Results · Commerce & Consumer Brands
GoBoult Audio reports Rs 763 crore revenue and Rs 24 crore profit in FY25
By Startup Enthusiast ·
- Date
- Company
- GoBoult Audio
- What it does
- wireless audio devices
- Kind
- Results
- Amount
- ₹24 crore
- Founded
- 2017
What they do
GoBoult Audio designs and sells wireless earbuds, headphones, smartwatches, and speakers
What happened
In FY25, the company reported revenue of Rs 763 crore and a net profit of Rs 24 crore
Why it matters
Despite slower growth compared to earlier years, GoBoult improved profitability through cost control
The details
- GoBoult Audio reported revenue of Rs 763 crore in FY25, up 10% from Rs 697 crore in FY24.
- The company’s net profit jumped to Rs 24 crore in FY25 from Rs 2.5 crore in FY24.
- Material expenses, which are entirely import-dependent, declined 2.7% to Rs 391 crore in FY25.
- Employee benefit expenses increased 29.6% to Rs 35 crore in FY25.
- Advertising and promotional expenses rose 9.3% to Rs 177 crore in FY25.
- GoBoult’s EBITDA margin stood at 6.6% in FY25.
- The company’s total expenditure was Rs 731 crore in FY25.
The bigger picture
- GoBoult Audio’s performance contrasts with other wearables companies like boAt and Noise, which reported flat or declining revenue.
- The wearables market in India has moved beyond its hyper-growth phase, and companies are now focusing on profitability.
- GoBoult’s disciplined cost management helped improve its profitability despite slower revenue growth.
- The company has remained unfunded so far, unlike many venture-backed rivals in the sector.
About the business
- GoBoult Audio designs and sells wireless earbuds, headphones, smartwatches, and speakers.
- The company’s revenue comes entirely from the sale of these products.
- Material expenses, which are entirely import-dependent, are the biggest component of its costs.
- GoBoult’s cost management strategies have helped improve its profitability.
- The company has not raised external funding so far.
The deal
- Type
- results
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