Curefoods reports Rs 916 Cr revenue and Rs 192 Cr loss in FY26

Curefoods grew its operating revenue 23% to Rs 916 crore in FY26, but the growth came with a wider net loss of Rs 192 crore. The Ankit Nagori-led cloud kitchen company had recently put its Rs 800 crore IPO plans onholdamid market volatility, making its latest financial performance particularly relevant. While EBITDA losses narrowed and margins improved, higher depreciation and finance costs continued to weigh on profitability. Curefoods’ revenue from operations increased to Rs 916.2 crore in FY26 from Rs 745.8 crore in FY25, according to its consolidated financial statements sourced from the Registrar of Companies show. Curefoods operates a multi-brand food business across healthy meals, biryani, pizza, desserts and South Indian cuisine. Its portfolio includes EatFit, Sharief Bhai Biryani, OLIO, Arambam, Krispy Kreme, Nomad Pizza, CakeZone and Frozen Bottle. It runs these brands through a shared network of 281 cloud kitchens, 99 kiosks and 122 restaurants. Sales of food and other products accounted for 99% of operating revenue and increased 23% to Rs 908.4 crore during the year. Revenue from services and other operating activities, including franchisee fees contributed the remaining Rs 7.8 crore. India remained Curefoods’ core market, with Rs 893.3 crore revenue in FY26, while collection from overseas markets soared 4X to Rs 22.85 crore. The company also earned Rs 18.6 crore from non-operating activities, including interest income and gains on mutual funds, which took its total income to Rs 934.8 crore in the last fiscal year. On the cost side, material expenses remained the largest cost centre and increased 13.5% to Rs 310.4 crore. Employee benefit expenses rose 19% to Rs 213.9 crore, which included Rs 33 crore in ESOP expenses. Commission costs increased 22% to Rs 166.8 crore, while depreciation and amortisation expenses rose 24% to Rs 100.6 crore. Meanwhile, advertising and promotional expenses declined 10% to Rs 79 crore during the year. Other overheads such as rent, electricity, legal & professional added another Rs 256.3 crore, taking Curefoods’ total expenditure to Rs 1,127 crore in FY26, up 19% year-on-year. The company’s net loss widened 13% to Rs 192.2 crore in FY26 from Rs 170 crore in the previous fiscal year. However, the growth in expenses remained below the rise in operating revenue, which helped Curefoods narrow its EBITDA loss to around Rs 69.3 crore from Rs 86 crore in FY25. Its EBITDA margin improved to negative 7.6% from negative 11.5% during the same period. While the operating trend improved, higher depreciation and finance costs continued to weigh on its bottom line. On a unit level, Curefoods spent Rs 1.23 to earn a rupee of operating revenue in FY26, compared with Rs 1.27 in FY25. Its cash and bank balance also declined 51% to Rs 39.4 crore at the end of FY26, while current assets fell 21% to Rs 267.7 crore. Curefoods had received SEBIapprovalfor its proposed Rs 800 crore IPO after filing its draft papers in October 2025.

Original source: Entrackr