boAt reports 38% profit growth to Rs 84.5 crore in FY26, wearables drive success

Peripherals firm boat on Wednesday reported a 38% growth in its profit after tax at Rs 84.5 crore in the financial year 2025-26, boosted by higher demand for its wearables products.

Its PAT (profit after tax) stood at Rs 61.1 crore in the preceding fiscal year and its revenue from operations stood at Rs 2,931 crore, PTI reported.

The company's wearables business recorded a profit of about Rs 7 crore in FY26, compared to a loss of Rs 54 crore in FY25.


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"FY26 was about strengthening the foundations of boAt while navigating a challenging external environment,' CEO Gaurav Nayyar said, adding that the company closed the year with approximately Rs 397 crore of cash reserves and zero bank debt.

"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," Nayyar said.

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Profit from the company’s segment of peripherals, which includes categories such as charging solutions, cables, and gaming devices also rose from Rs 14 crore in the previous year to Rs 46 crore.

Its revenue more than double its revenue to Rs 45 crore from Rs 20 crore in the previous year.

The company is set to go public, with India's market regulator having approved the IPO for Imagine Marketing, the parent company, targeting a valuation of around $1.5 billion.