The Ayurveda Co suffered a sharp rise in losses in FY24, as its net loss surged over three-fold to Rs 68 crore, up from Rs 21 crore in FY23. Despite the losses, the company’s revenue grew by 66 per cent to reach Rs 59.6 crore. The firm’s total income, including Rs 2.4 crore from interest earnings, stood at Rs 62 crore in fiscal year 2014-15. The company spent Rs 1.84 to earn a single rupee, which underscores its financial struggles. It ended FY24 with current assets worth Rs 45 crore, but its cash and bank balance stood at just Rs 52 lakh, which raised concerns about its liquidity. The next fiscal year will be critical in determining the company’s long-term viability and financial health. The Ayur Veda Co, backed by Sixth Sense Ventures, specialises in ayurvedic beauty and personal care products, including skincare, haircare, makeup, and wellness items.
