boAt FY26 net profit soars 38% to Rs 84.5 Cr
The company's wearables business turned profitable during the year. The segment recorded a profit of about Rs 7 crore in FY26, compared to a loss of Rs 54 crore in FY25.
Consumer electronics brand boAt on Wednesday reported a 38% growth in its profit after tax at Rs 84.5 crore in the financial year 2025-26. The company, owned by Imagine Marketing Limited, had posted a PAT (profit after tax) of Rs 61.1 crore in the preceding fiscal year.
The company's revenue from operations stood at Rs 2,931 crore in FY26, boAT said in a statement.
The company's wearables business turned profitable during the year. The segment recorded a profit of about Rs 7 crore in FY26, compared to a loss of Rs 54 crore in FY25.
"FY26 was about strengthening the foundations of boAt while navigating a challenging external environment... We closed the year with approximately Rs 397 crore of cash reserves and zero bank debt... improvement is visible across the business...newer categories are beginning to emerge as meaningful growth and profit pools.
"Our focus now shifts from turnaround to growth. With a stronger balance sheet, tighter operating discipline and a healthy core business, we are getting ready for boAt 2.0 — taking our leadership in audio forward while building the next set of growth engines across international markets and new consumer-tech categories such as projectors, grooming and charging solutions," boAt CEO Gaurav Nayyar said.
The company's 'other' segment, which includes categories such as charging solutions, cables, and gaming, saw its profit increase to Rs 46 crore from Rs 14 crore in the year-ago period.
On the international front, the brand's revenue more than doubled to Rs 45 crore, up from approximately Rs 20 crore in FY25.
India’s consumer-electronics industry continues to expand, supported by rising digital adoption, higher disposable incomes and demand for connected devices. One recent industry estimate puts the Indian consumer-electronics and wearables sector at around $28 billion in FY26, with an estimated 14% CAGR for FY26–30.
The industry is also seeing a gradual shift towards domestic manufacturing and greater local value addition, supported by government incentives such as the Production Linked Incentive (PLI) schemes.
Within wearables and hearables, however, the market is becoming more mature and competitive. Industry research indicates that consumers are moving away from basic, undifferentiated devices and towards products offering better experiences, health-related features and stronger integration with other devices.
(With inputs from PTI)