Wow! Momo’s Loss Flat At INR 114 Cr In FY24

Wow! Momo’s Loss Flat At INR 114 Cr In FY24

Kolkata-based QSR chain Wow! Momo’s net loss remained almost flat at INR 114.4 Cr in the financial year 2023-24 (FY24). This was 0.53% higher than the loss of INR 113.8 Cr in FY23. Its operating revenue rose 13.83% to INR 470 Cr during the year under review from INR 412.9 Cr in FY23.  The startup also hit EBITDA profitability during the year under review. Wow! Momo’s EBITDA stood at INR 38.2 Cr in FY24 as against an EBITDA loss of INR 1.7 Cr in …

Wow! Momo posts Rs 470 Cr revenue and Rs 114 Cr loss in FY24

While quick-service restaurant chain Wow! Momo saw a 14% growth in operating revenue in FY24, it fell far short of the 88% year-on-year surge recorded in FY23, indicating a slowdown in growth. However, the Tiger Global-backed firm managed to keep its losses stable, remaining flat for the fiscal year ending March 2024. Wow! Momo’s revenue from operations grew to Rs 470 crore in the last fiscal year from Rs 413 crore in FY23, its consolidated fina…