Livpure, a prominent player in India’s home and living consumer product sector, has reported impressive financial results for the third quarter of the fiscal year 2023-24. The company achieved a remarkable 77 percent quarter-over-quarter revenue growth in its Water-as-a-Service (WAAS) category, reaffirming its pioneering role in the water subscription segment.
Throughout the quarter, the company’s range of products demonstrated substantial growth across multiple segments. Specifically, the water purifier category recorded a notable 61 percent increase, while the air cooler and sleep categories experienced impressive growth rates of 171 percent and 91 percent, respectively. This robust performance highlights Livpure’s ongoing commitment to innovation and its mission to deliver high-quality products that address the varied needs of consumers.
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The growth trajectory traversed all sales channels, showcasing significant increases. Notably, general trade witnessed a robust 52 percent growth, while e-commerce experienced an astonishing surge of 336 percent. Modern trade and exports similarly enjoyed substantial growth, with increases of 181 percent and 289 percent, respectively. These figures highlight Livpure’s strategic expansion endeavors and its proficiency in connecting with consumers through diverse avenues.
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Rakesh Kaul, MD of Livpure said, “We are delighted with the remarkable growth achieved in the third quarter, particularly in our flagship Water-as-a-Service category. Our achievement is a result of our steadfast commitment to innovation, quality, and customer satisfaction. We remain dedicated to providing cutting-edge solutions that enhance the well-being of our customers and contribute to a healthier and more sustainable future.”
Among the notable highlights of the quarter was Livpure’s first export of air coolers to Nepal, benefiting over 6 million satisfied consumers to date. Additionally, the successful introduction of new products, including Hydroboost, new air cooler models, and the integrated UTC-Stealth, greatly bolstered the company’s growth. Furthermore, Livpure expanded its retail presence by forging partnerships with renowned chains such as Aditya Vision, Maharashtra Elect, Surya Electronics, Reliance Digital, and JioMart.
With its innovative product lineup, expanding distribution network, and unwavering commitment to customer satisfaction, Livpure continues to reinforce its position as a leader in the home appliance industry. The company remains dedicated to driving sustainable growth and establishing new benchmarks for excellence in the retail sector.
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