boAt plans offline push in tier 2-3 cities, global expansion to aid growth, says CFO Rakesh Thakur

boAt lifestyle is eyeing expansion into new markets to support its next leg of growth after seeing some sluggish topline growth in the last two years. In FY24 the company’s revenue declined 5% to ₹3,121.6 crore, while narrowing its losses from ₹101 crore in FY23 to ₹53.5 crore in FY24.

To conquer the revenue slump and return on the path to profitability, boAt plans to double down on its profitable and high growth segments while opening new avenues for its revenues.