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Vikram Kumar

Founder at Stockwareย โ€ขย 8m

Just came across this updateโ€”Licious is expanding into offline stores, with FY24 offline revenue expected to cross โ‚น500 crore! ๐Ÿฅฉ๐Ÿ“ˆ However, their overall operating revenues fell by 8% to โ‚น685 crore compared to the previous year, primarily due to weaker offline sales, which dropped from โ‚น76 crore to โ‚น36 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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