Boat has announced a notable increase in its Profit After Tax (PAT) for the financial year ending FY26, which rose by 38% to Rs 84.5 crore, up from Rs 61.1 crore in the previous year. The company’s Profit Before Tax (PBT) also saw a substantial rise of 53%, reaching Rs 114.3 crore. Revenue from operations amounted to Rs 2,931 crore.
In addition to these financial gains, Boat’s wearables division transitioned from a segment loss to profitability, contributing positively to the overall results. Furthermore, the company’s international revenue more than doubled during this period, indicating strong growth in global markets.
Its Profit Before Tax increased from Rs 74.7 crore in FY25 to Rs 114.3 crore in FY26, according to the company. Profit After Tax rose from Rs 61.1 crore to Rs 84.5 crore during the same period. The company’s Return on Capital Employed (ROCE) increased from 11.5% in FY25 to 15.2% in FY26, an increase of 370 basis points. The company ended FY26 with approximately Rs 397 crore in cash reserves and zero bank debt, according to the company. Its inventory declined by around 10% to Rs 294 crore from Rs 326 crore a year earlier. Trade receivables remained at around Rs 255 crore. Finance costs fell from Rs 27.9 crore in FY25 to Rs 7.9 crore in FY26, a decline of around 72%. boAt said it repaid approximately Rs 60 crore of short-term borrowings during the year, with loans repayable on demand falling to nil by the end of FY26. The segment moved from a loss of approximately Rs 54 crore in FY25 to a profit of approximately Rs 7 crore in FY26. The company’s warranty expenses also declined by around 30%, falling from Rs 82.6 crore to Rs 57.5 crore. Meanwhile, the company’s Other segment, which includes categories such as charging solutions, cables and gaming products, reported a rise in segment profit from around Rs 14 crore to Rs 46 crore. Despite a broadly stable topline, PAT grew 38%, ROCE improved to 15.2%, and we closed the year with approximately ₹397 crore of cash reserves and zero bank debt. With a stronger balance sheet, tighter operating discipline and a healthy core business, we are getting ready for boAt 2.0 — taking our leadership in audio forward while building the next set of growth engines across international markets and new consumer-tech categories such as projectors, grooming and charging solutions.
Boat’s wearables business reported a turnaround during FY26.
Audio continues to be the foundation of Boat’s business, the company said. Commenting on the performance, Gaurav Nayyar, CEO, Boat, said: “FY26 was about strengthening the foundations of boAt while navigating a challenging external environment. More importantly, the improvement is visible across the business — we continue to consolidate our leadership in audio, wearables has turned profitable, and newer categories are beginning to emerge as meaningful growth and profit pools. Our focus now shifts from turnaround to growth. The ambition is to build boAt into a broader, enduring consumer technology company from India. ” Get the latest technology news and updates. Download the TOI App.