Atomberg Technologies’ revenue from operations jumped 34.8% year-on-year to ₹1,293.77 crore in FY26, bringing the consumer-appliance company’s annual revenue close to the ₹1,300 crore mark. However, the strong topline growth was accompanied by a 27.4% increase in net loss to ₹148.88 crore, according to financial disclosures in the company’s draft red herring prospectus (DRHP) filed for its proposed initial public offering.
The Mumbai-based company, known for its energy-efficient BLDC and smart fans, has expanded into mixer grinders, water purifiers, juicers and smart locks. Home appliances remained its largest revenue contributor in FY26, while its kitchen-appliance business recorded much faster growth. At the same time, higher material, employee and marketing expenses kept the company in the red, although its adjusted EBITDA loss improved during the year.
Atomberg Revenue Grows 34.8% To ₹1,293.77 Crore
Atomberg’s operating revenue increased from ₹959.51 crore in FY25 to ₹1,293.77 crore in FY26, representing a 34.8% year-on-year increase.
The growth marks a significant expansion for the consumer-appliance startup as it broadens its product portfolio beyond its original smart-fan business.
Atomberg Financial Performance
| Financial Metric | FY25 | FY26 | Change |
|---|---|---|---|
| Revenue from operations | ₹959.51 crore | ₹1,293.77 crore | +34.8% |
| Total income | About ₹1,001 crore | About ₹1,324 crore | +32.3% |
| Total expenditure | ₹1,118 crore | ₹1,460 crore | +30.6% |
| Net loss | ₹117 crore* | ₹148.88 crore | +27.4% |
| Adjusted EBITDA | ₹51.35 crore | ₹37.12 crore | Declined |
| EBITDA margin | -6.35% | -3.86% | Improved |
*The ₹117 crore FY25 loss figure is reported in Entrackr’s financial analysis, while the DRHP also presents restated financial figures under its accounting framework. The figures should therefore be read in the context of the company’s reported financial statements.
Despite the increase in losses, Atomberg’s revenue growth outpaced the increase in total expenditure, indicating some improvement in operating efficiency.
Home Appliances Remain The Core Revenue Driver
Home appliances continued to account for the overwhelming majority of Atomberg’s operating revenue in FY26.
The segment generated ₹1,153 crore, representing nearly 89% of operating revenue. Revenue from home appliances increased 23.1% from ₹937 crore in FY25.
This category includes Atomberg’s core fan business, which remains central to its consumer-appliance strategy.
Revenue By Business Segment
| Segment | FY25 Revenue | FY26 Revenue | Growth |
|---|---|---|---|
| Home appliances | ₹937 crore | ₹1,153 crore | +23.1% |
| Kitchen appliances | ₹19.3 crore | ₹124 crore | More than 6x |
| Proprietary components | ₹3.63 crore | ₹17.2 crore | More than 4x |
| Operating revenue | ₹959.51 crore | ₹1,293.77 crore | +34.8% |
The numbers show that Atomberg’s expansion into new categories is beginning to contribute meaningfully to the topline, although home appliances remain by far the company’s largest business.
Kitchen Appliances Become A Fast-Growing Business
Atomberg’s kitchen-appliance business delivered the fastest growth during FY26.
Revenue from the segment increased more than sixfold to ₹124 crore from ₹19.3 crore in FY25.
The growth reflects the company’s strategy of using its consumer brand and distribution network to move into adjacent home and kitchen categories.
The expansion also reduces Atomberg’s dependence on fans over the longer term, although the company’s revenue mix remains heavily weighted toward home appliances.
Business Mix In FY26
| Business | FY26 Revenue | Approx. Share Of Operating Revenue |
|---|---|---|
| Home appliances | ₹1,153 crore | ~89.1% |
| Kitchen appliances | ₹124 crore | ~9.6% |
| Proprietary components | ₹17.2 crore | ~1.3% |
| Total | ₹1,293.77 crore | 100% |
The figures indicate that kitchen appliances are becoming a meaningful second growth engine, even though they remain much smaller than the company’s core business.
Proprietary Components Revenue Also Rises
Atomberg also generates revenue by supplying proprietary components through its subsidiary, Atomberg Innovations.
Revenue from this business increased to ₹17.2 crore in FY26 from ₹3.63 crore in FY25.
The company supplies motors and controllers to enterprise customers, including Voltas, Godrej and Blue Star, giving Atomberg an additional business-to-business revenue stream alongside its consumer products.
