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Infra.Market reports over $2 Bn gross revenue in FY25; profit falls 42%

EntrackrEntrackr · 1m ago
Infra.Market reports over $2 Bn gross revenue in FY25; profit falls 42%
Medial

Building materials unicorn Infra.Market reported a 27% year-on-year rise in gross revenue in FY25, but its profit fell 42% during the period. Infra.Market, which has confidentially filed its IPO papers to raise Rs 5,000 crore, delivered another strong top-line performance with 27% year-on-year increase in its gross revenue in FY25. Despite the decent growth, its bottom line declined by 42% in the same period. Infra.Market’s gross revenue grew 27% to Rs 18,472 crore ($2.1 billion) during FY25, compared to Rs 14,530 crore in FY24, as per its consolidated financial statements with the Registrar of Companies (RoC). Infra.Market operates across three core verticals: Structural products, finishing products, and lifestyle products, along with allied services linked to product sales. Structural products, which include concrete and other construction materials, remained the company’s largest revenue driver, contributing over 60% of the total revenue and clocking Rs 11,176 crore in FY25. The finishing products vertical, comprising plumbing, walling and roofing solutions as well as plywood and laminates, reported revenue of Rs 1,924 crore during the year. The lifestyle products segment, which includes modular kitchens, consumer appliances, paints and other related offerings, generated Rs 2,487 crore in FY25. Beyond product sales, Infra.Market is also engaged in construction services for infrastructure projects, equipment rental, and exterior painting services. Revenue from the sale of construction equipment, spare parts, chemicals, and these allied services added another Rs 2,884 crore in the previous fiscal. The company also booked a non-operating revenue of Rs 84 crore which drove its total income to Rs 18,556 crore during the last fiscal year, compared to Rs 213 crore non-operating income in FY24. On the expense side, the cost of procurement of construction material and equipment formed 75% of the total expenditure, amounting to Rs 13,751 crore in FY25. Its employee benefit expenses surged 41% to Rs 564 crore in the period, which includes Rs 40 crore worth of ESOP cost. The company’s finance cost and freight and forwarding expenses rose 45% and 47% to Rs 805 crore and Rs 631 crore, respectively. Other overheads, including power & fuel, legal & professional, traveling expenses, impairment loss on financial assets, drove the total expenses to Rs 18,250 crore in FY25, compared to Rs 14,272 crore in FY24. While the company’s revenue and overall expenses grew at a similar pace in the last fiscal year, a 60% decline in non-operating income and a rise in overhead costs, including finance and depreciation expenses, dragged profit down 42% to Rs 220 crore in FY25 from Rs 378 crore in FY24. Coming to ratios, the EBITDA margin improved to 7.97%, while ROCE stood at 12.11% in FY25. The expense-to-operating-revenue ratio (unit economics) of the Mumbai-based company remained flat at Rs 0.99. The firm operates in a competitive space alongside OfBusiness, Zetwerk, and Moglix. Zetwerk reported revenue of Rs 12,798 crore in FY25, while the other two are yet to disclose their FY25 numbers. In FY24, OfBusiness recorded a gross revenue of Rs 19,296 crore, while Moglix posted Rs 4,964 crore.

Infra.Market pledges assets and promoter shares to raise Rs 1,250 Cr debt

EntrackrEntrackr · 1d ago
Infra.Market pledges assets and promoter shares to raise Rs 1,250 Cr debt
Medial

Infra.Market pledges assets and promoter shares to raise Rs 1,250 Cr debt Infra.Market is set to raise Rs 1,250 crore in debt, offering company assets and stakes held by the company’s promoters as collateral. The company has issued 125,000 non-convertible debentures at a face value of Rs 1,00,000 each via private placement to raise Rs 1,250 crore. The company raised Rs 700 crore from Singapore-based private credit platform Ascertis Credit, issuing 70,000 non-convertible debentures at a face value of Rs 1,00,000 each. Assets and promoter shares held by CEO Souvik Pulakesh Sengupta and COO Aaditya Gajendra Sharda, along with shares of group companies including RDC Concrete India Limited and subsidiaries Neptune Readymix Concrete Private Limited and Robo Quarries Private Limited, are being pledged. Infra.Market last raised $83 million in a Series G round led by Silverline Homes, with participation from Tiger Global, Accel, Nexus Ventures, NK Squared, and Evolvence India, in September 2025. In January 2026, the company secured approval from SEBI to proceed with its IPO. Its gross revenue rose 27% to Rs 18,472 crore in FY25, while its profit fell nearly 42% to Rs 220 crore during the year.

