New Delhi, February 10 Smart wearable maker Gobolt expects over three-fold revenue growth to reach Rs 3,000 crore in the next four years, driven by product premiumization and exports, a top company official said on Tuesday.
Speaking on the sidelines of the launch of the Mustang-led range of wearables, Gobolt co-founder Varun Gupta said that the new products aim to capture the essence of Mustang, focusing on quality, and also lead to an increase in the average selling price of devices.
He said that the company had set three milestones before its IPO, which included rebranding the company, moving towards premiumization, and achieving revenue of over Rs 1,000 crore.
"In the 2025-26 fiscal year, we are nearing Rs 1,000 crore in revenue. Six months ago, we rebranded ourselves as Gobolt. To achieve premiumization, we launched a new product range.
"We have been consistently working on this for the past six months, and all our launches have resulted in an average selling price (ASP) that is 20-30 per cent higher than usual products, with enhanced technical specifications, design sensibility, and material quality," Gupta said.
The company launched three Mustang smartwatches and one TWS as part of a broader, multi-product roadmap under its partnership with Mustang.
"We are aiming for an IPO sometime in the summer of 2027," Gupta said.
He added that the company's plan is to reach Rs 3,000 crore in revenue by 2029-30. "We plan to reach Rs 3,000 crore by 2029-30. We expect to grow by about 30 per cent year-on-year, which will help us reach that milestone. The avenues for growth will include higher prices on products like Mustang, expanding our distribution channels, and going deeper into direct-to-consumer (D2C) and offline channels. We also plan to expand internationally through the new India-European deal."
He also mentioned that the company is planning to launch its products in the US and Southeast Asia.