This component business remains relatively small in comparison with Atomberg’s consumer operations, but it reflects the company’s technology and engineering capabilities.
Total Income Crosses ₹1,300 Crore
In addition to operating revenue, Atomberg generated around ₹30 crore in other income during FY26.
That took total income to approximately ₹1,324 crore, compared with about ₹1,001 crore a year earlier.
The difference between operating revenue and total income is important when assessing the company’s underlying business growth because the bulk of Atomberg’s income continues to come from selling its products and components.
Income Breakdown
| Income Component | FY26 |
|---|---|
| Revenue from operations | ₹1,293.77 crore |
| Other income | About ₹30 crore |
| Total income | About ₹1,324 crore |
The growth in operating revenue therefore remains the primary driver behind Atomberg’s expansion.
Why Losses Rose Despite Strong Revenue Growth
Atomberg’s revenue growth did not translate into a lower net loss.
The company’s net loss increased 27.4% to ₹148.88 crore in FY26, according to the financial disclosures.
A major reason was the increase in operating costs. Total expenditure rose 30.6% to ₹1,460 crore from ₹1,118 crore.
Materials remained Atomberg’s largest expense, while employee costs and other operating expenses also increased.
Major Expense Categories
| Expense | FY26 | FY25 | Growth |
|---|---|---|---|
| Materials | ₹738 crore | ₹535 crore | +37.9% |
| Employee benefits | ₹210 crore | ₹159 crore | +32.1% |
| Advertising and promotion | ₹135 crore | — | — |
| Labour charges | ₹57 crore | — | — |
| Depreciation & amortisation | ₹71 crore | — | — |
| Total expenditure | ₹1,460 crore | ₹1,118 crore | +30.6% |
Materials alone accounted for 50.55% of Atomberg’s total expenditure in FY26.
Material Costs Rise Faster Than Revenue
The 37.9% increase in material costs was faster than Atomberg’s 34.8% revenue growth.
Materials expenditure rose from ₹535 crore in FY25 to ₹738 crore in FY26.
This represents one of the key pressures on the company’s profitability. Even though Atomberg generated substantially more revenue, a large portion of the additional sales was absorbed by higher input costs.
Revenue Vs Key Cost Growth
| Metric | FY26 Growth |
|---|---|
| Revenue from operations | +34.8% |
| Total expenditure | +30.6% |
| Material costs | +37.9% |
| Employee expenses | +32.1% |
The comparison suggests that controlling material costs will remain important if Atomberg is to turn its expanding topline into sustainable profits.
Employee Costs Increase 32%
Employee benefit expenses rose 32.1% to ₹210 crore from ₹159 crore.
The increase is consistent with a company investing in product development, technology, sales, distribution and corporate functions as it expands into more categories and markets.
However, employee costs are also an important fixed or semi-fixed expense for a technology-led consumer brand.
As Atomberg scales, investors will likely watch whether revenue growth begins to outpace personnel-cost growth.
Advertising Spending Reaches ₹135 Crore
Brand building is another major expense for Atomberg.
The company spent ₹135 crore on advertising and promotional activities in FY26.
The spending comes as Atomberg competes with established consumer-appliance brands such as Havells, Crompton and Usha while attempting to build recognition across additional product categories.
Higher marketing expenditure can weigh on short-term profitability but may help the company expand its customer base and establish its newer categories.
The key question for investors is whether the additional spending can produce sufficient incremental revenue and customer lifetime value.
Adjusted EBITDA Loss Narrows
Although Atomberg’s net loss increased, its adjusted EBITDA performance showed improvement.
Adjusted EBITDA improved to ₹37.12 crore in FY26 from ₹51.35 crore in FY25, while the company continued to report a negative adjusted EBITDA margin.
Entrackr reported that Atomberg’s EBITDA margin improved to -3.86% from -6.35% a year earlier.
Profitability Indicators
| Metric | FY25 | FY26 |
|---|---|---|
| Adjusted EBITDA | ₹51.35 crore | ₹37.12 crore |
| EBITDA margin | -6.35% | -3.86% |
| ROCE | -24.50% | -22.08% |
| Operating revenue per ₹1 spent | ₹0.86* | ₹0.89* |
*The operating-efficiency interpretation is based on Entrackr’s reported unit economics, which said Atomberg spent ₹1.13 to generate every ₹1 of operating revenue in FY26, compared with ₹1.16 in FY25.
