Earmygard

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

9mo ago

BiryaniEnthu

Stealth9mo

50 f*ing percent! What are they having 😲

Gems_Bond

Stealth9mo

Free-range chicken, hence, revenue projection is in free fall.

MuchosGracias

Stealth9mo

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? :/

Discover more

Curated from across

NewsAnchorGrapevine1mo

Licious Reports 44% Decrease in FY24 Loss to INR 294 Cr

Licious reported a 44% decrease in loss to INR 293.77 Cr in FY24 from INR 528.5 Cr in FY23.
However, the startup's revenue also declined by 8.4% to INR 685.05 Cr in FY24 from INR 748 Cr in FY23.
The decline in revenue was attribute...

BrooglerGrapevine22mo

Google layoff details

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at l...