
New Delhi, September 4, 2025 – Consumer electronics brand boAt has posted a net profit of ₹60.4 crore in FY25, marking a turnaround from a loss of ₹73.7 crore in FY24, according to news reports. The improvement comes as the company readies for its much-anticipated ₹2,000 crore IPO.
Revenue Performance
- Total revenue: ₹3,097.8 crore in FY25 vs. ₹3,135.4 crore in FY24
- Operating revenue: ₹3,073.3 crore (slightly lower than ₹3,117.7 crore last year)
- Product sales: ₹3,070.4 crore
- India sales: ₹3,050.5 crore
- International sales: ₹20 crore (up 44% YoY, though still a small share)
Segment Insights
- Audio products: Revenue grew 5% YoY to ₹2,586 crore (from ₹2,459.2 crore)
- Wearables: Revenue slumped 40% YoY to ₹330.4 crore, following a 44% decline in FY24 – marking the second consecutive yearly fall
Expense Trends
- Total expenses: Fell 6% YoY to ₹3,040.4 crore
- Purchases of stock-in-trade: Declined 9% to ₹2,069.8 crore
- Advertising costs: Rose 7% to ₹389.7 crore
- Employee expenses: Slight increase to ₹134.8 crore
- Inventory changes: Jumped to ₹105.2 crore (from ₹39.2 crore)
Other Income
- Exceptional gain: ₹8.6 crore from selling stake in beauty brand Kimirica
- Subsidiary update: HOB Ventures signed a ₹30 crore agreement with Kimirica promoters in January 2025
IPO Plans
boAt has received SEBI approval for its confidential draft red herring prospectus and is preparing to raise about ₹2,000 crore through its IPO. This will be its second listing attempt after scrapping plans in 2022.
Summary
boAt’s FY25 results show a shift back to profitability, driven by stronger audio product sales and cost optimization, even as wearables continued to weigh on performance. With international sales showing early signs of growth and IPO preparations underway, the company is positioning itself for its next phase of expansion.
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