The company’s revenue from operations declined 4.6% YoY to Rs 2,931 Cr in FY26 from Rs 3,073 Cr in FY25.
According to the company, its inventory has been reduced by around 10% to Rs 294 Cr from Rs 326 Cr, while trade receivables have remained broadly stable at around Rs 255 Cr.
The company also cut warranty expenses by around 30% to Rs 57.5 Cr in FY26 from Rs 82.6 Cr in FY25.
At the segment level, boAt’s wearables business turned profitable, from a loss of Rs 54 crore in FY25 to Rs 7 Cr profit in FY26.
Its other segment, comprising categories such as charging solutions, cables and gaming, saw segment profit rise to Rs 46 Cr from Rs 14 Cr.
Consumer electronics brand boAt reported a 38% year-on-year increase in profit after tax (PAT) to Rs 84.5 Cr in the fiscal year ended March 2026, compared with Rs 61.1 Cr in FY25, while profit before tax (PBT) grew 53% YoY to Rs 114.3 Cr, according to the company’s press release.
The company’s revenue from operations declined 4.6% YoY to Rs 2,931 Cr in FY26 from Rs 3,073 Cr in FY25. This marks the third consecutive year of decline for the consumer electronics brand, with revenue falling from a peak of Rs 3,373 Cr in FY23 to Rs 3,122 Cr in FY24 and Rs 3,073 Cr in FY25.
Despite flat revenue, the company improved its return on capital employed (ROCE) to 15.2% in FY26 from 11.5% in FY25, and ended the year with around Rs 397 Cr in cash reserves and zero bank debt, as per the release.
According to the company, its inventory has been reduced by around 10% to Rs 294 Cr from Rs 326 Cr, while trade receivables have remained broadly stable at around Rs 255 Cr. The company also cut warranty expenses by around 30% to Rs 57.5 Cr in FY26 from Rs 82.6 Cr in FY25.
At the segment level, boAt’s wearables business turned profitable, from a loss of Rs 54 crore in FY25 to Rs 7 Cr profit in FY26. Its other segment, comprising categories such as charging solutions, cables and gaming, saw segment profit rise to Rs 46 Cr from Rs 14 Cr.
Audio continued to remain the company’s core business, while boAt expanded into newer categories. The company is also exploring international markets, with overseas revenue more than doubling to Rs 45 Cr in FY26 from around Rs 20 Cr in the previous fiscal year.
boAt plans to expand into projectors, personal grooming, charging solutions and other lifestyle tech products under its “boAt 2.0” strategy.
On boAt’s FY26 performance, Gaurav Nayyar, CEO, boAt, said the company strengthened its financial position, with PAT rising 38%, ROCE improving to 15.2%, and cash reserves reaching around Rs 397 Cr with zero bank debt. He added that wearables turned profitable, while newer categories are emerging as growth and profit drivers.
In October last year, boAt filed an updated draft red herring prospectus (UDRHP) with SEBI, cutting its IPO size to Rs 1,500 crore from the earlier Rs 2,000 crore. The IPO comprises a fresh issue of Rs 500 crore and an offer for sale (OFS) worth Rs 1,000 crore by existing shareholders and co-founders.