Infra.Market and Purple Style Labs secure SEBI nod for IPO

EntrackrEntrackr · 1m ago
Infra.Market and Purple Style Labs secure SEBI nod for IPO
Medial

Infra.Market and Purple Style Labs secure SEBI nod for IPO Building materials unicorn Infra.Market and Purple Style Labs (PSL) have received approval from the Securities and Exchange Board of India (SEBI) to launch their IPOs, as per observations issued by the market regulator. The approvals came nearly three months after Infra.Market filed a confidential Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 5,000 crore through an initial public offering (IPO). The proposed issue is expected to include a near-equal mix of fresh equity shares and an offer for sale (OFS) by existing investors. The company last raised $83 million in a Series G round led by Silverline Homes, with participation from Tiger Global, Accel, Nexus Ventures, NK Squared, and Evolvence India, in September 2025. On the financial front, Infra.Market’s gross revenue rose 27% to Rs 18,472 crore ($2.1 billion) in FY25, while its profit fell nearly 42% to Rs 220 crore during the year. Meanwhile, in September 2025, Purple Style Labs (PSL), the parent of luxury fashion platform Pernia’s Pop-Up Shop (PPUS), filed draft papers with SEBI to raise Rs 660 crore through an IPO. As per the DRHP, the issue will be entirely a fresh issue of equity shares. PSL plans to use the IPO proceeds to invest in its wholly owned subsidiary PSL Retail for lease obligations tied to experience centres and back-end offices, with a portion also allocated to sales and marketing and other general corporate purposes. PSL reported a modest decline in operating revenue to Rs 490 crore in FY25, from Rs 504 crore in FY24. However, its losses widened nearly 4X to Rs 188.5 crore during the same period, largely on account of ESOP expenses of Rs 122.7 crore. In the last two months, SEBI has approved IPO proposals from multiple new-age firms such as digital payments major PhonePe, digital lender Kissht, insurtech player Turtlemint, logistics solutions company LEAP India, and Molbio Diagnostics.

Nykaa posts Rs 2,873 Cr revenue in Q3 FY26; profit jumps 2.5X

EntrackrEntrackr · 21d ago
Nykaa posts Rs 2,873 Cr revenue in Q3 FY26; profit jumps 2.5X
Medial

Nykaa posts Rs 2,873 Cr revenue in Q3 FY26; profit jumps 2.5X Online beauty and fashion platform Nykaa reported strong growth in Q3 FY26. Revenue from operations rose 27% year on year, while profit jumped 2.5X in the quarter ended December 2025. According to its financial statements sourced from the National Stock Exchange (NSE), Nykaa's revenue from operations grew to Rs 2,873 crore in Q3 FY26, compared to Rs 2,267 crore in Q3 FY25. For the nine-month period, Nykaa’s operating revenue increased 25% to Rs 7,374 crore from Rs 5,888 crore, a year earlier. The beauty segment accounted for 91% of the total revenue at Rs 2,622 crore, while the fashion segment contributed 8% of the operating income in Q3 FY25. For the Falguni Nayar-led firm, the cost of materials constituted 57% of its total expenditure, rising to Rs 1,576 crore in Q3 FY26. Additional spending on employee benefits, finance, marketing, technology, and other overheads brought the company’s total costs to Rs 2,753 crore during the quarter. Steady growth in its scale helped Nykaa achieve a 2.5X increase in profit to Rs 68 crore in Q3 FY26, compared to Rs 27 crore in Q3 FY25. On a sequential basis, the company’s profit increased 101% from Rs 33 crore in Q2 FY26. At the close of today's trading session, Nykaa's stock was priced at Rs 261.5, giving the firm a market cap of Rs 74,844 crore (approximately $8 billion). Nykaa’s Q3 FY26 results show steady revenue growth and improving profitability. Higher scale helped absorb costs better, leading to a sharp rise in profit both year-on-year and sequentially. The continued dominance of the beauty segment provides stability to the business, while margins appear to be strengthening as the company grows. Overall, the numbers point to better operating efficiency as Nykaa expands.

