CureFit's FY25 Net Loss Plunges 83% to ₹483 Crore on Back of Revenue Growth

CureFit, the Bengaluru-based health and fitness startup, significantly shrank its net loss by 83% in FY25, bringing it down to ₹483 crore compared to the previous year's ₹888 crore loss. This improvement aligns with the firm's strategic focus on revenue growth and operations restructuring. 

Key Financial Highlights of FY25 

In FY25, CureFit reported a substantial increase in operating revenue, rising 31% to ₹1,215 crore from ₹926.6 crore in FY24. Including additional income of ₹56.4 crore, the startup's total revenue touched ₹1,272 crore for the year. The core of its revenue came from services, which amounted to ₹841.3 crore. Additionally, the direct-to-consumer fitness apparel business contributed ₹326.4 crore. 

Revenue Streams and Strategic Adjustments 

Besides its core fitness services, CureFit earned around ₹50 crore from its franchising model. However, the fiscal year also involved key strategic shifts with the discontinuation of brands like Onyx and Trade.fit, resulting in impairment costs. Intangible assets from these brands were impaired to the tune of ₹10.7 crore for Onyx and ₹27 lakh for Trade.fit. 

Focus on Cost Management 

With a strategic focus on cost efficiency, CureFit managed to keep its expenses in check. Employee expenses rose slightly by 7% to ₹347.4 crore, whereas facility management costs increased by 28% to ₹129.3 crore. Conversely, promotional and advertisement expenses were reduced by 3%, settling at ₹203 crore. 

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Operational Streamlining and Impairment Costs 

CureFit saw impairment costs of ₹319.3 crore due to its restructuring efforts, which included sunsetting apps like Fitternity and Fitso. These strategic adjustments were critical in streamlining operations, paving the way for future profitability goals. 

Conclusion 

The reductions in losses and improvements in revenue highlight CureFit’s focused efforts to optimise its operations while navigating significant restructuring activities. The company's strategic adjustments have laid the groundwork for a stronger financial performance in upcoming years. 

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