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vishakha Jangir
•
Set2Score • 1m
𝗕𝗼𝗮𝘁 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 📍Financial Performance Overview. : Revenue: ₹3,122 crore in FY24, a 5% decline from ₹3,285 crore in FY23. Net Loss: Reduced by 47% to ₹53.5 crore in FY24 from ₹101 crore in FY23. EBITDA: Turned positive with ₹14 crore profit in FY24, compared to a ₹50 crore loss in FY23. Cash Flow: Operating cash flow improved to ₹3,999 million in FY24 from negative ₹76.82 million in FY23. 📍Revenue Breakdown by Segment (FY23) : Audio Products: 70% (₹2,350 crore) Wearables: 27% (₹902 crore) Others: 3% (₹109 crore) 📍Business 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. 📍Strategic 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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