Gurugram-based pet care startup Vetic reported a sharp rise in operating revenue in FY25 as it pursues aggressive expansion, but growing losses underline the challenge of scaling in India’s competitive organised pet-care market.
Revenue surges as organised pet care demand rises
Vetic’s operating revenue climbed to about Rs 63 crore in FY25, up from Rs 25.5 crore in FY24 — a nearly 2.5-fold increase. The growth reflects rising pet ownership and stronger demand for organised veterinary and related services in urban centres across India.
The company generates income from both product sales and services. Pet food and accessories accounted for roughly 46% of revenues, while clinical and non-clinical services — including consultations, grooming, vaccinations and surgeries — made up the remainder. Founded in 2022, Vetic has expanded to more than 40 centres in major cities and says it has served over 100,000 pets.
Costs rise with expansion, losses widen
Despite the revenue jump, Vetic’s net losses broadened to around Rs 66 crore in FY25 from Rs 40.2 crore in FY24. The deterioration stems largely from heavy spending on expansion and operating costs as the startup builds scale.
Employee benefits, clinical supplies and fees for veterinary professionals formed a substantial portion of expenses. Marketing outlays also increased sharply, signalling an emphasis on brand building and customer acquisition as Vetic establishes its network in key urban markets.
Unit economics and profitability remain under pressure
Unit economics stayed weak: the company reportedly spent over Rs 2 to earn every Rs 1 of revenue during the year. EBITDA margins remained negative, indicating that profitability is still some distance away and that efficiency improvements will be necessary as volumes increase.
Strategy and outlook
Vetic’s approach mirrors a common path among Indian consumer-healthcare startups: prioritise rapid geographic and service expansion backed by investor capital, with the expectation that unit economics will improve over time.
As India’s organised pet-care market matures, Vetic’s medium-term prospects will hinge on its ability to tighten cost structures, raise utilisation at existing centres and convert new customers into profitable lifetime users. Balancing growth with disciplined cost control will be critical for long-term sustainability in this competitive sector.
