Licious's revenue projection was off by a...mere 50%. As a result 100 ppl lose their jobs.
Makes you wonder what models do analysts and business people use in such companies. https://thearcweb.com/article/licious-closes-fy23-flat-revenue-improved-margins-targets-1200-crore-5mmhCXiY1OtIdsMY
BiryaniEnthu
Stealth
7 months ago
50 f*ing percent!
What are they having 😲
Gems_Bond
Stealth
7 months ago
Free-range chicken, hence, revenue projection is in free fall.
MuchosGracias
Stealth
7 months ago
In an industry where the gross margins in an end to end owned supply chain are upwards of 60%, the only metric you have to focus on is growth
And they’re off by 50% here? :/
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