Captain Fresh Turns Profitable in FY25 with ₹42.4 Cr Net Profit; Revenue Surges 145% Ahead of IPO Plans
In a remarkable turnaround ahead of its much-anticipated IPO, B2B seafood supply chain startup Captain Fresh has reported profitability for the first time in FY25. The Bengaluru-based company posted a consolidated net profit of ₹42.4 crore, compared to a net loss of ₹229 crore in FY24, according to its latest filings with the Registrar of Companies (RoC).
Captain Fresh Achieves Strong Financial Turnaround
The financial performance in FY25 marks a significant milestone for Captain Fresh, which has successfully transformed its operations from loss-making to profit-generating within a year. The turnaround can be attributed to efficient cost management, scaling of operations, and robust demand for seafood in both domestic and international markets.
The company’s operating revenue soared 145% year-on-year (YoY) to ₹3,421 crore in FY25, up from ₹1,395 crore in FY24. Including other income of ₹44.8 crore, Captain Fresh reported a total income of ₹3,466 crore for the fiscal year under review.
This surge in revenue showcases the company’s strong positioning in the seafood supply chain ecosystem and its ability to cater to growing demand across multiple geographies.
Expenditure Grows, But Profitability Maintained
Despite the rapid increase in scale, Captain Fresh’s total expenditure rose 109.6% YoY to ₹3,342 crore in FY25 from ₹1,594 crore in FY24. The rise in costs was primarily driven by higher operational and employee expenses as the startup expanded its sourcing, logistics, and export network.
However, the company’s ability to outpace expense growth with a much stronger rise in revenue was key to achieving profitability. This reflects improved operational efficiency and better unit economics in its rapidly growing supply chain model.
Positive EBITDA Highlights Operational Strength
Captain Fresh also reported a positive EBITDA of ₹123.8 crore for FY25, marking a sharp improvement from an EBITDA loss of ₹171.9 crore in FY24. This milestone underscores the company’s operational resilience and its progress toward sustainable growth.
The EBITDA margin improvement signals that Captain Fresh’s business model is maturing, with efficiencies being realized across procurement, processing, and distribution channels.
IPO Preparations and Growth Outlook
The company’s return to profitability comes at a crucial time as Captain Fresh gears up for its upcoming IPO. With strong revenue growth, improved margins, and expanding international reach, the startup is well-positioned to attract investor confidence.
Founded in 2019, Captain Fresh operates as a B2B seafood and animal protein marketplace, connecting producers with retailers, exporters, and institutional buyers. The company leverages technology to optimize seafood procurement, ensure quality consistency, and minimize waste — a key differentiator in a traditionally fragmented industry.
Conclusion
Captain Fresh’s FY25 performance highlights a textbook example of how efficient scaling and disciplined financial management can transform a startup’s financial trajectory. With a ₹42.4 crore net profit, a 145% revenue jump, and positive EBITDA, the company has not only achieved a turnaround but also strengthened its footing as a leading player in India’s agritech and seafood supply chain sector.
As Captain Fresh readies for its public debut, all eyes are now on how it sustains this profitability momentum while expanding further into global markets.
Keywords: Captain Fresh FY25 results, Captain Fresh IPO, Captain Fresh profitability, Captain Fresh revenue growth, B2B seafood startup, Captain Fresh EBITDA, Indian agritech startup, Captain Fresh FY25 profit, Captain Fresh financial performance, seafood supply chain India.
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