Business · Updated 16 Oct, 07:39 pm IST
Snabbit reports ₹167.8 Cr net loss in FY26 as operating revenue rises to ₹12.2 Cr
Why it matters for readers: Explains why a fast-growing startup can still report large losses due to heavy operating expenses.
- Snabbit’s net loss widened to ₹167.8 crore in FY26 from a loss of ₹5.7 crore in FY25.1
- Operating revenue increased to ₹12.2 crore in FY26 (platform services ₹10.8 crore; uniform sales ₹1.4 crore) from ₹26.3 lakh in FY25.1
- Total expenses for FY26 were ₹194.8 crore, with ₹63.1 crore for service professionals, ₹48.7 crore for marketing and ₹46 crore for employee benefits.1
- Including other income of ₹14.8 crore (largely interest on bank deposits and mutual fund gains), total income for the year was ₹27 crore.1
- Snabbit held ₹292.2 crore in cash and bank balances and ₹26.6 crore in mutual fund investments, totalling ₹318.9 crore at period end.1
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