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%

EntrackrEntrackr · 9m ago
Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6%
Medial

Delhivery reports Rs 70 Cr profit in Q4 FY25; revenue jumps 6% Logistics company Delhivery announced its Q4 FY25 results on Friday, reporting a 6% year-on-year increase in revenue. The Gurugram-based firm also reported a profit of Rs 72 crore during the same period. Delhivery’s revenue from operations grew to Rs 2,191 crore in Q4 FY25, according to its financial statements filed with the National Stock Exchange (NSE). For the full fiscal year (FY25), Delhivery’s operating revenue increased 10% to Rs 8,932 crore in FY25 from Rs 8,141 crore in FY24. Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 112 crore from non-operating activities, bringing its total revenue to Rs 2,303 crore in Q4 FY25. Meanwhile, for the full fiscal year, total income reached Rs 9,372 crore. For Delhivery, freight handling and servicing costs made up 70% of its total expenditure, rising by 3% to Rs 1,566 crore in Q4 FY25. Employee benefit expenses decreased by 6% to Rs 337 crore. Legal, depreciation, and other overhead costs contributed to a minor decrease in overall expenditure, which reached Rs 2,249 crore during the quarter. For the full financial year ending March 2025, the firm’s total expenses rose to Rs 9,217 crore as against Rs 8,825 crore in FY24. Delhivery's continued growth and controlled expenditure resulted in a profit of Rs 72 crore in Q4 FY25, compared to a loss of Rs 68 crore in Q4 FY24. On a fiscal basis, it turned profitable and reported a net profit of Rs 162 crore in FY25 as compared to a loss of Rs 249 crore in FY24. At the close of today’s trading session, Delhivery’s share price stood at Rs 321 per share, giving the company a market capitalization of Rs 23,957 crore.

AvenuesAI revenue jumps 2.2X to Rs 2,381 Cr in Q3 FY26

EntrackrEntrackr · 13d ago
AvenuesAI revenue jumps 2.2X to Rs 2,381 Cr in Q3 FY26
Medial

Digital payments company AvenuesAI reported strong growth for the quarter ending December 2025. The Ahmedabad-based firm’s revenue rose 122% year-on-year, nearing the Rs 2,000 crore threshold, while its profit grew 25% during the same period. AvenuesAI’s gross revenue rose 2.2X to Rs 2,381 crore in Q3 FY26 from Rs 1,070 crore in Q3 FY25, according to its consolidated financial statements filed with the National Stock Exchange (NSE). AvenuesAI operates a dual-segment business model, spanning a payments and credit infrastructure arm and an enterprise e-commerce platform offering software, advertising, and infrastructure-rental services. The company's payment business contributed 97.5% of its total collections, which jumped 130% to Rs 2,323 crore in Q3 FY26. However, its e-commerce platform business saw a 3.33% decline, reaching Rs 58 crore. The firm reported other income of Rs 16 crore, taking its total revenue to Rs 2,397 crore. On the cost front, its total expenses surged 128% to Rs 2,307 crore in Q3 FY26 from 1,013 crore in Q3 FY25. The company booked Rs 2,233 crore under its operating expense, which rose 140X from Rs 930 crore in Q3 FY25. Employee benefit expenses, however, fell 32% to Rs 27 crore, and depreciation cost also decreased 3% to Rs 19 crore. AvenuesAI’s profit rose 25% to Rs 80 crore in Q3 FY26 from Rs 64 crore in Q3 FY25. For the nine months ending December 2025, the company’s profit increased 14% to Rs 206 crore from Rs 181 crore, a year earlier. During the quarter, the firm approved a proposal to change its corporate name to AvenuesAI Limited, as part of its rebranding exercise. At the close of today’s trading session, Avenues AI’s share price stood at Rs 18.80 per share, giving the company a market capitalization of Rs 6,537 crore ($721 million).

