Pepperfry cuts losses by 32% in 2017-18
The company plans to achieve overall profitability over the next 12-18 months
Bengaluru: Furniture retailer Pepperfry’s annual losses narrowed further to ₹ 169.26 crore, down 32% on a consolidated basis in 2017-18. Overall financial prudence, which led to a 13% reduction in expenses, a more omni-channel approach and an efficient supply chain network helped in cutting losses over time, the company said.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more