Mumbai: Online furniture and home products marketplace Pepperfry, owned and operated by TrendSutra Group of Companies, is looking at becoming profitable in the next four to six quarters, a senior official said.
The unlisted company Wednesday said it has narrowed its losses to Rs 169.26 crore in FY18, from Rs 248.5 crore in FY17, while its revenues rose 20 per cent to Rs 308.46 crore in FY18, from Rs 257.96 crore in FY17. The company also reduced its underlying EBITDA loss by 42 per cent year-on-year to Rs 138.94 crore.
“Our revenue growth is in line with the country’s e-commerce sector, which is the fastest growing globally. The gap in our losses has been narrowing every successive financial year, and we are looking to be profitable in the next four to six quarters,” Neelesh Talathi, chief financial officer of Pepperfy, told. (PTI)