BellaVita’s revenue jumps 2.5X to Rs 456 Cr in FY25, turns profitable

EntrackrEntrackr · 1m ago
BellaVita’s revenue jumps 2.5X to Rs 456 Cr in FY25, turns profitable
Medial

BellaVita, a Gurugram-based beauty and personal care brand, reported a profit of Rs 25 crore in the fiscal year ended March 2025, a sharp turnaround from a loss in FY24. The improvement came amid strong revenue growth and better cost efficiency. BellaVita’s operating revenue surged 2.5x to Rs 456 crore in FY25 from Rs 184 crore in FY24, as per its financial statements sourced from the Registrar of Companies (RoC). The company derives its revenue primarily from sales of fragrances, skincare, and personal care products across online marketplaces and its own channels. Revenue from the sale of these products was the sole source of revenue for the company. For the perfume-dominated brand, the cost of materials remained the largest cost component, accounting for 39% of the total expenditure. This cost surged 2.7x to Rs 171 crore in FY25 from Rs 64 crore in FY24. Advertising expenses formed 21% of the cost and rose by 37% to Rs 90 crore. Commission expenses surged to Rs 64 crore, while shipping costs stood at Rs 42 crore. Employee benefits accounted for Rs 42 crore and other overheads added Rs 28.5 crore to the expense sheet during the fiscal. Overall, BellaVita’s total expenses grew 92% to Rs 437.5 crore during FY25 from Rs 228 crore in FY24. With the company’s revenue outpacing expense growth, it turned profitable and posted a profit of Rs 25 crore, against a loss of Rs 40 crore in FY24. Its EBITDA margin stood at 4.61% in the same period. On a unit level, BellaVita spent Rs 0.96 to earn a rupee of operating revenue in FY25, improving from Rs 1.24 a year earlier. On the balance sheet front, BellaVita’s current assets increased to Rs 119 crore while the company closed FY25 with cash and bank balances of Rs 4 crore, up from Rs 1 crore in the previous fiscal. According to TheKredible, BellaVita has raised a total of $58 million of funding to date, with Sanjeev Kumar Taparia and Ashutosh Taparia as its lead investors. The profits will be a welcome milestone for the firm that has shown the kind of intent and effort that marks out driven startups. Maintaining the momentum in FY26 will place it in a hallowed company in a category where the topline has been ‘bought’ with expensive advertising in most cases. BellaVita has certainly built a brand that has some pull of its own and could yet be the personal care brand to watch in the coming years.

Milky Mist posts Rs 2,349 Cr revenue in FY25, profit jumps over 2.4X

EntrackrEntrackr · 7m ago
Milky Mist posts Rs 2,349 Cr revenue in FY25, profit jumps over 2.4X
Medial

Milky Mist posts Rs 2,349 Cr revenue in FY25, profit jumps over 2.4X Dairy company Milky Mist has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India to raise up to Rs 2,035 crore through an initial public offering (IPO). The company's financial report for FY25 indicates a 2.4X spike in its profit with a decent growth in revenue. Milky Mist’s revenue from operations grew 29% to Rs 2,349 crore in FY25 from Rs 1,822 crore in FY24, according to its restated financial statement sourced from the DRHP. Paneer remained Milky Mist’s top-selling product in FY25 with Rs 694 crore in revenue, followed by cheese at Rs 408 crore and curd at Rs 370 crore. Ice cream emerged as the fastest-growing segment with a 294% jump to Rs 138 crore, while other products like ghee, milk, and beverages brought in Rs 739.5 crore. Regionally, Karnataka and Tamil Nadu led the charts with nearly equal contributions, while West India (Rs 418 crore) and North-Central India (Rs 116 crore) posted the highest growth at 49% and 55%, respectively. Export revenue also surged 43% to Rs 88.5 crore. On the expense front, the cost of materials continued to be the biggest outlay, growing 24% to Rs 1,553 crore in FY25. Employee benefit expenses rose to Rs 145 crore, while depreciation and finance costs increased to Rs 136 crore and Rs 86 crore, respectively. Notably, selling and distribution costs jumped over 134% to Rs 122 crore. Overall, total expenses increased 27% to Rs 2,267 crore in FY25 from Rs 1,784 crore a year earlier. Milky Mist ended the year with a return to strong profitability, with a spike of 2.4X to Rs 46 crore in FY25 from Rs 19 crore in FY24. Its ROCE and EBITDA margin stood at 11.57% and 13.14% respectively. The company spent Rs 0.96 to earn a rupee of operating revenue in FY25. The company reported current assets worth Rs 419 crore, including Rs 21 crore in cash and bank balance. As per the DRHP, Anitha S is the largest shareholder with a 51.45% stake in Milky Mist, followed by T. Sathishkumar who owns 40.94%. Aquarius Family Private Trust and Taurus Family Private Trust hold 2.5% each in the company. JM Financial, Axis Capital, and IIFL Securities are the book-running lead managers for the IPO.

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