Ferns N Petals: Rising Revenues Amidst Surging Losses in FY23

Editorial Desk · 2024-01-24T11:43:30+05:30

Ferns N Petals, a renowned Indian gifting company, showcased a revenue increase to Rs 607 crore in FY23, reflecting a 4.8% growth. Despite this uptick in sales, the company faced a substantial loss of nearly Rs 110 crore, a significant shift from the previous fiscal year's profit of Rs 10 crore.The company's revenue streams are diversified, primarily driven by sales of cakes, flowers, and personalized gifts. These products are sold through their own websites, various e-commerce platforms, and an extensive network of over 400 franchise stores across India. Ferns N Petals also has a presence in the hospitality and wedding sectors, contributing to its overall business portfolio.The increased losses this fiscal year are largely due to escalating operational costs across the company's various segments. This financial strain contrasts sharply with the company's previous profitability and highlights the challenges in maintaining growth amidst rising expenses.

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Ferns N Petals: Rising Revenues Amidst Surging Losses in FY23
Posted by Editorial Desk on January 24, 2024 at 11:43 am
Ferns N Petals, a renowned Indian gifting company, showcased a revenue increase to Rs 607 crore in FY23, reflecting a 4.8% growth. Despite this uptick in sales, the company faced a substantial loss of nearly Rs 110 crore, a significant shift from the previous fiscal year’s profit of Rs 10 crore.
The company’s revenue streams are diversified, primarily driven by sales of cakes, flowers, and personalized gifts. These products are sold through their own websites, various e-commerce platforms, and an extensive network of over 400 franchise stores across India. Ferns N Petals also has a presence in the hospitality and wedding sectors, contributing to its overall business portfolio.
The increased losses this fiscal year are largely due to escalating operational costs across the company’s various segments. This financial strain contrasts sharply with the company’s previous profitability and highlights the challenges in maintaining growth amidst rising expenses.

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