Atomberg Technologies reported robust financials for the year ended March 2025, with operating revenue rising to ₹958.4 crore from ₹796.9 crore in FY24, a nearly 20% year-on-year increase. Including non-operating income, the Mumbai-based consumer appliances maker crossed ₹1,000 crore in total income for the first time.
Roots in IIT research, shift to energy-efficient appliances
Founded in 2012 by IIT Bombay alumni Manoj Meena and Sibabrata Das, Atomberg began as a technology-focused engineering venture. In 2015 the company pivoted to consumer appliances, launching BLDC (brushless DC) ceiling fans touted for lower power consumption compared with conventional induction-motor fans.
As household electricity costs rose, demand for energy-efficient products strengthened. Atomberg initially built traction through online channels and subsequently expanded its offline retail footprint across urban and semi-urban India, increasing consumer awareness and acceptance of its technology-led offerings.
Product diversification and market expansion
While BLDC fans remain the largest revenue contributor, Atomberg has broadened its portfolio to include mixer grinders, water purifiers, smart locks and other kitchen and home appliances. This diversification reduces reliance on a single product line and opens multiple household categories for growth.
In FY25 the company stepped up investments in marketing and distribution, with advertising and promotional spends crossing ₹100 crore as it sought stronger brand recall against established incumbents.
Improving margins and narrower losses
Atomberg remained loss-making but showed significant improvement in profitability. Net loss narrowed to about ₹117 crore in FY25 from ₹199 crore in FY24, driven primarily by disciplined control of employee costs and other operating expenses.
Raw materials accounted for over 60% of total costs, reflecting higher production volumes. Still, better supply-chain management and scale efficiencies supported improved operating margins and stronger EBITDA performance, indicating progress toward breakeven as revenues expand.
Funding, capacity build-up and IPO plans
The company has raised more than $150 million from domestic and global investors to scale manufacturing, widen retail distribution and accelerate product development. Atomberg is reportedly preparing for an initial public offering, tentatively planned in the coming financial year, which would bolster its balance sheet and fund further expansion.
What this means for the sector
Atomberg’s FY25 results reflect wider shifts in Indian consumer preferences toward energy-efficient and smart appliances. Its steady revenue growth, narrowing losses and product expansion position the firm as a leading homegrown challenger in the fast-growing consumer appliances market, and a notable example for innovation-led hardware startups in India.
