Business Standard

PepperFry loss widens to Rs 183 crore, now trails Urban Ladder

Loss-making company runs experience studios across 65 locations, covering 25 cities

PepperFry, Furniture
Premium

Yuvraj Malik Bengaluru
Increasing competition and a year-long expansion effort has put PepperFry in the second spot. It is only behind Urban Ladder now, which emerged profitable last year.

 In the financial year ended March 2019, net losses at PepperFry jumped 172 per cent to Rs 183.5 crore, company documents accessed through Tofler showed. The figures put the Mumbai-based online furniture brand in contrast to rival Urban Ladder which posed a Rs 50-crore profit in the same period.

In the given year, total revenue saw 47 per cent increase to Rs 206.8 crore, while total expenses increased 58 per cent to Rs 390.3

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 30 2019 | 11:25 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com