Curefoods’ FY24 Loss Halves To INR 173 Cr
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Curefoods’ FY24 Loss Halves To INR 173 Cr

26 Dec'24 | By
SUMMARY

Curefoods’ loss fell 49.64% on the back of strong growth in its top line and improvement in margins

Operating revenue zoomed 53.17% to INR 585.1 Cr in FY24 from INR 382 Cr in the previous fiscal year

EBITDA loss narrowed to INR 82.8 Cr from INR 275.7 Cr in FY23, while EBITDA margin improved to -14% from -72% in FY23

Bengaluru-based cloud kitchen startup Curefoods managed to reduce its net loss by 49.64% to INR 172.6 Cr in the financial year ended March 2024 (FY24) from INR 342.7 Cr in FY23, as its top line surged and margins improved.

The startup’s operating revenue zoomed 53.17% to INR 585.1 Cr in FY24 from INR 382 Cr in the previous fiscal year.

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