Ahead of IPO, consumer electronics startup, boAt, reported a net profit of ₹60.4 crore in FY25, compared to a loss of ₹73.7 crore in FY24. As per news reports, the operating revenue fell slightly to ₹3,073.3 crore from ₹3,117.7 crore a year earlier. Including other income of ₹24.5 crore, total revenue came in at ₹3,097.8 crore against ₹3,135.4 crore in FY24.
The company earned ₹3,070.4 crore from product sales and ₹2.9 crore from other operating income. India contributed ₹3,050.5 crore to the top line. International sales, while smaller in size, grew 44% year-on-year to ₹20 crore under review.
As per news reports, audio products remained the main driver, with revenue rising 5% to ₹2,586 crore in FY25 from ₹2,459.2 crore in FY24. Wearables continued to decline, with sales down 40% to ₹330.4 crore from ₹550.3 crore in the previous year. This was the second consecutive annual drop in wearable revenue after a 44% fall in FY24.
Expenses fell 6% to ₹3,040.4 crore from ₹3,233.6 crore in FY24. Purchases of stock-in-trade declined 9% to ₹2,069.8 crore. Advertising costs rose 7% to ₹389.7 crore, while employee expenses increased marginally to ₹134.8 crore. Inventory changes rose to ₹105.2 crore, up from ₹39.2 crore in FY24.
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boAt reported an exceptional income of ₹8.6 crore from selling its stake in beauty and personal care brand Kimirica. Its subsidiary, HOB Ventures, signed an agreement worth ₹30 crore with Kimirica’s promoters in January 2025.
As per news reports, the financial update comes as the company prepares for its upcoming IPO. boAt received SEBI approval for its confidential draft red herring prospectus and is reported to be looking to raise about ₹2,000 crore. This marks its second attempt at a listing after shelving earlier plans in 2022.
boAt’s return to profit in FY25 was driven by lower expenses, even as revenue growth slowed and wearables weakened. The results come ahead of its IPO plans.
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Published on: Sep 4, 2025, 12:26 PM IST
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