Paper Boat reported a 16% year-on-year growth in its FY24 financials, achieving a revenue of ₹585 crore compared to ₹504 crore in FY23. The company also significantly reduced its net losses by 48%, bringing the figure down to ₹47 crore from ₹90.5 crore in the previous fiscal year. In the beverage sector, Third Wave Coffee experienced a 67% rise in FY24 revenue but reported a doubling of its losses. The company incurred ₹97 crore in employee benefits and ₹88 crore in material costs. Ferns N Petals crossed ₹700 crore in revenue for FY24, marking a 16% growth after a flat FY23, while also narrowing its losses by 78%. Additionally, PharmEasy reported a revenue of ₹5,664 crore in FY24, reflecting a 15% decline year-on-year, but improved its net loss to ₹2,533 crore from ₹5,212 crore in FY23. The overall beverage market showed promising trends, with Coca-Cola's carbonated soft drink volume increasing by 2.4% and Keurig Dr Pepper's volume up by 5% over four weeks through November 2, according to NielsenIQ data.