Direct seller Amway India Enterprises has reported widening of net loss to Rs 52.78 crore, while revenue from operations, stood at Rs 1,283.75 crore in FY'24.
Its total income, which includes other income, was marginally up 0.7 per cent to Rs 1,293.97 crore for the financial year ended March 31, 2024, according to the RoC filing by the company.
Amway India had reported a net loss of Rs 21.72 crore and revenue from operations was at Rs 1,278.69 crore a year before, for the financial year ended March 31, 2023, according to financial data accessed through the business intelligence platform Tofler.
The 'advertising promotional expenses' in FY'24 were down 25.5 per cent to Rs 61.03 crore, as against Rs 81.93 crore a year ago.
However, the royalty paid to its US-based parent firm was up 4.06 per cent to Rs 65.74 crore in FY'24. This 'cost royalty' was at Rs 63.17 for the financial year ended on March 31, 2023.
Amway India Enterprises is a wholly-owned subsidiary of Ada, Michigan, US-bas