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Paper Boat curbs annual loss by 48%; revenue rises 16%
- Paper Boat Foods, owned by Hector Beverages, has reduced its annual loss by 48% to Rs 47.14 crore in FY24.
- The operating revenue of Hector Beverages increased by 16% to Rs 584.85 crore in FY24.
- Revenue from traded goods, mainly driven by fruit juices, rose by 16.23% to Rs 304.32 crore in FY24.
- Expenses in FY24 were 7.2% higher at Rs 642.34 crore, while finance costs reduced by 54% to Rs 2.75 crore.
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