India, March 25 -- Heavenly Secrets Pvt Ltd, the parent of D2C personal care brand Pligrim, saw its operating revenue surge 160% to INR 198.8 Cr in the financial year 2023-24 (FY24) from INR 76.5 Cr in the previous fiscal year.

The company posted a net loss of INR 26.3 Cr in FY24, up 14.2% from the INR 23.05 Cr loss it incurred the previous fiscal.

The startup's earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss also widened to INR 25.2 Cr during the year under review as against an EBITDA loss of INR 20.9 Cr in FY23. However, its EBITDA margin improved 14 percentage points to -13% in FY24 from -27% in the previous year.

Despite the widening losses, the startup's topline grew exponentially in the year under re...