Rebel Foods Cuts Losses and Increases Revenue in FY24

Rebel Foods, owner of brands like Faasos and Behrouz Biryani, reported a decrease in consolidated loss to Rs 378.21 crore for FY24. The company saw an 18.8% rise in revenue to Rs 1,420.24 crore. Its total income grew by 18%, with other income up 2.81%. Expenses reached Rs 1,857.03 crore.

Rebel Foods, which owns popular brands such as Faasos, Behrouz Biryani, and Oven Story, has announced a reduction in its consolidated loss to Rs 378.21 crore for FY24, according to data from the business intelligence platform Tofler.

The company's operational revenue surged by 18.8% to reach Rs 1,420.24 crore for the financial year ending March 31, 2024. This is a significant improvement from FY23, where Rebel Foods reported a net loss of Rs 656.55 crore and revenue of Rs 1,195.22 crore.

Founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods is the world's largest internet restaurant company, operating over 450 kitchens across 70 cities. The company continues to expand its presence, currently managing over 45 brands in multiple countries.

(With inputs from agencies.)