Agri-tech firm Ninjacart reported operating revenue of Rs 1,634 crore in FY25, down from Rs 2,007 crore in FY24. Meanwhile, it’s losses remained largely flat at Rs 256 crore in FY25 compared to Rs 260 crore in FY24, despite the revenue decline, the company said in a statement.
Reason for low revenue
The Bengaluru-based firm which operates a tech-enabled platform connecting farmers with retailers and institutional buyers, attributed the decline in revenue to exiting select low-margin business segments, during the fiscal, to focus on profitability. The company said it has maintained cost discipline despite incurring fixed costs for the segments that have been discontinued.
Core business and strategic shift
It’s core fulfillment business serving retailers, traders, and quick-commerce players is growing over 100% year-on-year in FY26, the company added. These core businesses have already turned operationally profitable, the company said.
“We made conscious choices to streamline our business portfolio and redirect resources toward segments with stronger operating profitability and long-term potential,” said Kartheeswaran K.K., co-founder and CEO of Ninjacart.
The strategic shift led to improved gross and contribution margins during the year due to a more favourable business mix, the company added.
With a renewed focus on its core operations, Ninjacart is now targeting company-wide profitability during FY27.