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-212.85
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+ 249.00
+ 358.00
+ 2,396.00
-212.85
-93.10
-93.10
+ 249.00
+ 249.00
+ 358.00
Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, has posted a higher loss of Rs 1,535 crore in 2022-23, according to details shared by Tofler.
Tofler said the loss increased by 89 per cent, implying the company had posted a loss of around Rs 812 crore in 2021-22.
The company's revenue increased by 5 per cent to Rs 7,462 crore.
"The company further reported a net loss of Rs 1,535 crore during the same fiscal. This is a 89 per cent increase from the last financial year. Total expenses for the fiscal were reported as Rs 8,998 crore," the report said.
BigBasket declined to comment on the report.
Published on June 30, 2023
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