Greater Than gin maker Nao Spirits’ losses double in FY25

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NAO Spirits, the maker of Greater Than and Hapusa gins, saw its momentum reverse in FY25. After posting 2.45X revenue growth in FY24, its revenue dipped by over 25% in FY25, while its losses also doubled during the year.

Nao Spirits’ gross revenue declined by 25.6% to Rs 60.46 crore in FY25 from Rs 81.26 crore in FY24, its consolidated annual financial statements sourced from the Registrar of Companies (RoC) shows.

Nao financial-01

Founded in 2015 by Anand Virmani, Abhinav Rajput, Aparajita Ninan, and Vaibhav Singh, Nao Spirits is an India-based craft distillery known…



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Greater Than gin maker Nao Spirits’ losses double in FY25


NAO Spirits, the maker of Greater Than and Hapusa gins, saw its momentum reverse in FY25. After posting 2.45X revenue growth in FY24, its revenue dipped by over 25% in FY25, while its losses also doubled during the year.

Nao Spirits’ gross revenue declined by 25.6% to Rs 60.46 crore in FY25 from Rs 81.26 crore in FY24, its consolidated annual financial statements sourced from the Registrar of Companies (RoC) shows.

Nao financial-01

Founded in 2015 by Anand Virmani, Abhinav Rajput, Aparajita Ninan, and Vaibhav Singh, Nao Spirits is an India-based craft distillery known…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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