Ashna Pathak’s Post

Despite challenges in the overall wearables market, Noise, the #Gurugram-based gadgets and wearables brand, maintained steady performance for FY24, with a slight revenue uptick of 0.4%. The company’s revenue from operations grew to ₹1,431 crore in FY24, up from ₹1,426 crore in the previous year, according to its filings with the Registrar of Companies. Key Revenue Streams Wearables remained the primary revenue driver, contributing 79.8% of the total income. Audio products accounted for 19.7% of revenue. Scrap, allied services, and interest income brought the overall revenue to ₹1,440 crore. Major Expenses The cost of procurement was the largest expenditure, making up 67.7% of the total costs, amounting to ₹989 crore. Employee benefits surged 53% to ₹78 crore, which included ₹6 crore in ESOP costs. Marketing and advertising expenses reached ₹286 crore. Additional costs, including warranty, freight, and legal expenses, pushed the total expenditure to ₹1,460 crore in FY24. Financial Performance Despite the flat revenue growth, increased costs led Noise to post a net loss of ₹20 crore in FY24, compared to a small profit in prior years. The company's ROCE stood at 5.36%, while its EBITDA margin was 0.83%. On a unit level, #Noise spent ₹1.02 to generate a rupee in revenue. Strategic Moves and Expansion Noise established a wholly-owned subsidiary, Noise Lab Co., in China to optimize its supply chain and manufacturing processes. It also formed a 50-50 joint venture with Stelltek Technologies. The company reported current assets of ₹773.26 crore, including ₹85.4 crore in cash and bank balances. Funding and Valuation In FY24, Noise secured its first strategic funding from global audio giant Bose Corporation, raising $10 million at a valuation of $460 million. This funding round is expected to bolster its product development and expand its market reach. Gaurav Khatri | Smeer | Aditya | Nikhil | Utsav | SHANTANU | AKSHAY | Hemant | Monish | Gaurav | Nimisha | Anubhav | Akash | Viswas | Rahoul | Shalini | Ayush |

#Deepdive: Aman Gupta’s boAt Lifestyle seems to be navigating really bad times 📛📛 The company is downsizing its highest growth unit, sort of re-treating from the market there. Meanwhile, its mainstay audio business is just not growing. Let’s cover this in detail. .. So, where does Boat get its sales from? -> About 20% from wearables (primarily smartwatches) -> Remaining 80% from the audio segment .. The problem with the wearables segment? The company has simply proven not fit for the segment. It is consistently losing market share, where the competition like Noise have come up with innovative products at much lower price points. As a result, the market has seen average selling prices crash by over half in the last two years, which is something that Boat has not been able to keep pace with. And thus, bleeding margins, it has decided to re-treat and focus all energies on the core audio devices business 📛📛 .. And what’s the problem there? The audio segment is just refusing to grow! As per a recent report from The Arc (from which this post is inspired), the company is aiming for a 15% sales growth in the segment, driven by a 15-20% growth in average selling prices in the next year. That means, practically, the company is expecting to sell even less number of devices. That’s practically ceding the market share 📛📛 .. So, the bigger problem for the company? It’s downsizing the only high-growth segment it operates in and is doubling down on a segment where it doesn’t even expect a big growth. And worse, it does not have any other growth segments beyond these too. So, what next for the brand? That’s the bigger concern. .. The silver lining though? Profits! With the loss-making wearables business being scaled down and audio segment set for a big jump in margins, profits may show up once again. And that is a much-needed deal for the company which had a history of growing profitably for years before plunging into losses in the last few years. And that will surely be a good win. .. Meanwhile, Boat's retreat from wearables opens up an opportunity for its competitors, such as Noise, to further solidify their market position. This could lead to a consolidation of the wearables market, with a few dominant players emerging. Thus, congratulations to them, right? What do you think? .. For multiple such insights daily, follow: 1> WhatsApp community (https://lnkd.in/gqftJs5D) 2> My newsletter (https://lnkd.in/gA5gSCjJ) Best, Jayant Tags: #Businesses #CaseStudy #News #Startups #Boat #SharkTank #AmanGupta

Noise, a leading wearables brand based in Gurugram, achieved Rs 1,431 crore in revenue for FY24, reflecting a stable 0.4% growth despite challenges in the wearable market. Wearables contributed 79.8% of revenue, while audio products added 19.7%. Increased costs, including a 53% rise in employee benefits and Rs 286 crore on marketing, led to a Rs 20 crore loss. The company maintained a positive EBITDA margin of 0.83% and strengthened its global footprint by incorporating a subsidiary in China and forming a joint venture with Stelltek Technologies. During FY24, Noise also raised $10 million from Bose, valuing the firm at $460 million. Market reports indicated a 10% drop in India's wearable shipments, with Noise's share declining by 13.9%. Despite this, Noise continues to focus on innovation and strategic growth. #Noise #Wearables #TechInnovation #EBITDA #StrategicGrowth #FundingNews #IndiaBusiness #WearableMarket #StartupNews #Startup77

🚀 Exciting news! Ahmed, the innovative mastermind behind WHOOP, has surpassed tech giants like Nike, Google, and Fitbit in the wearable tech industry. 🔮 My prediction? WHOOP will revolutionize how we approach fitness and health tracking technology. 💡 How did this disruptor surpass industry giants? Through relentless dedication to innovation and understanding consumer needs. 1. Ahmed's visionary approach focuses on personalized data and actionable insights, setting WHOOP apart from competitors. 2. Prioritizing user experience and evolving the product based on feedback has built a loyal customer base. 3. The emphasis on data accuracy gives WHOOP a competitive edge in the market. 4. With expanding reach and partnerships, WHOOP is set to lead in wearable tech advancements. 🌟 Let Ahmed's story inspire you to think outside the box, challenge the status quo, and strive for excellence. Embrace innovation and success will follow!