The improvement in EBITDA margin suggests that the company’s operating economics are moving in the right direction even though it remains loss-making at the net-profit level.
Atomberg’s IPO Plans Put The Financials In Focus
Atomberg has filed its DRHP for an IPO comprising a fresh issue of up to ₹450 crore and an offer for sale of up to 7.65 crore shares.
The IPO comes at an important stage for the company because investors will have access to detailed financial information for the first time through the public-market process.
Proposed IPO Structure
| IPO Component | Proposed Size / Use |
|---|---|
| Fresh issue | Up to ₹450 crore |
| Offer for sale | Up to 7.65 crore shares |
| Potential pre-IPO placement | Up to ₹90 crore |
| Brand awareness & performance marketing | ₹150 crore |
| Research & development | ₹100 crore |
| Debt repayment | ₹90 crore |
| Remaining proceeds | General corporate purposes |
The proposed allocation indicates that the IPO is primarily intended to support growth, brand building and product development, while also providing some funds for debt repayment.
Atomberg Has Built A Large Distribution Network
The company’s financial growth has been accompanied by a significant expansion of its distribution footprint.
As of March 2026, Atomberg had approximately 626 distributors and direct dealers and 46,932 retail touchpoints across nearly 1,600 cities and towns. Its service network covered more than 18,000 pin codes.
Tier 2 and smaller cities accounted for 49.57% of its offline consumer-appliance revenue in FY26, while metropolitan cities contributed 30.91% and Tier 1 cities accounted for 19.52%.
Atomberg’s Distribution Reach
| Distribution Metric | As Of March 2026 |
|---|---|
| Distributors/direct dealers | ~626 |
| Retail touchpoints | 46,932 |
| Cities and towns | Nearly 1,600 |
| Service coverage | 18,000+ pin codes |
| Tier 2 & smaller-city share of offline revenue | 49.57% |
| Metro share | 30.91% |
| Tier 1 share | 19.52% |
The geographic distribution shows that Atomberg’s growth is not limited to India’s largest cities.
Premium Fans Remain A Major Competitive Advantage
Despite its expansion into other categories, Atomberg continues to have a strong position in premium fans.
A Redseer report cited in the DRHP estimated that Atomberg held a 46.08% share of India’s premium fan segment in FY26 based on cumulative sales value at market operating price.
That position gives the company an established base from which to introduce adjacent products.
The challenge will be determining whether Atomberg can replicate its success in premium fans across kitchen appliances and other home categories.
Growth Comes Ahead Of A Competitive IPO
Atomberg is entering the IPO market while competing with established consumer-appliance companies and other newer brands.
Its financial profile presents a mixed picture: revenue is growing rapidly, the business is expanding beyond fans, and operating efficiency has improved. At the same time, net losses remain substantial and some major costs are growing quickly.
For prospective investors, the central issue will be whether the company’s current investments in products, distribution and brand building can eventually generate operating leverage.
The Bigger Picture
Atomberg’s FY26 financial performance reflects the trade-off between rapid expansion and profitability. Revenue from operations climbed 34.8% to ₹1,293.77 crore, while total income reached about ₹1,324 crore. However, total expenditure rose 30.6% to ₹1,460 crore and net loss increased 27.4% to ₹148.88 crore. Materials alone cost ₹738 crore, making them the company’s largest expense.
The company’s proposed IPO comes as Atomberg attempts to turn its strong position in premium fans into a broader consumer-appliance franchise. With nearly 47,000 retail touchpoints, a service network covering more than 18,000 pin codes and rapidly growing kitchen-appliance revenue, the company has built considerable scale. The next stage will depend on whether it can convert that scale into sustainable profitability while controlling material, employee and marketing costs.
Looking Ahead
Atomberg’s IPO will put greater focus on the company’s ability to balance growth with profitability. The ₹450 crore fresh issue is expected to support brand building, research and development, debt repayment and other corporate requirements, while the offer for sale will allow existing shareholders to sell part of their holdings.
For investors, the most important indicators will be revenue growth, adjusted EBITDA, material costs, marketing efficiency and the company’s progress toward reducing its net loss. Atomberg’s FY26 numbers show strong demand and expanding scale, but the company still needs to demonstrate that its growing revenue base can produce consistent profits as it expands beyond its core smart-fan business.
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