Fonebox Retail Limited is an India-based multi-brand retailer that is selling smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax. The Company is also engaged in a multi-brand retail selling of consumer durable electronics goods like laptops, washing machines, smart televisions, air conditioners, fridges, and others from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, OnePlus. Its business model includes sale through owned stores (COCO Model) and sale through franchise branch stores (FOCO Model). Under COCO Model, the Company sells mobile handsets, mobile accessories and other consumer durable home appliances through its owned stores. Under FOCO model, it gives its brand name to the franchise at a pre-agreed franchise fee for a period of one to five years. It gives its brand name Fonebox, Fonebook, or My Mobile to the franchise and the store is operated by the franchise owner.
FONEBOX RETAIL LIMITED Financial Highlights
- Revenue: FONEBOX RETAIL LIMITED reported revenue of ₹196.26 crore in FY23 vs ₹90.93 crore in FY22. It showed an increase of 115.84% on a yearly basis.
- Operating Profit: FONEBOX RETAIL LIMITED reported an operating profit of ₹2.20 crore in FY23 vs ₹0.19 crore in FY22. It showed an increase of 1,057.89% on a year-on-year basis.
- Net Profit: FONEBOX RETAIL LIMITED reported a net profit of ₹1.60 crore in FY23 vs ₹0.13 crore in FY22. It showed an increase of 1,130.77% on a yearly basis.