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The Sleep Company’s revenue spikes 60% to Rs 499 Cr in FY25

EntrackrEntrackr · 5m ago
The Sleep Company’s revenue spikes 60% to Rs 499 Cr in FY25
Medial

The Sleep Company continued its strong growth streak in the fiscal year ending March 2025. It recorded 60% year-on-year revenue growth and achieved a 34% reduction in EBITDA losses during the last fiscal year. The Sleep Company’s revenue increased to Rs 499 crore in FY25 from Rs 312 crore in FY24, according to its provisional financial statements sourced from the Registrar of Companies (RoC). The Sleep Company offers mattresses, pillows, cushions, bedding, and office chairs. Apart from its own website, the firm sells its products across e-commerce platforms including Amazon and Flipkart. The Sleep Company’s total costs rose 46% to Rs 550 crore in FY25 from Rs 376.8 crore in FY24. The cost of material formed the largest expense, accounting for nearly 40% of the total spent. This cost increased by 52% to Rs 220 crore in FY25 from Rs 145 crore in FY24. Marketing spend grew modestly by 5% to Rs 105 crore, while depreciation expenses more than doubled to Rs 12 crore. Other expenses, which include logistics, technology, and other costs added another Rs 213 crore in FY25. Despite the jump in expenses, the company managed to narrow EBITDA losses by 34% to Rs 39 crore in FY25. Its EBITDA margin also improved significantly to -7.82% from -18.91% in the previous fiscal. The Sleep Company’s ROCE remained broadly flat at -30.03% in FY25 as compared to -29.91% in FY24. On a unit basis, it spent Rs 1.10 to earn a rupee of operating revenue in the last fiscal year. As of March 2025, the company held cash and bank balances of Rs 25 crore, up from Rs 4.2 crore a year ago. Its total assets were recorded at Rs 291.5 crore while current assets stood at Rs 186.5 crore. According to TheKredible, The Sleep Company has raised a total of $105 million of funding till date, having Fireside Ventures and Premji Invest as its lead investors who own 21% and 25% of the company respectively. The company will be keeping more than just a wary eye on competitors like Wakefit, that are headed towards a possible IPO and the kicker it will provide to their marketing focus. The category itself is almost unrecognizable today in terms of players, distribution channels and sheer variety of options for consumers when compared to even 5 years back. So far, that has ensured the whole pie expands, but it won't be long before the industry runs up against a wall too high to jump over. Be it replacement inertia or unorganised players selling same size mattresses at a 30% lower price point. A differentiator like its SmartGrid technology works for a very narrow segment of the market, if at all. Going offline is also expensive, leaving the Sleep Company with some very tough choices to make to reach profitability soon.

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Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26

EntrackrEntrackr · 20d ago
Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26
Medial

Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26 Bengaluru-based home and sleep solutions company Wakefit has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last quarter. The firm’s revenue increased by 9% during the third quarter, while its profit stood at Rs 34 crore. The company’s revenue from operations increased to Rs 421 crore in Q3 FY26 from Rs 385 crore in the same quarter last year, according to its financial statement sourced from NSE. Founded in 2016, Wakefit operates as a direct-to-consumer (D2C) brand offering sleep and home solutions, including mattresses, pillows, furniture, and home improvement products. Other income contributed an additional Rs 11 crore, which drove its total income of Rs 432 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 18% to Rs 1,145 crore from Rs 971 crore a year earlier. The company’s cost of material accounted for 49% of the total cost. This expense rose 4% to Rs 194.5 crore in Q3 FY26 from Rs 187 crore in Q3 FY25. Its employee benefit expense stood at Rs 43 crore for the quarter. Overall, the company’s total expense remained flat at Rs 397 crore in Q3 FY26 as compared to Rs 395 crore in Q3 FY25. Wakefit posted a profit of Rs 32 crore in Q3 FY26, as compared to a loss of Rs 2.4 crore in Q3 FY25. On a sequential basis, the company’s profit doubled from Rs 16 crore in Q2 FY26. Wakefit made a muted debut on the stock exchanges, with its shares listing flat to marginally below the IPO issue price at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price. Wakefit’s share price is currently trading at Rs 191, giving the firm a total market capitalization of Rs 6,249 crore ($689 million).

