Atomberg Technologies, an Indian startup in consumer appliances gearing up for its IPO, reported a consolidated net loss increase of nearly 27% to ₹148.9 crore for the fiscal year ending March 2026. This widened loss came despite a robust 34.8% jump in operating revenue, highlighting the startup's aggressive expansion amid competitive pressures.
- Net loss widened 26.8% to ₹148.9 Cr in FY26
- Revenue jumped 34.8% to ₹1,293.8 Cr driven by appliances expansion
- IPO planned with fresh share issue up to ₹450 Cr and OFS from key investors
What happened
Atomberg Technologies reported a consolidated net loss of ₹148.9 crore for FY26, representing a 26.8% increase compared to the previous fiscal year. This loss expansion occurred even as the startup recorded a strong rise in operating revenue, which climbed by nearly 35% to ₹1,293.8 crore. Including other income, total income reached ₹1,324 crore, but total expenses also surged 30.6% to ₹1,460 crore due to scaling efforts.
The adjusted EBITDA loss narrowed by 27.7% to ₹37.1 crore, and margins improved to -2.87% from -5.35%. Atomberg's revenue growth was led by its home appliances segment, which accounts for nearly 90% of total revenue, alongside a rapidly expanding kitchen appliances division that grew over 500% year-over-year. The company manufactures proprietary components, though this segment remains loss-making amid ongoing investments.
Why it matters
The widened losses alongside accelerating revenue illustrate Atomberg’s strategy to invest aggressively in product portfolio expansion, manufacturing capabilities, and distribution presence ahead of its IPO. Continued spending on raw materials, marketing, and employee benefits reflects the startup’s focus on scaling market share in a competitive consumer appliances industry.
Atomberg operates in categories dominated by established players like Crompton Greaves, Havells, and Bajaj Electricals. Its improving adjusted EBITDA margins suggest progress towards profitability, but the current losses underline the challenges startups face in balancing growth with cost control. The company’s upcoming IPO via fresh issuance and OFS signifies a critical step to fuel its expansion and realize investor exits.
What to watch next
Market participants will closely monitor Atomberg’s IPO execution, which includes a fresh share issue worth up to ₹450 crore and an offer for sale involving major investors such as A91 Partners and Temasek's V-Sciences. The capital raised could accelerate product innovation and boost distribution domestically and potentially internationally.
Future quarterly results will reveal whether Atomberg can sustain rapid revenue growth while narrowing losses further. The performance of its kitchen appliances segment and scaling of proprietary component sales will also be key indicators of diversification success. Additionally, the balance between online and offline sales channels will be watched as the sector increasingly integrates omni-channel engagement.