India, Dec. 27 -- Delhi NCR-based tea-cafe chain Chaayos reduced its net loss by 50.59% to INR 54 Cr in the financial year ended March 2024 (FY24) from INR 109.3 Cr in FY23, as it cut its expenses and turned EBITDA profitable.

Chaayos reduced its net loss by 50.59% to INR 54 Cr in the financial year ended March 2024 (FY24) from INR 109.3 Cr in FY23, as it cut its expenses and turned EBITDA profitable.

However, the decline in loss came at the cost of subdued growth in its top line. Chaayos' operating revenue rose a mere 4.89% to INR 248.6 Cr during the year under review from INR 237 Cr in FY23.

Including other income, total revenue grew 7% to INR 271.2 Cr in FY24 from INR 253.4 Cr in the previous fiscal year.

However, Chaayos posted a ...