Licious FY26 Revenue Soars 47% to Rs 1,166 Cr, Net Loss Flat

• Licious reported a net revenue of Rs 1,166 crore in FY26, a 47% year-on-year growth, focusing on deeper penetration in existing urban markets.
• The company achieved its highest-ever single-year absolute revenue growth, up from Rs 795 crore in FY25, and targets Rs 1,800 crore for FY27.
• Net loss remained relatively flat at Rs 200–210 crore in FY26, compared to Rs 218 crore in the previous year, despite increased EBITDA burn due to infrastructure and offline expansion.
• Growth was driven by stronger execution in core markets like Bengaluru, Mumbai, and NCR, with plans to add 10 micro markets in FY27 and expand dark stores from 130 to 400.
• Online revenue grew to nearly Rs 1,000 crore, while offline revenue significantly scaled from Rs 26 crore to Rs 177 crore, with repeat consumption at 94% and 1.5 million monthly active users.