Wow Skin Science cuts losses despite revenue dip, eyes profitability by 2025
Beauty and personal care firm Wow Skin Science reported a second consecutive year of revenue decline while reducing losses by about 40% in the financial year ending March 2024.
Its parent company, Body Cupid Pvt Ltd, saw a 10% drop in operating revenue to Rs 233.4 crore in 2023-24, down from Rs 258.1 crore in the previous fiscal, according to the company’s financials sourced from business intelligence firm Tofler.
Concurrently, the company’s net loss decreased to Rs 130.2 crore from Rs 213.5 crore during this period.
For 2021-22, the company had reported an operating revenue of Rs 340.3 crore and net loss of Rs 135.8 crore.
The reduction in losses follows the Bengaluru-based company’s efforts to curb overall expenses. In 2023-24, the company cut its expenses by 22.4% to Rs 377 crore, down from Rs 486 crore in the previous year.
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