India, Feb. 27 -- Kolkata-based QSR chain Wow! Momo's net loss remained almost flat at INR 114.4 Cr in the financial year 2023-24 (FY24). This was 0.53% higher than the loss of INR 113.8 Cr in FY23.

Its operating revenue rose 13.83% to INR 470 Cr during the year under review from INR 412.9 Cr in FY23.

The startup also hit EBITDA profitability during the year under review. Wow! Momo's EBITDA stood at INR 38.2 Cr in FY24 as against an EBITDA loss of INR 1.7 Cr in the previous fiscal year. EBITDA margin improved to 8% in FY24 from 0% in the previous fiscal year.

Founded in 2008 by Binod Kumar Homagai, Sagar Daryani, and Shah Miftaur Rahman, Wow! Momo operates over 300 outlets across 17 cities. It also operates Wow! Chicken, Wow! Kulfi and...