Just came across this updateโLicious is expanding into offline stores, with FY24 offline revenue expected to cross โน500 crore! ๐ฅฉ๐ However, their overall operating revenues fell by 8% to โน685 crore compared to the previous year, primarily due to weaker offline sales, which dropped from โน76 crore to โน36 crore. Liciousโ growth has noticeably slowed down over the past two years, with revenues rising just 9.6% from FY22 to FY23 before this decline. While their offline expansion shows ambition, the company faces challenges in maintaining growth and profitability. #Licious #RevenueDecline #OfflineExpansion #Startup #BusinessStrategy #Retail #Ecommerce
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