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vishakha Jangir
ย โขย
Set2Scoreย โขย 1m
๐๐ผ๐ฎ๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐: ๐Financial Performance Overview. : Revenue: โน3,122 crore in FY24, a 5% decline from โน3,285 crore in FY23. Net Loss: Reduced by 47% to โน53.5 crore in FY24 from โน101 crore in FY23. EBITDA: Turned positive with โน14 crore profit in FY24, compared to a โน50 crore loss in FY23. Cash Flow: Operating cash flow improved to โน3,999 million in FY24 from negative โน76.82 million in FY23. ๐Revenue Breakdown by Segment (FY23) : Audio Products: 70% (โน2,350 crore) Wearables: 27% (โน902 crore) Others: 3% (โน109 crore) ๐Business Model & Strategy : Product Focus: Affordable, stylish audio and wearable devices targeting young consumers. Sales Channels: Primarily online via e-commerce platforms and boAt's website, supplemented by offline retail partnerships. Marketing: Leveraging influencer collaborations and social media to build brand appeal among millennials and Gen Z. ๐Strategic Outlook : Profitability: Positive EBITDA indicates improved operational efficiency. Market Position: Continues to lead in India's audio and wearable segments. Expansion Plans: Aiming for a valuation of over $1.5 billion in its upcoming IPO in FY25 Follow vishakha Jangir for more such insights.
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