D2C Luggage and Travel Accessories Brand Mokobara’s FY25 Revenue Nearly Doubled

Mokobara, the Peak XV‑backed D2C luggage and travel accessories brand, reported its FY25 financial results, showing a substantial rise in revenue and a deeper net loss compared with the previous year. 

Mokobara FY25 Revenue and Income Overview 

Operating revenue climbed to ₹230 crore in FY25, up 97% from ₹117 crore in FY24 and markedly higher than the ₹53 crore recorded in FY23.  

Interest income contributed ₹10 crore, bringing total income to ₹240 crore, versus ₹119 crore in FY24. All revenue was generated from the sale of luggage, backpacks and travel accessories through online and offline channels. 

Expense Profile in FY25 

The cost of procurement was the largest outlay, rising 91% to ₹109 crore and representing 43% of total spend. Advertising expenses increased 88% to ₹46 crore.  

Employee benefit expenses nearly doubled to ₹25 crore. Logistics charges were ₹11 crore and warehousing costs ₹8 crore. Overall expenses more than doubled, reaching ₹251 crore in FY25 from ₹123 crore in FY24. 

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Profitability and Financial Position 

The company posted a net loss of ₹10 crore in FY25, compared with a loss of ₹4 crore in FY24. ROCE stood at –11.61% and EBITDA margin at –6.52%.  

On a unit basis, the firm spent ₹1.09 to earn a rupee. Cash and bank balances were ₹72.5 crore, while current assets totalled ₹204 crore. 

Funding and Competitive Landscape 

Mokobara has raised approximately $24 million to date, with Sauce, Saama Capital and Peak XV Partners as lead investors. The brand competes with Nasher Miles, Zouk Bags and Acefour Accessories in the Indian luggage and accessories segment. 

Conclusion 

Mokobara’s FY25 results show strong revenue growth alongside rising costs, leading to an expanded net loss. The company maintains a solid cash position and continues to operate in a competitive market with established rivals. 

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