Good Glamm Group accumulates losses in FY23 amid profitability focus

Quick Summary:

The BPC conglomerate has been prioritizing operational efficiency and international expansion to address escalating losses and to scale its operations ahead of its IPO.

It is looking to launch its public offering in October 2024 and is focusing on profitability before listing on domestic bourses.

The company in a statement shared that it optimized its workforce by integrating roles between various acquired companies.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Losses International Company Policy Crore Glamm Group Fy23 Privacy Good Beauty

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 11:38:37 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 21871989

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