Highlights
Analyzing Mokobara’s Remarkable Expansion in FY24: A Complete Financial Review
As the fiscal year concluded in March 2024,Mokobara,with the support of Peak XV,showcased significant advancements by improving its operational efficiency. The Bengaluru-based luggage manufacturer achieved an impressive multiplier effect of 2.2 while making notable progress in reducing its financial losses during this period.
Recent filings with the Registrar of Companies (ROC) indicate that Mokobara’s operational revenue surged to ₹117.4 crore for FY24—an extraordinary increase from ₹53.3 crore reported in the previous fiscal year.
A Wide Range of Travel Products
Mokobara specializes in direct-to-consumer travel essentials,including:
- Wallets
- Travel bags
- Kits
- Sling bags
- A variety of accessories tailored specifically for travellers
The revenue generated from these offerings accounted for all of the company’s earnings throughout FY23.
additonally, Mokobara accrued an extra ₹1.6 crore through interest income, bringing its total earnings to an impressive ₹119.03 crore.
A Detailed Examination of Expenses
The company faced considerable expenses during this period:
- Total expenditures: Increased sharply from ₹61.9 crore in FY23 to approximately ₹123.3 crore in FY24.
- Material costs: doubled to around ₹57.28 crore, representing about 46.5% of total expenditures.
- Marketing budget: Increased by approximately 37.9%,totalling around ₹22.64 crore.
- Employee benefits: Surged dramatically by about 160%, amounting to around ₹13.02 crore.
Mokobara spent roughly one rupee for every rupee earned through operations during this fiscal year; EBITDA loss was targeted at -0.97%, while EBITDA margin stood at -0.92% on average throughout the year.
A Decline in Losses Alongside Key Financial Indicators
Mokobara successfully reduced its losses from ₹8 .21 crore in FY23 to roughly ₹4 .25 crore in FY24—an admirable achievement amidst rising costs and expanding operations; the company’s return on capital employed improved significantly over this period.
Status Update on Assets and Cash Flow Assessment
The firm’s current assets saw remarkable growth, reaching ₹182 crores in FY24, primarily driven by increased cash reserves which impressively climbed to approximately ₹11167 crores.
The Future Investment Climate and Competitive Landscape
Navigating Market Trends Effectively
investors are closely monitoring these developments but remain cautious regarding long-term potential within this mature sector; thus thier investment sizes reflect this hesitance.Mokobarapresents clear opportunities within direct-to-consumer channels that could solidifyits positionmoving forward.