Online gifting platform Ferns N Petals logs Rs 24.2 cr loss in FY24 [Video]

Popular online gifting platform Ferns N Petals reported Rs 24.26 crore loss last fiscal (FY24), from Rs 109.5 crore in FY23.

According to its financial statements filed with the Registrar of Companies (ROC), the company’s income from operations stood at Rs 705.4 crore in FY24, an increase from Rs 607.3 crore in FY23.

Ferns N Petals sells products through its website, third party e-commerce platforms, company-owned stores and franchises.

The cakes, flowers and gifting solutions segments account for 91 per cent of the company’s revenue. It has increased by 15 per cent on an annual basis to Rs 640.75 crore in FY24, which was Rs 556.18 crore in FY23.

Apart from this, the remaining income came from delivery charges and other income. In FY24, the company’s expenses increased by about 2 per cent on an annual basis to Rs 736.7 crore, which was Rs 723 crore in FY 23.

In last fiscal, the cost of material accounted for 42.3 …