๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

The Man Companyโ€™s revenue declines to Rs 154 Cr in FY25; slips into losses

EntrackrEntrackr ยท 1m ago
The Man Companyโ€™s revenue declines to Rs 154 Cr in FY25; slips into losses
Medial

Emami-owned menโ€™s grooming and personal care brand, The Man Company, saw its scale decline in the fiscal year ending March 2025, slipping into losses. The companyโ€™s revenue from operations declined by 16% to Rs 154 crore in FY25 from Rs 183 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). The sale of grooming products accounted for 97% of the revenue, while the rest came from shipping charges. Advertising costs emerged as the largest expense, rising over threefold to Rs 43 crore in FY25 from Rs 14 crore in FY24. Other major costs also increased, with discounts reaching Rs 18 crore, employee benefit expenses at Rs 10.5 crore, and the cost of materials nearly doubling to Rs 29.3 crore in FY25. Depreciation increased to Rs 6.2 crore, while other expenses fell to Rs 70 crore. Overall, The Man Companyโ€™s total expenses remained flat at Rs 177 crore in FY25, the same as the previous year. The decline in scale led the company into the red, recording a loss of Rs 22 crore in FY25 compared to a profit of Rs 9 crore in FY24. Its EBITDA margin fell to negative 9.74% from 6.78% the previous year. On a unit basis, the company spent Rs 1.15 to earn a rupee during the fiscal year. The Gurugram-based firm reported cash and bank balances of Rs 0.3 crore, with current assets at Rs 68 crore in FY25. Emami acquired The Man Company (TMC) for about Rs 400 crore, marking Emami's first D2C acquisition. The Man Company's competitors, Beardo and Ustraa, showed varied performances in FY25. Beardo's revenue increased to Rs 214 crore in FY25 from Rs 173 crore in FY24, with PAT rising by 258% to Rs 13 crore. Conversely, Ustraa's revenue declined by 22% to Rs 73 crore, but it narrowed its losses by 72% to Rs 14 crore in FY25. The Man Company's results underscore the challenges of D2C space acquisitions. Acquiring firms looking for high growth often face issues in a relatively unstructured environment. A heavy-handed approach post-acquisition can also stifle the agility that helped startups adapt to market changes. There is little doubt that The Man Company has lost some vitality post-acquisition.

Akumentis Healthcare posts Rs 66 Cr profit in FY25, revenue grows 9%

EntrackrEntrackr ยท 6m ago
Akumentis Healthcare posts Rs 66 Cr profit in FY25, revenue grows 9%
Medial

Akumentis Healthcare, a pharmaceutical company, reported a profit of Rs 66 crore in the fiscal year ending March 2025, marking a 16.8% increase compared to FY24. The company achieved this growth on the back of consistent revenue and controlled operating costs. Akumentisโ€™ revenue from operations grew by 9% to Rs 433.5 crore in FY25 from Rs 398 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Akumentis Healthcare operates on a branded formulations model, focusing on prescription-driven pharmaceuticals across therapeutic areas such as cardiology, dermatology, orthopedics, and gynecology. Sale of the products was the sole source of revenue. On the expense side, the cost of materials rose by 7.6% to Rs 113 crore in FY25 from Rs 105 crore in FY24. Employee benefit expenses increased by 8% to Rs 132 crore, while advertising expenses remained flat at Rs 39 crore. Travelling expenses rose 7% to Rs 30 crore, whereas legal and professional fees surged 25% to Rs 20 crore during the year. Overall, Akumentisโ€™ total expenses grew nearly 9% to Rs 361.5 crore in FY25 from Rs 333 crore in FY24. The combination of steady top-line growth and measured spending helped the company expand profitability. Akumentisโ€™ profit rose by 17% to Rs 66 crore in FY25 from Rs 56.5 crore in FY24. Its ROCE and EBITDA margin stood at 43.70% and 19.91% respectively. On a unit level, the company spent Rs 0.83 to earn a rupee during FY25. The company recorded current assets worth Rs 167 crore in FY25, including Rs 92 crore in cash and bank balances. According to TheKredible, Akumentis has raised a total of $19 million of funding till date, with Peak XV Partners as its lead investor.

Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25

EntrackrEntrackr ยท 4m ago
Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25
Medial

Ripplr reports Rs 91 Cr loss on Rs 1,164 Cr GMV in FY25 Distribution and supply chain platform Ripplr posted nearly three-fold GMV growth in FY24. However, its growth momentum slowed sharply as it barely achieved double-digit growth in the last fiscal year. Ripplrโ€™s gross revenue grew by 13% to Rs 1,164 crore in FY25 from Rs 1,028 crore in FY24, according to its annual financial statement. For the uninitiated, Ripplr offers a plug-and-play distribution network as a service to digitize and manage brand operations. Goods sales accounted for 92% of Ripplr's total gross revenue, which increased by 14% year-on-year to Rs 1,068 crore in FY25. Income from logistics and warehousing were other revenue drivers for the 3One4 Capital-backed firm. Cost of materials remained the largest expense for the company which formed nearly 81% of total expenditure and rose 14.5% to Rs 1,018 crore in FY25 from Rs 889 crore in FY24. However, its employee benefit expenses declined sharply by 33% to Rs 40 crore in FY25 from Rs 60 crore in FY24. Depreciation, finance costs, and professional fees collectively added another Rs 32.5 crore while other expenses, covering logistics, store operations, and miscellaneous overheads, rose 14.5% to Rs 169.5 crore. Overall, Rippleโ€™s total expenses increased 12% to Rs 1,260 crore in FY25. Ripplr posted a loss of Rs 91 crore in FY25, almost identical to Rs 90 crore it lost in FY24. The firmโ€™s ROCE and EBITDA margin improved slightly to -30% and -5.88% respectively. On a unit level, Ripplr spent Rs 1.08 to earn a rupee of operating revenue in FY25, compared to Rs 1.10 in the previous fiscal. The Bengaluru-based firm recorded cash and bank balances of Rs 63 crore, while current assets rose to Rs 381 crore in FY25. Ripplr is reportedly in discussions to raise Rs 400 crore from SBI and existing investors. Before this, the company raised over $45 million. According to startup data intelligence platform TheKredible, Sojitz Corporation and 3One4 Capital are their notable investors.

PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25

EntrackrEntrackr ยท 1y ago
PB Fintech posts Rs 1,292 Cr revenue and Rs 72 Cr profits in Q3 FY25
Medial

PB Fintechโ€™s revenue increased to Rs 1,292 crore in Q3 FY25 as compared to Rs 871 crore during Q3 FY24, as per the firmโ€™s unaudited consolidated financial results. PB Fintech, the parent company of Policybazaar and Paisabazaar, recorded a 48.3% year-on-year increase in revenue during the third quarter of the ongoing fiscal year (FY25). At the same time, the firm nearly doubled its profits, maintaining strong growth in earnings. Insurance broking formed 87.6% of the total collections which surged by 62.4% to Rs 1,132 crore during Q3 FY25 from Rs 697 crore in Q3 FY24. The income from other operating activities, which include marketing, advertising, consulting, and support services, plunged 8% to Rs 160 crore in the same period. The firm earned Rs 100 crore from non-operating activities including financial income, tallying its overall revenue to Rs 1,392 crore in Q3 FY25, compared to Rs 965 crore in the same quarter of the previous fiscal year. For PB Fintech, employee benefits cost remained the largest cost center forming 37% of the overall expenditure. This cost increased by 22.4% YoY to Rs 487 crore in Q3 FY25 from Rs 398 crore in Q3 FY24. This includes Rs 51 crore as ESOP expense (non-cash). The companyโ€™s spending on advertising and promotional grew 34% to Rs 289 crore. Its network, internet, legal, rent, and other overheads pushed its total expenditure to Rs 1,307 crore in Q3 FY25 from Rs 926 crore in Q3 FY24. The significant year-on-year growth helped PB Fintech to post a 94.6% surge in profits to Rs 72 crore in Q3 FY25 from Rs 37 crore in the third quarter of the previous fiscal year. On a unit level, the Gurugram-based firm spent Rs 1.01 to earn a rupee in Q3 FY25. PB Fintech ended the day on January 30 with a share price of Rs 1,659.7 and a total market capitalization of Rs 76,225 crore (approximately $9 billion).

Info Edge-backed Zingbus crosses Rs 150 Cr revenue in FY25

EntrackrEntrackr ยท 2m ago
Info Edge-backed Zingbus crosses Rs 150 Cr revenue in FY25
Medial

Intercity mobility platform Zingbus nearly doubled its scale in the fiscal year ending March 2025. However, the Gurugram-based company continued to remain in losses. Zingbusโ€™ revenue from operations surged 85% to Rs 161 crore in FY25 from Rs 87 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC). Zingbus primarily generates revenue from intercity bus ticketing services. Revenue from these services was the sole source of revenue for the company. On the spending side, bus hire charges formed the largest expense element contributing over 63% of the total expenditure. This cost jumped 147% to Rs 121 crore in FY25 from Rs 49 crore in FY24. Guarantee commission paid to fleet partners also rose sharply by 78% to Rs 16 crore, whereas employee benefit expenses grew moderately by 7% to Rs 15 crore. Advertising expenses increased 9% to Rs 6 crore in the same period. Overall, Zingbusโ€™ total expenditure grew 65% to Rs 191 crore in FY25 from Rs 116 crore in FY24. Despite the sharp scale up, the company managed to significantly improve its operating efficiency. EBITDA loss reduced to Rs 30.4 crore in FY25 from Rs 38.7 crore, translating into an EBITDA margin improvement from -44.5% in FY24 to -18.9% in FY25. Zingbus posted a net loss of Rs 25 crore in FY25, almost flat compared to Rs 24 crore loss in FY24. Its ROCE and EBITDA margin stood at -40.39% and -18.88% respectively. On a unit level, the company spent Rs 1.19 to earn a rupee of operating revenue during FY25 as compared to Rs 1.33 per rupee in the previous fiscal year. Zingbus held cash and bank balances of Rs 3 crore, with current assets standing at Rs 9 crore at the end of FY25. According to TheKredible, Zingbus has raised a total of $25 million of funding till date, having AdvantEdge Technologies, Info Edge and BP Ventures as its lead investors. Zingbus is focusing on an EV fleet and carbon neutral rides, aiming to build a valuable brand and recognition in a cluttered market. It faces challenges such as high dependence on imported buses and inadequate charging infrastructure, as well as potential impacts from fluctuating LNG prices.

Download the medial app to read full posts, comements and news.