<ul><li>Biba Group, consisting of BIBA Fashion Limited and Kashida Apparels Private Limited, reported a 13% drop in consolidated revenue to Rs 758 crore in FY2024.</li><li>The company reported a loss of Rs 95.5 crore in FY2024 compared to a profit of Rs 53 crore in FY2023 due to cost pressures and under-absorption of fixed overheads.</li><li>Inventory management remains a key concern for the company, with a significant amount of stock blocking working capital.</li><li>The Group's flagship label, BIBA, accounts for 85-90% of overall revenue, highlighting brand concentration risk.</li></ul>

BIBA Group's revenue drops by 13% to Rs 758 crore in FY24, reports a loss of Rs 95.5 crore

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