MAM
Affle reports robust performance for Q2 & H1 FY2024
Mumbai: Affle (India) Ltd, a consumer intelligence driven global technology company, has announced results for the second quarter and half-year ended 30 September 2023.
Q2 FY2024 Highlights (y-o-y):
Revenue from Operations of Rs. 431.3 crore, an increase of 21.6% y-o-y
EBITDA at Rs. 87.2 crore, an increase of 20.6% y-o-y
PAT at Rs. 66.8 crore, an increase of 13.8% y-o-y
H1 FY2024 Highlights (y-o-y):
Revenue from Operations of Rs. 837.9 crore, an increase of 19.3% y-o-y
EBITDA at Rs. 165.3 crore, an increase of 17.3% y-o-y
PAT at Rs. 133.0 crore, an increase of 17.4% y-o-y
Affle reported a robust performance for Q2 FY2024 with a consolidated revenue from operations of Rs 431.3 crore, an increase of 21.6% y-o-y from revenue of Rs 354.6 crore in Q2 last year. EBITDA stood at Rs 87.2 crore, an increase of 20.6% y-o-y. EBITDA margin was at 20.2% in Q2 FY2024. PAT increased by 13.8% y-o-y to Rs. 66.8 crore from Rs. 58.7 crore in Q2 last year. This growth was broad-based coming from both CPCU business and non-CPCU business, across India & International markets.
For H1 FY2024, consolidated revenue from operations stood at Rs 837.9 crore, an increase of 19.3% y o-y. EBITDA was at Rs 165.3 crore, an increase of 17.3% y-o-y and EBITDA margin stood at 19.7%. PAT increased by 17.4% y-o-y to Rs 133.0 crores.
The CPCU business noted strong momentum delivering 7.2 crore converted users in Q2 FY2024, an increase of 11.4% y-o-y and taking the total converted users delivered in H1 FY2024 to 14.1 crore. The CPCU Revenue stood at Rs 400.6 crore in Q2 FY2024, an increase of 21.6% y-o-y. The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on the CPCU business model.
Commenting on the results, Affle CEO & MD Anuj Khanna Sohum said, “Affle’s growth has been broad-based coming from both existing and new customers, across India & global emerging markets which continue to perform well despite the tough macro-economic conditions globally. The resilient nature of our business helped us achieve highest quarterly revenue run rate, highest EBITDA, consumer conversions and CPCU rate in Q2 FY2024.
Our consistent growth trajectory is well supported by greater consumer adoption of connected devices, unique ROI-linked CPCU business model, relentless focus on R&D and strong operational execution focused on 4Ps – People, Platforms, Productivity and Profitability.
We continue to augment our business by strengthening our technological edge and investing in developing innovative solutions for our customers globally. As a testament, we recently released GenAI-powered multilingual capabilities on iOS Appstore that makes us early forerunners on advanced use cases on the OEM ecosystem, aligned to our Affle2.0 growth strategy.
Looking forward, we remain focused on fortifying our ecosystem-level partnerships with deeper strategic realignment and are investing to further expand our tech IP, product propositions and our on-ground presence across geographies to drive sustainable growth for all our stakeholders.”
Brands
Alpino crosses Rs 100 crore revenue, clocks rapid growth in health foods
Shilpa Shetty-backed brand scales 5X in two years on wellness demand
MUMBAI: Alpino has crossed the Rs 100 crore annual revenue mark, underscoring its rapid rise in India’s fast-expanding nutrition and wellness market.
The Surat-based brand has recorded 2.5X year-on-year growth and a fivefold jump over the past two years, scaling from Rs 20 crore in FY24 to Rs 100 crore in FY26. The performance reflects a broader shift in consumer preferences towards healthier, high-protein and clean-label food options.
Founded with a focus on making nutritious food accessible, Alpino has built its presence across digital-first channels, including e-commerce and quick commerce, alongside a growing footprint in modern retail. The company credits its growth to a mix of product innovation, affordability and a steady expansion of its portfolio.
The brand has also benefited from the backing of Shilpa Shetty, whose association has strengthened its positioning in the health and wellness space. Her emphasis on balanced living aligns closely with Alpino’s promise of wholesome, everyday nutrition.
A spokesperson for Alpino said the milestone reflects growing consumer trust. “Crossing Rs 100 crore in revenue is not just a number for us, it reflects the trust consumers have placed in our products,” the spokesperson noted, adding that the company remains focused on innovation and expanding reach.
Looking ahead, Alpino plans to deepen its distribution network, introduce new product lines and continue investing in supply chain and consumer engagement. The company has set an ambitious target of reaching Rs 500 crore in revenue over the next two years.
As awareness around health and fitness continues to grow in India, Alpino’s sharp trajectory suggests that the appetite for better-for-you foods is only getting stronger.