boAt makes turnaround in FY25 with Rs 60 Cr profit

EntrackrEntrackr · 5m ago
boAt makes turnaround in FY25 with Rs 60 Cr profit
Medial

boAt makes turnaround in FY25 with Rs 60 Cr profit Consumer electronics firm boAt reported a net profit of Rs 60 crore in FY25, a significant turnaround for the Gurugram-based company as it curtailed losses across its business segments. The company’s austerity measures slightly impacted its top line, which stood at Rs 3,073 crore in FY25 from Rs 3,118 crore in FY24, according to company documents reviewed by Entrackr. Sales of products such as earbuds, speakers, airdopes, and wireless speakers contributed Rs 3,070.4 crore to the company’s revenue, while other operating income added Rs 2.9 crore. Including non-operating income, boAt’s total revenue stood at Rs 3,098 crore in FY25. India remained its core market, accounting for Rs 3,050.5 crore in sales, while international revenue grew 44% year-on-year to Rs 20 crore in FY25. Audio continued to power growth with Rs 2,586 crore in revenue (up 5%), whereas the wearables segment shrank sharply by 40% to Rs 330.4 crore. boAt cut overall expenses by 6% to Rs 3,040 crore. Purchases of stock-in-trade were the largest cost expenditure for boAt, which dropped by 8.9% to Rs 2,070 crore in FY25 from Rs 2271 crore in FY24. According to the documents, its ad spending rose around 7% to Rs 390 crore, while employee costs grew slightly by 3.1% to Rs 135 crore. boAt has raised over $170 million to date, including a $60 million round led by Warburg Pincus and Malabar Investments in 2023. Imagine Marketing, the parent of boAt, is set to become the first Indian D2C electronics brand to go public after receiving SEBI’s nod for its IPO. The markets regulator has cleared its confidential DRHP, and the company is eyeing a Rs 2,000 crore raise, including a Rs 900 crore fresh issue.

Awfis posts Rs 382 Cr revenue and Rs 22 Cr profit in Q3 FY26

EntrackrEntrackr · 28d ago
Awfis posts Rs 382 Cr revenue and Rs 22 Cr profit in Q3 FY26
Medial

Coworking solutions provider Awfis has announced its financial results for the third quarter of FY26, reporting a 20% year-on-year growth in revenue while posting a profit of Rs 21.6 crore during the quarter. The company’s revenue from operations grew to Rs 382 crore in Q3 FY26 from Rs 318 crore in the same quarter last year, according to its financial statements sourced from the NSE. Other income contributed an additional Rs 29 crore, taking the company’s total income to Rs 411 crore for the quarter. For the nine months ended December, the firm’s revenue grew 24.5% to Rs 1,083 crore compared to Rs 868 crore in the corresponding period last year. Revenue from coworking spaces remained the largest contributor, accounting for 84% of the total operating revenue. This segment grew 32.5% to Rs 322 crore in Q3 FY26 from Rs 243 crore in Q3 FY25. Meanwhile, the construction and fit-out projects segment generated Rs 60 crore in revenue during the quarter. On the expense side, depreciation remained the largest cost component at Rs 99 crore, while employee benefits expenses stood at Rs 36 crore. Finance costs, subcontracting expenses, and other overheads together pushed the company’s total expenses to Rs 389 crore in Q3 FY26 from Rs 317 crore in Q3 FY25. Improved revenue performance, along with a jump in other income, led the company’s profit to increase by 44% to Rs 21.6 crore in Q3 FY26, compared to Rs 15 crore in Q3 FY25. At the end of today’s trading session, Awfis’ stock closed at Rs 389.5, valuing the company at a market capitalization of Rs 2,759 crore (approximately $303 million).

