Pepperfry sees low topline growth in FY24

Pepperfry, an omnichannel furniture retailer, has reported lower revenues and losses for the financial year 2024. The company faced challenges in managing operational costs and increasing competition in the online retail space. Despite its large offline presence and strong brand recognition, Pepperfry is grappling with maintaining profitability as it focuses on growth strategies. The company is expected to pivot and adapt its business model to counteract the revenue dip, focusing on optimizing its supply chain and customer acquisition strategies for future sustainability.