All new-era companies that reported profits in FY23 are looking for profitability at the expense of growth. Previously, when the cycle was up, everyone considered growth at the expense of profitability.
All New Era companies that reported profits in FY23 are looking at profitability at the expense of growth. Previously, when the cycle was up, everyone considered growth at the expense of profitability.
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If we look at three new era companies – Zomato, Nykaa and Delhivery, between FY18 and FY22, their revenues grew at a compound growth of between 55% and 73%. However, in FY23, their revenue declined and was between 13% and 69%.
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