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Akshat kumar Jain

Front end developmen...ย โ€ขย 1y

Wow Momo has doubled its revenue every year Founded in 2008, Wow! Momo has become a national phenomenon with over 500 outlets across 25 Indian cities. Let's dive deeper into their impressive FY23 financials Revenue Soars: Total revenue, including other income streams, jumped a whopping 87.3% to INR 416.3 Cr in FY23, compared to INR 222.19 Cr in FY22. Growth Drivers: This surge can be attributed to two key factors: a strategic expansion in the number of stores and the introduction of exciting new brands like Wow! Chicken, Wow! China, and China Belly. ๐Ÿ‡จ๐Ÿ‡ณ Profitability Watch: While net loss grew slightly (13%) to INR 60.5 Cr in FY23 from INR 53.4 Cr the previous year, the overall growth story remains positive. Will their hot streak continue?

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