Online-cum-offline furniture retail platform Urban Ladder’s focus on expanding offline stores and cutting expenses has worked for the firm in FY18. The company’s consolidated revenue in the latest fiscal year doubled to Rs 204.73 crore from Rs 101.87 in FY17, while the expenses went down by 50 per cent, halved, to Rs Rs 284.91 crore from Rs 560.99 crore in previous fiscal. While Urban Ladder aims to be profitable by December 2019, in FY18 it incurred a loss worth Rs 117.32 crore, a 70.4 per cent shrink from Rs 459.11 crore figure in FY17.

Publication: Entrackr (Online)

Date: December 31, 2018