New Delhi, February 25 Technology accessories company DailyObjects expects to close the current fiscal year with revenue exceeding Rs 230 crore, more than doubling the revenue of Rs 110 crore achieved in FY25, and post operational profit, the company said on Wednesday.
The company projects net revenue of Rs 230 crore for FY26.
"DailyObjects remains on track to achieve EBITDA-positive in FY26, with projected net revenue of Rs 230 crore," the company stated in a press release.
The company claims to have achieved an annual recurring revenue (ARR) of Rs 320 crore, which means, at the current growth rate, it should be able to achieve this revenue.
"Achieving an ARR of Rs 320 crore marks a significant milestone in our journey to build a globally relevant lifestyle tech brand from India.
Our focus remains on creating differentiated products based on design, functionality, and intellectual property, while scaling responsibly across channels. As we move towards EBITDA positivity and expand our retail presence, we are confident of sustaining strong growth and expect to reach approximately Rs 400 crore ARR by FY27," said Pankaj Garg, Founder and CEO of DailyObjects.
"Exclusive Brand Outlets (EBOs) are accretive from the start. The brand has launched 5-6 EBOs in the last 6 months, contributing profitable to both top and bottom lines from Month 1. During this year, the company plans to double its presence across Apple Authorised Reseller stores and EBOs," the statement added.
