Wow! Momo reportedly saw a strong 14% year-on-year growth in its revenue at INR 475 Cr in FY24 as compared to INR 416 Cr a year ago
Now, the company is eyeing a revenue target of INR 650 Cr in FY25, with plans to add 350 outlets within the next 18 months and launch its own food delivery app dubbed 'Wow! Eats'
Wow! Momo also plans to float an IPO in 2027, but that hinges on the company hitting the INR 1,000 Cr revenue mark
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Kolkata-based fast food chain Wow! Momo is reportedly looking to surpass the INR 600 Cr revenue mark in the financial year 2024-25 (FY25).
Wow! Momo saw a strong 14% year-on-year growth in its revenue at INR 475 Cr in FY24 as compared to INR 416 Cr a year ago, the Arc reported.
Now, the company is eyeing a revenue target of INR 650 Cr in FY25, CEO Sagar Daryani told the publication. This would imply a 37% increase from the fiscal year gone by.
In an effort to scale its business and boost its topline, Wow! Momo plans to add 350 outlets to its existing base of 650 within the next 18 months. Additionally, it would expand its frozen food business.
Wow! Momo is also reportedly planning to float an initial public offering (IPO) in 2027 — but its market debut would hinge on the company hitting the INR 1,000 Cr revenue mark.
Founded in 2008 by Binod Kumar Homagai, Sagar Daryani, and Shah Miftaur Rahman, Wow! Momo operates fast-food brands such as Wow! Chicken, Wow! Kulfi and Wow! China. It also sells a variety of frozen food via its FMCG vertical.
(The story will be updated soon)
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