While revenue grew 16 % YoY from ₹1,668.9 crore in Q4 FY24, it fell 11 % sequentially from ₹2,172.3 crore in the previous quarter. The company attributed the weaker March‑quarter performance to a temporary decline in offline sales. Gross merchandise value (GMV) from offline channels increased slightly to ₹466.9 crore in Q4 FY25, up from ₹443 crore a year earlier, reflecting cautious consumer sentiment in physical retail.
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