Info Edge posts Rs 805 Cr revenue, Rs 347 Cr profit in Q2 FY26

EntrackrEntrackr · 3m ago
Info Edge posts Rs 805 Cr revenue, Rs 347 Cr profit in Q2 FY26
Medial

Info Edge, the parent company of Naukri and 99acres, reported a 15% growth in its operating revenue in the second quarter of the ongoing fiscal year (Q2 FY26), while its profit increased by 4X. The Noida-based company’s operating revenue rose to Rs 805 crore in Q2 FY26 from Rs 701 crore in Q2 FY25, according to documents sourced from the National Stock Exchange (NSE). Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 582 crore in the quarter ending June 2025, a 13% year-on-year growth compared to Q2 FY25. Meanwhile, revenue from 99acres reached Rs 115 crore. The company added another Rs 162 crore from interest on deposits and investment which pushed its overall revenue to Rs 967 crore in Q2 FY26. On a half-yearly basis, Info Edge’s operating revenue rose 16% to Rs 1,596 crore in H1 FY26 from Rs 1,377 crore in H1 FY25. On the expense side, Info Edge spent 60% of its overall expenditure on employee benefits, which increased 11% year-on-year to Rs 340 crore in Q2 FY26. Its advertising and internet costs stood at Rs 108 crore and 22 crore, respectively. The company’s overall cost grew 14% YoY to Rs 563 crore in Q2 FY26 from Rs 492 crore in Q2 FY25. Info Edge’s profit spiked by 4X to Rs 347 crore in Q2 FY26 mainly due to Rs 320 crore deferred tax deducted in the same period last year which resulted in the profit to be Rs 85 crore in Q2 FY25. For the six months ended September 2025, the company’s profit doubled to Rs 690 crore in H1 FY26 from Rs 343 crore in H1 FY25. As of 1:54 PM today, Info Edge is trading at Rs 1,356, up 1% from today’s opening price. The firm’s market capitalization stands at Rs 88,366 crore ($9.9 billion).

SleepyCat reports Rs 98 Cr revenue and Rs 9 Cr loss in FY25

EntrackrEntrackr · 5d ago
SleepyCat reports Rs 98 Cr revenue and Rs 9 Cr loss in FY25
Medial

SleepyCat posted strong growth in the fiscal year ended March 2025, with its operating revenue nearing Rs 100 crore. At the same time, the direct to consumer mattress brand kept its losses in single digits. SleepyCat’s revenue from operations rose 44% to Rs 98 crore in FY25 from Rs 68 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). SleepyCat operates a direct-to-consumer model focused on selling mattresses and sleep accessories primarily through its online channels. The company generated most of its revenue from the sale of finished goods, which contributed 89% of the total and increased 39% to Rs 87 crore in FY25. Revenue from the sale of traded goods nearly doubled to Rs 9.8 crore during the year. On the spending side, the cost of material accounted for half of its total cost, this expense climbed 52% to Rs 54 crore in FY25 from Rs 35.6 crore in FY24. Employee benefit expenses rose 11% to Rs 10 crore in FY25 from Rs 9 crore in FY24. Overall, SleepyCat’s total expenses expanded 44% to Rs 108.5 crore in FY25 from Rs 75.5 crore in FY24. Along with the increase in its scale, the company’s loss increased by 29% to Rs 9 crore in FY25 from Rs 7 crore in FY24. The company posted an EBITDA loss of Rs 9.6 crore in FY25 compared to Rs 6.7 crore in the previous year, while its EBITDA margin remained largely flat at -9.80%. The Bengaluru-based firm reported cash and bank balances of Rs 3 crore at the end of FY25, while its current assets stood at Rs 18.6 crore. SleepyCat has raised around $5 million of funding till date, having DSG Consumer Partners as its lead investor.

D2C lifestyle brand DailyObjects posts Rs 110 Cr revenue in FY25

EntrackrEntrackr · 7d ago
D2C lifestyle brand DailyObjects posts Rs 110 Cr revenue in FY25
Medial

