Mumbai, Feb. 13 -- Revenue from operations rose 6% to Rs 517.51 crore in Q3 FY25 as compared with Rs 488.21 crore posted in corresponding quarter last year.

As part of Project 'Neev', the holding company has discontinued the super stockist layer and certain direct distributors, replacing them with higher-quality Tier 1 distributors to service retailers across the top 50 cities. Following this transition, as of December 31, 2024, the company has outstanding provisions for sales returns amounting to Rs 8.95 crore, with a resulting right-to-return asset of Rs 1.09 crore.

EBITDA stood at Rs 26 crore, recording de-growth of 23.53% as compared with Rs 34 crore in Q3 FY24. EBITDA margin stood at 5% in Q3 FY25 as against 7.1% in Q3 FY24.

Accor...