Winni Cakes & More, a company based in Panchkula, has revealed its remarkable performance in the financial year 2022-23. According to their recent press release, they achieved an impressive year-on-year growth of 74% in gross merchandise value (GMV). The company’s expansion efforts were also noteworthy, as they successfully opened 125 new stores in tier-2 and tier-3 cities throughout the year. As a result, their GMV for FY 2022-2023 reached an impressive figure of INR 335 crore, a substantial increase from the previous year’s INR 192 crore in FY 2021-22.
During FY 2020-21, the company operated 92 stores, which experienced a substantial increase to 177 stores in FY 2021-22. At present, the company’s retail footprint has expanded even further, with over 300 stores located across 25 states and five union territories.
Sujeet Kumar Mishra, Co-Founder and Chief Executive Officer, Winni & Winni Cakes & More, said, “Now, we have 300+ operational stores in almost 168 cities of India, and we are emerging as ‘the best quality neighbourhood bakery’ in the mass premium brand segment which has a wide range of quality product offerings that used to be available only in metros & tier-1 cities.”
“Our YoY growth speaks a lot about our increasing popularity. I am truly happy that Winni Cakes & More is not just filling the gaps in the supply chain, but we have also given employment opportunities to 2000+ families through our outlet stores,” Mishra added.
Winni Cakes & More, situated in Panchkula, is the bakery retail branch of Winni, an online gifting platform. As per the latest announcement, Winni has an extensive network of more than 3,000 vendors spanning across over 700 cities. Additionally, it operates over 300 franchises with delivery capacity in more than 40 countries, which includes the United States, the Middle East, and South East Asia.