DailyObjects, a Direct-to-Consumer (D2C) tech accessories and lifestyle brand, has crossed the Rs 100 crore milestone in the fiscal year ending March 2025. However, in order to achieve scale, the company’s losses surged by 60% in the period. The company’s revenue from operations grew by 31% to Rs 110 crore in FY25 from Rs 84 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC). DailyObjects offers products such as bags, wallets, charging solutions and stationery, among others. The sale of products accounted for 99.6% of the total revenue which increased by 30.5% to Rs 109.6 crore in FY25. The rest of the income came from shipping and delivery charges. In terms of expenses, the cost of procurement formed 41% of the total expense. This cost increased by 21% to Rs 51.5 crore in FY25 from Rs 42.5 crore in FY24. Advertising expenses increased by 40.5% to Rs 26 crore, while employee benefit expenses climbed sharply by 54.5% to Rs 17 crore during the same period. Rent expenses doubled to Rs 4 crore, and legal and professional charges stood at Rs 2 crore in FY25. Overall, the company’s total expenses grew by 30% to Rs 124.5 crore in FY25 from Rs 96 crore in FY24. DailyObjects’ net loss increased by 60% to Rs 16 crore in FY25 from Rs 10 crore in FY24. Its ROCE and EBITDA margin stood at -16.89% and -10.64% respectively. On a unit basis, the company spent Rs 1.13 to earn a rupee during the fiscal year, compared to Rs 1.14 in FY24. As of March 2025, the firm reported cash and bank balances of Rs 8 crore, while its current assets stood at Rs 87 crore. DailyObjects’ has raised around $14.5 million of funding till date, having Seedfund and 360 One Ventures as its lead investor. Daily Objects last raised funding in May 2024, when it raised $10 million.

Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT

EntrackrEntrackr · 1y ago
Ixigo ends Q2 FY25 with Rs 206 Cr revenue and Rs 13 Cr PAT
Medial

Online travel aggregator (OTA) Ixigo’s revenue from operations grew 26% to Rs 206.47 crore in Q2 FY25 as compared to the same quarter of FY24. The growth was steered by the flight and bus segment. The flight gross transaction value grew by 43% YoY, while the bus GTV increased by 46%. The company’s contribution margin also improved by 24% to Rs 91.08 crore in Q2 FY25, compared to Rs 73.67 crore in Q2 FY24, the company said in a stock exchange filing. However, the contribution margin as a percentage of revenue from operations slightly decreased from 45% in Q2 FY24 to 44% in Q2 FY25. The Gurugram-based company generated the majority (53.5%) of its operating revenue from train ticketing amounting to Rs 110.4 crore in Q1 FY25. Flight and bus booking services contributed 27% and 19.3% to the company’s coffers, respectively. The firm’s operating expenses rose in Q2 FY25, reflecting increased investments in growth. Employee expenses and marketing costs contributed to this spike, which was necessary to support the company’s expansion in user acquisition and market penetration. Despite the rise in costs, EBITDA saw a sharp increase of 655%, reaching Rs 22.4 crore in Q2 FY25, compared to Rs 2.96 crore in Q2 FY24. Adjusted EBITDA also jumped 326% to Rs 20.99 crore in Q2 FY25. Ixigo profit after tax (PAT) declined by 51%, from Rs 26.70 crore in Q2 FY24 to Rs 13.08 crore in Q2 FY25. This decline was primarily due to a deferred tax charge of Rs 5.26 crore in Q2 FY25.

Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25

EntrackrEntrackr · 9m ago
Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25
Medial

Nazara posts Rs 520 Cr revenue and Rs 4 Cr PAT in Q4 FY25 Gaming and sports media firm Nazara Technologies reported a 95% year-on-year rise in operating revenue for Q4 FY25. However, the Mumbai-based company’s profit remained modest at Rs 4 crore in the final quarter of the previous fiscal year. Nazara’s operating revenue rose by 95.3% to Rs 520 crore in Q4 FY25 from Rs 266 crore in Q4 FY24, according to its audited consolidated financial statements sourced from the National Stock Exchange (NSE). E-sports accounted for 41.5% (Rs 216 crore) of the company’s total operating revenue, while the gaming segment held a 30% share (Rs 156 crore), followed by ad tech, which contributed 28% (Rs 148 crore). Nazara also earned Rs 18 crore from interest and gains on financial assets during the quarter, bringing its overall revenue to Rs 539 crore. However, the company posted a 40.8% YoY increase in its total income to Rs 1,715 crore in FY25, compared to Rs 1,218 crore in FY24. On the line of scale, Nazara’s total expenses surged by 85.3% to Rs 528 crore in Q4 FY25, compared to Rs 285 crore in the same quarter last year. Content and commission costs together stood at Rs 186 crore, while employee benefit expenses rose to Rs 80 crore. Notably, marketing expenses saw a sharp 3.5X jump, reaching Rs 151 crore in Q4 FY25. Despite a 95% year-on-year revenue growth in Q4, the company’s profit remained flat at Rs 4 crore in Q4 FY25. For the full fiscal year, its net profit declined to Rs 51 crore in FY25 from Rs 74.7 crore in FY24. Last week, the Competition Commission of India (CCI) also approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara is currently trading at Rs 1,270 (as of 03.41 PM) with a total market capitalization of Rs 11,127 crore (approximately $1.3 billion).

Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X

EntrackrEntrackr · 1y ago
Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X
Medial

Swiggy crosses Rs 4,000 Cr revenue in Q3 FY25, InstaMart grows 2.1X Swiggy’s food delivery business continues to be a major contributor, accounting for 34.23% of the total collection in Q3 FY25. Foodtech and quick commerce major Swiggy has managed a 31% year-on-year growth in its operating revenue which spiked to Rs 3,993 crore during Q3 FY25 as compared to Rs 3,048 crore in Q3 FY24. Swiggy’s food delivery business continues to be a major contributor, accounting for 34.23% of the total collection in Q3 FY25. Revenues from this vertical grew 3% to Rs 1,367 crore from Rs 1,326 crore in Q3 FY24. The company’s quick commerce segment also saw remarkable growth, with revenue surging by 113% to Rs 576 crore in Q3 FY25 from Rs 270 crore in Q3 FY24. The segment's gross order value (GOV) growth was driven by an increase in order frequency and the addition of new dark stores, contributing significantly to the company’s overall revenue.

Exotel turns profitable in FY25; total income crosses Rs 500 Cr

EntrackrEntrackr · 1m ago
Exotel turns profitable in FY25; total income crosses Rs 500 Cr
Medial

Exotel turns profitable in FY25; total income crosses Rs 500 Cr The last fiscal year proved to be a milestone for Exotel as the cloud communication platform crossed the Rs 500 crore revenue mark in FY25 and also turned profitable, supported with controlled expenses and steady growth in its operating revenue. Exotel’s operating revenue increased by 10% to Rs 490.5 crore in FY25 from Rs 444.5 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Exotel provides cloud-based voice and SMS contact center solutions, enabling businesses to manage customer engagement efficiently. Its primary revenue stream comes from offering internet-enabled cloud communication services. The bulk of the company’s revenue came from domestic services, which grew 9.5% to Rs 416 crore in FY25, while export services revenue rose 16% to Rs 74 crore. Including other income of Rs 16.5 crore, the company’s total income rose to Rs 507 crore in FY25 from Rs 460 crore a year earlier. On the cost side, Telephone and postage costs remained the largest expense, accounting for 44% of total costs. To the tune of scale, this expense increased 9% to Rs 212 crore in FY25 from Rs 195 crore in FY24. Employee benefit expenses, the second-largest cost head, declined by 21% to Rs 147 crore. Advertising and legal costs rose to Rs 12.5 crore and Rs 10 crore, respectively. Other expenses added the rest of Rs 77.5 crore. Overall, Exotel managed to bring down its total expenses by 4% to Rs 481 crore in FY25 from Rs 499 crore in FY24. The moderation in expenses and the steady revenue helped Exotel achieve profitability in the last fiscal year. The company posted a profit of Rs 20 crore in FY25, as compared to a loss of Rs 37 crore in FY24. Its ROCE and EBITDA margin improved to 2.46% and 6.83%, respectively. On a unit basis, Exotel spent Rs 0.98 to earn a rupee during the fiscal year, an improvement from Rs 1.12 in the previous year. As of March 2025, Exotel reported cash and bank balances of Rs 131 crore, while its current assets stood at Rs 290 crore. According to TheKredible, Exotel has raised $100 million of funding to date across multiple funding rounds, and counts Blume Ventures, A91 Partners, and Sistema Asia among its backers. According to the startup data intelligence platform TheKredible, A91 Partners is the largest external stakeholder with a 25.7% stake, followed by Blume Ventures. However, despite turning profitable in FY25, Exotel has witnessed notable leadership churn. Since late 2024, the company has seen the exit of several senior executives, including co-founder and COO Ishwar Sridharan.

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