This Mumbai-based consumer appliances brand founded by IITians has reached Rs 958 Cr operating revenue in FY25, up from ₹796 Cr in FY24

Consumer appliances brand Atomberg Technologies has crossed Rs 1,000 crore in total income for the first time. 

The company’s operational revenue grew 20% year-on-year to Rs 958.4 crore, while net losses reduced sharply to Rs 117.4 crore. 

This improvement was driven mainly by tighter control over costs, especially a major reduction in employee expenses. 

About Atomberg Technologies and how the company evolved

Atomberg Technologies was founded in 2012 by IIT Bombay graduates Manoj Meena and Sibabrata Das. The company initially worked on advanced technology projects for research labs. In 2015, it shifted focus to the consumer market with the launch of BLDC ceiling fans that consume much less electricity than traditional fans.

This shift helped Atomberg stand out in a market dominated by large and long-established appliance brands. 

Headquartered in Mumbai, Atomberg built its brand mainly through online sales and digital marketing before gradually expanding into offline retail.

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Atomberg FY25 revenue growth and funding background

In FY25, Atomberg generated Rs 958.4 crore from its core operations, which include fans and other home appliances. Fans continued to contribute the largest share of revenue, while newer product categories are still growing. The company does not earn income from services, so all its main revenue comes from selling products.

Atomberg also reported Rs 42.45 crore as non-operating income, mainly from interest on investments and asset sales. This took its total income to Rs 1,000.9 crore for the year.

For comparison, Atomberg’s operational revenue in FY24 stood at Rs 796.9 crore, as per its RoC consolidated filing. Based on this figure, FY25 revenue growth works out to around 20%. In FY23, the company reported operational revenue of Rs 645 crore.

To support its growth plans, Atomberg has raised over $150 million in funding since inception. Its largest round came in 2023, when it raised $86 million from investors such as Temasek, Steadview Capital, and A91 Partners. 

In December 2025, the company raised another $24 million in an extension round led by Temasek, with participation from the founders. The capital has been used for product development, inventory build-up, and expanding distribution.

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Atomberg FY25 expenses and cost structure explained simply

Raw material costs remained the largest expense for Atomberg in FY25. The company spent Rs 535.2 crore on materials, accounting for around 61% of total expenses. This rise was in line with higher sales volumes and increased production.

The biggest change came from employee-related costs. Employee benefit expenses fell sharply from Rs 248.3 crore in FY24 to Rs 158.6 crore in FY25, a drop of Rs 89.7 crore. This reduction played a key role in lowering overall losses. While the company has not shared specific details, this likely followed staff rationalisation after a period of rapid hiring in earlier years.

Marketing and advertising expenses increased to Rs 104 crore as Atomberg continued investing in brand awareness and offline expansion. Warranty costs rose to Rs 53.8 crore, reflecting a larger base of products in use. 

Other expenses such as logistics, sales commissions, IT systems, and depreciation pushed total expenses for the year to Rs 1,118.3 crore.

Atomberg profit, loss, and margins in FY25

Atomberg reported a net loss of Rs 117.4 crore in FY25, compared to a net loss of Rs 199 crore in FY24. The 41% reduction in losses was mainly due to lower employee costs, which helped offset higher spending linked directly to revenue growth.

The company’s EBITDA margin improved to minus 6.62%, showing better performance at the operating level, even though it remains loss-making. Return on capital also improved compared to earlier years. Atomberg ended FY25 with current assets worth Rs 594.5 crore, including Rs 27.3 crore in cash, giving it a stable financial position.

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Atomberg year-on-year financial performance

Atomberg’s financials over the last three years show a clear shift from aggressive expansion toward better cost control. In FY23, the company reported operational revenue of Rs 645 crore and a net loss of Rs 202 crore as it spent heavily on growth.

In FY24, operational revenue increased to Rs 796.9 crore, but the company continued to post a high net loss of Rs 199 crore. While the core business showed improvement, overall losses remained elevated due to scaling costs and employee-related expenses.

In FY25, revenue rose to Rs 958.4 crore, while net losses fell sharply to Rs 117.4 crore. This shows that Atomberg is now focusing more on controlling costs and improving efficiency rather than only chasing high growth.

Atomberg IPO plans 

Atomberg is planning to launch its IPO in the first quarter of FY26 and aims to raise around Rs 2,000 crore. Investment banks Avendus Capital and IIFL are expected to manage the public issue. The company’s improving financial performance and strong brand presence will be key as it prepares to enter the public markets.

The recent $24 million funding round has strengthened Atomberg’s balance sheet and provided more room to invest in new products and offline expansion. 

With a continued focus on product development, wider distribution, and cost discipline, Atomberg is working toward reducing losses further while building a large and sustainable home appliances business in India.

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