Results · Commerce & Consumer Brands

DailyObjects projects FY26 revenue to double

By Startup Enthusiast · 20 March 2026

What they do

DailyObjects sells bags, wallets, organisers and desk accessories online and in stores

The company expects FY26 net revenue of ₹220-230 Cr, up from ₹111 Cr in FY25, and aims for EBITDA profitability

Repeat customers make up 52% of its base, and 40-45% of demand comes from Tier II and III cities

DailyObjects projects its FY26 net revenue to double to ₹220-230 Cr from ₹111 Cr in FY25.
The company's FY25 operating revenue was ₹111 Cr, up 30% from ₹84.4 Cr in FY24.
Its FY25 operating revenue increased 30% to ₹111 Cr from ₹84.4 Cr in FY24.
The CEO expects the company to achieve EBITDA profitability by FY26 (year ending March 31, 2026).
Gross margins during FY26 are projected at 4-5%.
The company recently raised ₹25 Cr in debt from Trifecta Capital for general business purposes.
DailyObjects plans to open 20 more retail stores this year in cities like Hubballi, Visakhapatnam, Chennai, Pune and Guwahati.

The revenue projection signals strong growth momentum after a 30% increase in FY25.
The widening loss and thin gross margins highlight the challenge of scaling profitably in the D2C accessories space.
The company's focus on Tier II/III cities (40-45% of demand) and high repeat rate (52%) indicate a loyal customer base.

DailyObjects started in 2012 as an online store for smartphone and tablet accessories.
It now sells bags, wallets (35% of sales), organisers, watch bands and desk accessories.
Sales channels: own website >50%, ecommerce channels 30%, corporate gifting 10-12%.
It has 9 retail stores in Tier I cities (Delhi-NCR, Bengaluru), profitable since the first month.
The company has tie-ups with ~250 authorised Apple retail stores and plans to add 150-200 more this year.
It recently launched select SKUs on quick commerce platform Blinkit, but quick commerce is unlikely to become a core channel.
Current SKU count is 50 core products; the company plans to grow existing lines rather than launch new SKUs soon.

Trifecta Capital (lead) — A venture debt fund that provided ₹25 Cr debt to DailyObjects.
360 ONE Asset (lead) — Led the Series B round of $10 Mn in 2024.