{“data”:{“gallery”:[],”web_story”:[{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/TlMiqWCU14rvY2mv4yQb.png”,”title”:”HealthKart revenue grows 69% to Rs 832.48 crore in FY23; Know the losses”,”desc”:””,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/FCPt6XpVQhJyaydIdbuc.png”,”title”:””,”desc”:”HealthKart, an omnichannel nutrition products retailer, has reported a 69.5% year-on-year growth in its operating revenue, reaching Rs 832.48 crore in the fiscal year ending March 31. nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/CENTYdJqa844ga0xMQGF.png”,”title”:””,”desc”:”As the company successfully increased its revenue, Its net loss also nearly halved to Rs 164.71 crore.nnn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/C9H1WexTIKvmdNY6C51p.png”,”title”:””,”desc”:”HealthKart managed to keep its total expenses in check, growing only 21.5% to Rs 1,016.5 crore. This indicates an improvement in the company’s unit economics. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/dQepcB77eKvMhHK52vDA.png”,”title”:””,”desc”:”The largest expense was raw material costs, which increased to Rs 341.6 crore in FY23 from Rs 197.4 crore in the previous year.nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/v6SuhBGvLjcYtsjNpmhb.png”,”title”:””,”desc”:”HealthKart’s advertising and promotional expenses climbed 56% year-on-year to Rs 188.63 crore. The increase was part of a strategic move to strengthen brand-building and marketing efforts, especially after raising $135 million in December 2022.”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/FphNcHr3OwP4B8Zd61Vc.png”,”title”:””,”desc”:”The company, which currently operates about 250 physical stores, up from 140 last year, has expanded its distribution network significantly. “,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/KgYyxxH3D4NVgTqZ2RN0.png”,”title”:””,”desc”:”It also sells products through its online channels and third-party e-commerce platforms like Amazon and Flipkart. nn”,”cta_link”:””,”cta_text”:””},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/WsLoHBR3ZQX2Swl9XLjE.png”,”title”:””,”desc”:”HealthKart owns eight brands in the nutritional products space, including MuscleBlaze and TrueBasics. Notably, MuscleBlaze holds a 25% share of India’s sports nutrition market, and HKVitals has a 20% share of the online health supplement market.nn”,”cta_link”:”https://indianstartupnews.com/news/healthkart-revenue-grows-69-percent-to-rs-832-crore-in-fy23-2033762″,”cta_text”:”Read Full Story”},{“type”:”image”,”img_src”:”indianstartupnews/media/media_files/fCvFDcE545PdunDsBdh0.png”,”title”:””,”desc”:””,”cta_link”:””,”cta_text”:””}]},”content_html”:””,”template”:”1″,”story_animation”:”fly-in-bottom”}
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