Captain Fresh FY26 revenue rises 52% to ₹5,169 crore; targets ₹10,000 crore in FY27
The Bengaluru-based seafood platform reported FY26 adjusted EBITDA of ₹371 crore, up 173%, while gross margin expanded to 23.5% from 17%. Captain Fresh is targeting ₹10,000 crore in FY27 revenue and ROCE above 20%, driven by its premium seafood-brand portfolio.
What happened
Bengaluru-headquartered seafood platform Captain Fresh reported FY26 revenue of Rs 5,169 crore, up 52%, with adjusted EBITDA rising 173% to Rs 371 crore. The
Key facts
- FY26 revenue: Rs 5,169 crore
- Revenue growth: 52% year-on-year
- FY26 adjusted EBITDA: Rs 371 crore
- Adjusted EBITDA growth: 173%
- Gross margin: 23.5%, up from 17%
What changed
Bengaluru-headquartered seafood platform Captain Fresh reported FY26 revenue of Rs 5,169 crore, up 52%, with adjusted EBITDA rising 173% to Rs 371 crore. The company targets Rs 10,000 crore revenue in FY27, focused on scaling its existing premium seafood-brand portfolio.
Why this matters
Captain Fresh’s 52% revenue growth to ₹5,169 crore and gross-margin expansion to 23.5% show that premium seafood brands and operating execution are scaling together ahead of an ambitious FY27 target.
What to watch
- Quarterly revenue run rate needed to support nearly 94% FY27 growth.
- Gross-margin sustainability above the FY26 23.5% level.
- Adjusted EBITDA conversion and progress toward ROCE above 20%.
- Working-capital days, inventory turns and operating cash-flow generation.
- Acquisition announcements, integration performance and any equity/debt fundraising.
Also reported by
- YourStory · Capital — Same time