Results · Commerce & Consumer Brands

Curefoods reports FY26 revenue of Rs 916 crore

By Startup Enthusiast · 18 September 2026

What they do

Curefoods operates a network of cloud kitchens, kiosks, and restaurants managing multiple food brands including EatFit, Sharief Bhai, and Nomad Pizza

The company reported an operating revenue of Rs 916 crore for FY26, marking a 23% increase, alongside a net loss of Rs 192 crore

Despite improved operating margins, the company has paused its Rs 800 crore IPO plans due to volatile market conditions

Curefoods reported operating revenue of Rs 916.2 crore in FY26, a 23% increase from Rs 745.8 crore in FY25.
The company's net loss widened to Rs 192.2 crore in FY26, up 13% from Rs 170 crore in the previous fiscal year.
Curefoods' EBITDA loss narrowed to Rs 69.3 crore from Rs 86 crore in FY25, with EBITDA margin improving to negative 7.6% from negative 11.5%.
India remained Curefoods' core market, contributing Rs 893.3 crore in revenue, while overseas revenue surged 4X to Rs 22.85 crore.
The company's total expenditure rose 19% to Rs 1,127 crore, driven by higher material, employee benefit, and commission costs.
Curefoods had previously received SEBI approval for its proposed Rs 800 crore IPO but put the plan on hold due to market volatility.
The company's cash and bank balance declined 51% to Rs 39.4 crore at the end of FY26.

Curefoods' improved EBITDA margins suggest better cost absorption as the business scales, but the gap between operating performance and the bottom line remains significant.
The company's operating model relies on shared kitchen infrastructure, which allows for unit economics to improve before marketing spend.
Despite revenue growth, Curefoods has yet to establish a clear path to sustainable profitability, raising questions about its IPO prospects.

Curefoods is a multi-brand cloud kitchen company that operates a shared network of 281 cloud kitchens, 99 kiosks, and 122 restaurants.
The company builds and scales multiple F&B brands across healthy meals, biryani, pizza, desserts, and celebration cakes.
Curefoods' brand portfolio includes Eatfit, Sharief Bhai Biryani, OLIO, Arambam, Nomad Pizza, CakeZone, Frozen Bottle, and Krispy Kreme.
Each brand is designed around a specific occasion — health, biryani, dessert, celebration — with category depth over breadth.
Curefoods' brands are listed on major food delivery platforms like Swiggy and Zomato, and some also operate dedicated apps and dine-in stores.
The company's core purpose is to create iconic food brands that customers choose, remember, and come back to.

Product: cloud kitchen firm
Customers: Consumers ordering prepared food through delivery and dining channels.
How it makes money: Sells branded food through its kitchen and delivery network.
What sets it apart: Portfolio across multiple popular food brands and formats.