IPO-Bound Atomberg’s Loss Widens 27% YoY To ₹149 Cr In FY26, Revenue Jumps 35%

IPO-bound consumer appliances startup Atomberg Technologies saw its consolidated net loss widen 26.8% to ₹148.9 Cr in the financial year ended March 2026 (FY26) from ₹117.4 Cr in the previous fiscal year. 

The rise in loss came despite its operating revenue jumping 34.8% to ₹1,293.8 Cr from ₹959.5 Cr in FY25, as per the startup’s DRHP. Including other income of ₹30.3 Cr, the total income stood at ₹1,324 Cr.

Atomberg’s total expenses increased 30.6% to ₹1,460 Cr in FY26 from ₹1,118.1 Cr in the previous fiscal year.

However, the company’s adjusted EBITDA loss narrowed 27.7% to ₹37.1 Cr from ₹51.4 Cr in FY25. Its adjusted EBITDA margin improved to -2.87% from -5.35% in the previous year.

Atomberg calculates adjusted EBITDA by adjusting its loss for tax expenses, finance costs, depreciation and amortisation, exceptional items, ESOP compensation costs, and other income. 

While the brand operates in multiple categories now, its home appliances segment, under which it sells fans, water purifiers, and smart locks, continues to be the revenue driver. The segment recorded a 23% YoY jump in its revenue to ₹1,153 Cr in FY26 amounting to 89.1% share in the total revenue pie. However, the segment’s share decreased from 97.6% share in the previous year.

This difference was covered by Atomberg’s kitchen appliance segment, under which it sells cold press juicers, mixer grinders, jars, and accessories. The segment’s revenue share increased to 9.6% from merely 2% in FY25. The segment generated a total revenue of ₹124 Cr in FY26, up 542% YoY from a revenue of ₹19.3 Cr in the previous fiscal.

Revenue from external customers in Atomberg’s proprietary components segment increased to ₹17.2 Cr in FY26 from ₹3.6 Cr in the previous fiscal year. The startup manufactures motors, stators, controllers, and PCB assemblies for enterprise customers and Atomberg’s other business segments under this.

Its segment loss nearly doubled to ₹37.4 Cr from ₹19.8 Cr amid continued investments in scaling the business.

While the proprietary components segment reported a total revenue of ₹156.4 Cr, about ₹139.2 Cr came from transactions with Atomberg’s other business segments and was eliminated at the consolidated level.

Speaking about distribution channels, Atomberg sells its products via ecommerce and quick commerce platforms, its own website, as well as offline retailers. 

Atomberg’s online revenue grew 53.4% to ₹456.5 Cr in FY26 from ₹297.5 Cr in the previous fiscal year. Offline revenue growth was comparatively slower, increasing 24.6% to ₹820 Cr from ₹658.3 Cr in FY25. 

Where Did Atomberg Spend?

Here’s a breakdown of the startup’s expenses during the year under review:

Cost Of Raw Material: This was the largest expense head, rising 33% to ₹672.2 Cr from ₹506.2 Cr in FY25, reflecting higher production and sales volumes as Atomberg scaled its appliance portfolio.

Employee Benefit Expenses: Employee costs rose 32% to ₹210 Cr from ₹158.7 Cr in the previous fiscal, as the startup expanded its workforce and continued investing in its operations and product development.

Marketing Expenses: Marketing expenditure climbed 30.2% to ₹135.4 Cr from ₹104 Cr as Atomberg continued investing in brand building, customer acquisition and the expansion of its offline and online distribution network.

Atomberg competes with the likes of Crompton Greaves Consumer Electricals, Havells India, Orient Electric, Bajaj Electrical, among others. 

The company filed its DRHP for an IPO comprising a fresh issue of shares worth up to ₹450 Cr and an OFS of up to 7.65 Cr equity shares.  

A91 partners, Temasek Holdings’s V-Sciences Investments, Inflexor Ventures, and Steadview Capital are among the investors looking to offload shares via the OFS. 

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