India, Dec. 18 -- Shantanu Despande-led D2C grooming and personal care brand Bombay Shaving Company's net loss declined 23% to INR 62.1 Cr in the financial year 2023-24 (FY24) from INR 80 Cr in the previous fiscal year, as its top line rose and margins improved.

The startup's operating revenue breached the INR 200 Cr mark during the year under review. Revenue from operations rose 26% to INR 204 Cr from INR 161.8 Cr in FY23.

Including other income, total revenue jumped to INR 233.4 Cr in FY24 from INR 182.4 Cr in the previous fiscal year.

Founded in 2016, Bombay Shaving Company began as a D2C men's grooming brand. Since then, it has expanded into new categories like perfumes and face washes and turned into an omnichannel brand.

Besides...