boAt Reduces Losses by 47% in FY24 Despite Flat Growth

• boAt's revenue in FY24 was Rs 3,122 Cr, a 5% decrease from FY23.
• Despite this, the company managed to reduce its losses by 47%.
• The company returned to profitability with a positive EBITDA in FY24.
• Most of boAt's revenue comes from the sale of audio devices.
• The Indian wearables market saw a 10% decline in the June 2024 quarter.

Source: Entrackr