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Pepperfry sees low topline growth in FY24
- Pepperfry, a furniture and home decor provider, reported a 30.6% decline in operating revenue in FY24.
- The company focused on reducing losses, which decreased by 37% compared to the previous year.
- Expenses were reduced by 30% to Rs 326 crore through inventory management and cost-cutting measures.
- Competitor Wakefit.co saw a 24% increase in revenue in FY24, returning to EBITDA profitability.
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