Consumer product company Livpure has announced impressive financial results for the third quarter of the fiscal year 2023-24, achieving a remarkable 77% quarter-over-quarter revenue growth in its Water-as-a-Service (WAAS) category.
From the company’s diverse product portfolio, the water purifier category witnessed a substantial 61% growth, while the air cooler and sleep categories saw impressive increases of 171% and 91%, respectively. The growth trajectory extended across all sales channels; general trade witnessed a solid 52% growth, while e-commerce experienced an astounding 336% surge. Modern trade and exports also saw substantial growth, with increases of 181% and 289% respectively.
Speaking about these developments, 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-ever export of air coolers to Nepal, serving over 6 million consumers till date. The successful launch of new products and the strategic expansion of its retail footprint through partnerships with renowned chains such as Aditya Vision, Maharashtra Elect, Surya Electronics, Reliance Digital, and JioMart have also contributed to these results.
With its innovative product offerings, expanding distribution network, and customer-centric approach, Livpure continues to consolidate its position as a leader in the home appliance industry. The company remains focused on driving sustainable growth and establishing new benchmarks for excellence in the retail sector.