"As a manufacturer committed to pushing the boundaries of wearable technology, it's a game-changer for us. The durability and heat management offered by these batteries aligns perfectly with our goals of producing high-performance, reliable devices. The customizable shape is particularly valuable, as it allows us to optimize the internal design of our wearables, offering more innovative and user-friendly products. This flexibility not only enhances the aesthetic appeal of our devices but also improves overall efficiency. We’re excited to integrate these batteries into our next generation of wearables and confident that they will significantly enhance our product offerings. Grepow has once again demonstrated their leadership in battery technology, and we’re eager to leverage their advancements to deliver exceptional value to our customers." — Alex "As an avid user of advanced wearables, I’m thrilled to see Grepow’s new metal-cased shaped LiPo batteries hitting the market. My primary concerns with current wearables have always been battery life and device durability. With these new batteries, it looks like both of these issues are being addressed head-on. The metal casing promises a significant boost in durability, which means I can confidently wear my device in more demanding conditions without worrying about accidental damage. Plus, the improved thermal management means I won’t experience overheating during intense workouts. The ability to fit these batteries into more compact and uniquely designed devices is also exciting. Overall, I’m looking forward to seeing how these advancements translate into even better, more reliable wearable experiences." — J L #WearableTech #BatteryInnovation #GrepowBatteries #TechAdvancements #LiPoBatteries #MetalCasedBatteries #SmartWearables #TechTrends2024 #DurableTech #WearableDevices #BatteryTech #FutureOfWearables #CuttingEdgeTech #TechInnovation #PoweringWearables

Before Apple released #visionpro, we had an insightful session at #EFY2021 with young leading #wearable #innovators. It was an absolute pleasure to discuss with Aashish Kumbhat, Abhishek Satish, Amit Khatri, Nikhil Bhaskaran -ARM Innovator and Pratik Saraogi. Few #takeaways on #designthinking for wearables from the above experts were: 1. Be #costeffective while developing products 2. #Competitiveanalysis for decision making 3. Be critical on consumer feedback to identify #designconstraints and tune OS and hardware for better features 4. Serve underserved needs - #Greyareas left out 5. Considering larger market be #creative to focus beyond design thinking 6. Design for #massmanufacturing Thank you #EFY again and the young innovative panelists #ElectronicsForYou #productmanagement

Brand loyalty is everything in the Connected Devices space. The right consumer may be interested in wearables, voice assistants, and home security with unified functions. But with stiff competition coming from every angle, an organization risks losing a customer for life if they aren't committed #innovation or don't have the right platform. In the race to provide the best ecosystem of experiences, the ultimate goal is to create hyper-personalized products that win hearts and disrupt the market. The biggest challenge? To uncover emerging trends and create products that stand the test of time in cost, function, and #userexperience. Let's learn more together https://bit.ly/3AgdGlg

At Scandit we believe there is immense transformative potential for wearables in the enterprise, and so I couldn’t be more excited about the recent launch of Apple Vision Pro and the opportunities it brings for retailers and logistics companies! The combination of Apple Vision Pro, #SmartDataCapture and #AugmentedReality will enable a fully immersive and hands-free environment, which can revolutionize tedious #retail and #logistics workflows. Just imagine: a retail employee finding the items that need to be picked, identifying old or expired stock, counting inventory and accessing product information for an endless aisle — way quicker and more intuitively thanks to Apple’s user-centered design in combination with Scandit’s unique smart data capture capabilities. At Scandit, we’ve been exploring the use of wearables in the enterprise over the past ten years, but this launch marks the start of a new era. We can’t wait to collaborate with our customers to build new experiences in enterprise AR, it’ll be a game changer in how we work.

Discover how Pine Labs’ comprehensive product engagements transform client partnerships and drive exceptional value for end users. Watch this video to see the impact of our solutions in action. #Pinelabs #CustomerSuccess #Innovation #Partnerships #ValueCreation

"📝 Samsung's OLED Screen Innovation Shines Bright 💡🔥 Samsung's Wearable OLED Screens and the Power of Tech Innovation 🌟 Breakthrough OLED Screens: Samsung's OLED screens, designed for wearables, are setting a new standard in screen technology, showcasing impressive flexibility and performance. 🧠 Think Beyond Limits: Innovation knows no bounds, as technology continues to break barriers. The only limit is your imagination, and thinking differently is key to success. 🌐 Blend Knowledge with Tech: In 2024, relying solely on existing knowledge won't cut it. The real magic happens when you combine your expertise with the power of new technology. 🚀 Stay Ahead of the Curve: It's wiser to be at the forefront of technological advancements than to lag behind. Embracing innovation is crucial to remaining relevant in a rapidly evolving world. 🌟 Wildclub Access: Explore digital business before it dominates your industry. Wildclub offers access to essential skills and knowledge, ensuring you stay competitive. 🤖 Adapt to Tech Changes: The rapid pace of technological evolution requires constant adaptation. Anticipate and adopt changes to avoid being left in the dust. This post highlights Samsung's impressive OLED screen technology for wearables, emphasizes the importance of innovation, and encourages staying ahead in the tech race." 🌟 Track the Trend: Stay ahead of the curve and explore the possibilities, follow me on Linkedin.com/in/psmahesh ⛷❄🏂🌄 "Credits: 🌟 All rights and credits for the content presented are reserved for their respective owners. 📚 For attribution or content removal requests, please contact me. 📩 Only used for Academic Learning/Sharing good work purpose, giving due credit to respective owner 📚 Thank you, and God bless. 🙏"