Bertelsmann-backed Pepperfry s FY23 revenue up 10% YoY as it doubles down on retail expansion yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Omnichannel furniture retailer Pepperfry narrowed losses slightly to Rs 187.6 crore in FY23 from a year ago while operating revenue grew modestly. This and more in todays ETtech Top 5.
Pepperfry Results: During FY23, Pepperfry reduced its advertising and promotional expenses by over 10% on year to Rs 106 crore. Further, while it struggled to increase scale, order fulfilment costs, which include logistics and warehousing expenses, fell in the year to March 2023. Costs under this head fell to Rs 87.4 crore in FY23 from Rs 89.3 crore a year earlier.