The Mumbai-based company’s operating revenues rose 20% to Rs 958.4 crore in FY25 from Rs 796.9 crore a year earlier, while its net loss narrowed 41% to Rs 117.4 crore from Rs 199 crore in FY24.
The Temasek-backed company is also preparing for a potential initial public offering and is reportedly looking to raise around $200 million.
Founded by IIT Bombay alumni Sibabrata Das and Manoj Meena, Atomberg began as a fan manufacturer and has since expanded into new segments, including mixer grinders and smart locks.
On the expenditure front, material costs remained the largest component, accounting for 45% of total expenses, at Rs 506.2 crore. Total expenses rose to Rs 1,118.3 crore in FY25 from Rs 1,025 crore a year earlier.
The slower rise in Atomberg’s expenses relative to revenues was primarily due to the firm reining in its staff costs, which came in at Rs 158.6 crore, down from Rs 248.3 crore in fiscal 2024. Advertising and marketing expenses stood at Rs 104 crore in FY25.
In April, Das said in a social media post that the company’s total revenue had crossed the Rs 1,000 crore mark in FY25.
“As we think about the next 10 years, there are many unknowns: can we build a multi-category brand? Maintain our pace of innovation? Can Atomberg play a larger role in manufacturing? Can we become a global brand? and many more… I don’t know the end result but one thing is certain that the journey of next decade is going to be even more exciting than the last,” Das wrote in his post on LinkedIn.
Atomberg, which counts Temasek, A91 Partners, and Jungle Ventures among its investors, has raised around $151 million to date, per Tracxn. Atomberg majorly competes with companies like Crompton Greaves Consumer Electricals, Bajaj Electricals, and Orient Electric, among others.