Faasos parent Rebel Foods posts 75% rise in FY19 losses

Rebel Foods, whose brands include Faasos and Oven Story, has posted a 75.5% rise in its 2018-19 losses to ₹130.6 crore from ₹74.4 crore in the previous financial year. As per regulatory filings, the firm's revenue has more than doubled to nearly ₹310 crore during the period. Its total expenses also grew twofold to around ₹441 crore in 2018-19.