boAt's FY26 Profit Rises 38% to ₹85 Cr, Wearables Segment Turns Profitable
Consumer electronics firm boAt reported a 38% increase in profit after tax (PAT) to ₹84.5 Cr for the financial year ending March 2026. The company's wearables segment also achieved profitability.
Indian consumer electronics startup boAt saw its profit after tax (PAT) climb by 38% to ₹84.5 Cr in the financial year ended March 2026, up from ₹61.1 Cr in the preceding fiscal year. This profit growth occurred even as operating revenue saw a slight decrease of nearly 5%, falling to ₹2,931 Cr from ₹3,073.3 Cr in FY25.
The company attributed the improved bottom line to strategic measures implemented across product quality, sourcing, channel management, and cost efficiencies. Notably, finance costs were significantly reduced by approximately 72% to ₹7.9 Cr, a decrease from ₹27.9 Cr in the prior fiscal year, following the repayment of about ₹60 Cr in short-term borrowings. boAt concluded FY26 with substantial cash reserves of approximately ₹397 Cr and no outstanding bank debt.
In a significant development, boAt’s wearables segment, which includes smartwatches and fitness trackers, turned profitable. It posted a segment profit of about ₹7 Cr for FY26, a substantial improvement from a loss of approximately ₹54 Cr in the previous year. The company's 'Other' segment, comprising charging solutions, cables, and gaming products, also showed strong performance, with its profit more than tripling to ₹46 Cr.
Looking ahead, boAt is focusing on its 'boAt 2.0' strategy to establish new growth avenues. This involves expanding into international markets and adjacent consumer technology categories such as projectors and personal grooming products. CEO Gaurav Nayyar stated the company's ambition is to evolve into a broader, enduring Indian consumer technology company.