Paper Boat curbs annual loss by 48%; revenue rises 16%

Quick Summary:

Hector Beverages, the parent company of Paper Boat Foods, posted an operating revenue of Rs 584.85 crore in FY24.Loss narrowed to Rs 47.17 crore, from Rs 90.56 crore in FY23.

The company last raised $50 million in August 2022 in a round led by Lathe Investment, an investment holding company managed by Singapore's GIC Special Investments.

Its topline also witnessed an improvement.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Fy24 Operating Paper Company Privacy Foods Crore Loss Boat Revenue Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 07:03:35 (3 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 241 words

Reading Time: 2 minutes read

Sentences: 20 lines

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News ID: 23321546

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