery Supplies, the parent company of BigBasket, reported a 6% increase in operating revenue for FY24 at Rs 10,062 crore. - BigBasket's losses reduced to Rs 1,415 crore from Rs 1,785 crore in FY23. - Total expenses for BigBasket slightly increased to Rs 11,515 crore compared to Rs 11,284 crore in FY23. - BigBasket's advertising and sales promotion costs decreased from Rs 385 crore to Rs 330 crore in FY24. - Innovative Retail Concepts, a subsidiary of Supermarket Grocery Supplies, registered a 6% YoY growth in operating revenue for FY24 at Rs 7,885 crore, with a net loss of Rs 1,267 crore. - BigBasket is planning to raise $80-100 million through a mix of debt and equity to support its expansion plans, especially in the quick-commerce segment.

2
1
View Source

Comments

More Like this

BigBasket’s revenue crosses Rs 10,000 Cr in FY24

BigBasket’s revenue crosses Rs 10,000 Cr in FY24

BigBasket B2C unit posts 6% growth in FY24 revenue, cuts losses by 17%

BigBasket B2C unit posts 6% growth in FY24 revenue, cuts losses by 17%

Info Edge crosses Rs 2,500 Cr revenue and Rs 500 Cr profit threshold in FY24

Info Edge crosses Rs 2,500 Cr revenue and Rs 500 Cr profit threshold in FY24

BigBasket’s B2B Arm Trims Losses To INR 1,415 Cr In FY24

BigBasket’s B2B Arm Trims Losses To INR 1,415 Cr In FY24

Sachin Bansal's Navi Finserv quadruples standalone PAT in FY24 after subsidiary sale

Sachin Bansal's Navi Finserv quadruples standalone PAT in FY24 after subsidiary sale

Tractor Junction revenue soars 2.3X in FY24; cuts losses by 51%

Tractor Junction revenue soars 2.3X in FY24; cuts losses by 51%

Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits

Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits

Infibeam Avenue reports 43% growth in PAT in Q1 FY25

Infibeam Avenue reports 43% growth in PAT in Q1 FY25

Jio Financial Services Q4: Profit Rises 6% QoQ To INR 311 Cr

Jio Financial Services Q4: Profit Rises 6% QoQ To INR 311 Cr

Unicommerce profits grew 22% in Q1 FY25

Unicommerce profits grew 22% in Q1 FY25

Download the medial app to read full posts, comements and news.