Grofers doubles revenue in India

Date : 15 February 2021

Francis Ramos

Senior Retail Analyst

India’s online grocer Grofers has reported a 111% increase in its revenue to INR1,767m (US$24m) in FY20 (ending March 2020).  However, with overall expenses increasing 53% to INR8,142m (US$112m), the retailer reported a net loss of 42%, equating to INR6,374m (US$88m). Increase in warehouse…
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