Pilgrim reports four-fold jump in revenues in FY23 but losses soar

In the fiscal year 2022-23, Pilgrim, a direct-to-consumer personal care brand, reported a significant increase in operating revenue, soaring to Rs 76.46 crore from Rs 16.89 crore in FY22. However, the net loss more than tripled to Rs 23.06 crore due to higher expenses, reaching Rs 99.95 crore in FY23, notably from increased marketing expenses.