Wearables brand Noise posts loss in FY24, revenue growth flat amid slump in sector

Wearables maker Noise posted a net loss in FY24 from a net profit a year before, weighed down by higher costs and muted revenue growth.

The Gurugram-based company reported a net loss of Rs 20 crore in the year ended March, compared to net profit of Rs 88 lakh in FY23, showed financial data sourced from data intelligence platform Tofler.

Operating revenue remained largely unchanged at Rs 1,430 crore compared to Rs 1,426 crore in FY23.