boAt records Rs 2,873 Cr revenue in FY22, profit drops 20%

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  • Consumer electronics startup boAt remains a leader in the wearables and wireless audio accessories segment in India.
  • boAt experienced 2X growth for two consecutive fiscal years: FY21 and FY22.
  • Despite the revenue growth, boAt’s profit dropped by 20% in FY22 due to cost of procurement outpacing revenue growth.
  • boAt’s revenue from operations increased significantly.