Bengaluru-headquartered jewellery brand GIVA reported a striking top-line performance in fiscal 2025 even as losses widened—highlighting the trade-off between aggressive scaling and near-term profitability for fast-growing D2C brands.
For the year ended March 2025, GIVA’s revenue from operations surged roughly 89% year-on-year to about ₹518 crore, up from around ₹274 crore a year earlier. At the same time, the company’s net loss widened to ₹72 crore—an increase of about 22–23% versus FY24—driven largely by higher material and operating costs as the firm pushed into new product categories and offline storefronts.
Company executives framed the numbers as the result of a deliberate playbook:
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