Beardo reports Rs 106.6 Cr revenue in FY23 but slips into losses

  • Beardo’s revenue grew by 12.2% in FY23 but it registered a loss of Rs 6.13 crore.
  • Increases in costs of materials, employee benefits, legal fees, and advertising outpaced the revenue growth.
  • Despite the challenges, crossing the Rs 100 crore milestone validates Beardo’s market position.
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