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wow momo reports flat loss while achieving ebitda profitability in fy24
Kolkata-based QSR chain Wow! Momo reported a net loss of INR 114.4 Cr for FY24, slightly up from INR 113.8 Cr in FY23, while operating revenue increased by 13.83% to INR 470 Cr. The company achieved EBITDA profitability with INR 38.2 Cr, marking a significant turnaround from an EBITDA loss of INR 1.7 Cr the previous year. Wow! Momo aims for INR 650 Cr in revenue for the current fiscal year and plans to pursue an IPO in 2027, contingent on reaching INR 1,000 Cr in revenue.
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