Noise expects revenue to double in the current fiscal year.
Noise expects revenue to double in the current fiscal year: Noise, a developer of hearing aids and wearable technology, said on Friday that it expects its fiscal year 2019 sales to more than quadruple to Rs. 2,000 crore.
According to Noise co-founder Gaurav Khatri, the business brought in more than 850 crore rupees during the fiscal year 2021. We ended the last fiscal year with more than Rs. 850 crore and we expect to reach the Rs. 2,000 crore milestone this fiscal year, the speaker remarked.
The business has expanded its range of products and entered the market for intelligent eyewear.
The business introduced the Noise i1 eyewear early this week, priced at Rs. 5,999 per pair, with multi-functional touch controls that let users answer and decline calls, control music, and activate the voice assistant.
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Noise expects revenue to double in the current fiscal year
“The invention from “Noise Labs” has released as a product that creates a category instead of one that targets sales. Instead, we focus on the market potential for those who wear glasses and sunglasses, and even a little market share in this market sector would be essential for us, “said Khatri.
He claimed that the business has seen a compound annual growth rate of 240 percent and anticipates that this will continue throughout the fiscal year.
The Noise ColorFit Vision 2 smartwatch was also introduced in India, according to Noise. It is the smartwatch that replaces the Noise ColorFit Vision.
A 1.78-inch AMOLED touchscreen with a 368 × 448 pixel resolution include on the Noise ColorFit Vision 2 wristwatch. In addition, the Always-on Display functionality is also available on the smartwatch.
It has a rechargeable battery and has a battery life of up to seven days. A 24/7 heart rate sensor and more than 40 sports modes are additional features of the ColorFit Vision 2 smartwatch.
The Noise ColorFit Vision 2 smartwatch has been available from June 24 in India for an introductory price of Rs. 2,999. The wristwatch has been listed with an MRP of Rs. 6,999 on the websites of Noise and Flipkart, two online retailers.