After turning profitable in FY25, direct-to-consumer (D2C) tea brand VAHDAM India further strengthened its bottom line in FY26, with net profit zooming over sixfold to Rs 32 crore. The company continued to derive almost all of its revenue from international markets, with the US remaining its key market. VAHDAM India's revenue from operations grew by 31% year-on-year to Rs 349.6 crore in FY26 from Rs 267.5 crore in FY25, as per its consolidated financial statement filed with the Registrar of Companies (RoC). VAHDAM, an e-commerce brand offering teas, spices and superfoods, sources its products directly from farms across India and sells them in India and key global markets, including the US, Canada and Europe. Sales of these products remained the company’s primary revenue stream during the fiscal year. International markets continued to account for the bulk of VAHDAM’s revenue, contributing nearly 96% of its total operating revenue at Rs 335.3 crore. The US remained its largest market, contributing over 53% of revenue at nearly Rs 187 crore, followed by Europe at Rs 97.8 crore and the rest of the world at Rs 50.65 crore. In comparison, the Indian market contributed only Rs 14.3 crore, accounting for just over 4% of total operating revenue. The company also earned Rs 10.2 crore in non-operating income, taking its total revenue to Rs 359.8 crore in FY26. For the D2C firm, advertising and promotional expenses emerged as its largest cost at Rs 95.9 crore which rose 65% year-on-year. Transportation was the second-largest expense at Rs 70 crore. Cost of materials rose 32% year-on-year to Rs 63.4 crore, while employee expenses increased 30% to Rs 35 crore, including Rs 3.76 crore in ESOP expenses. The company also paid Rs 28.9 crore in commissions to selling agents. Other overheads, including rent, legal and professional fees and miscellaneous expenses, added Rs 41.4 crore, taking total costs to Rs 334.6 crore in FY26 from Rs 268.2 crore in FY25. Coming to the bottom line, the company’s profit jumped over sixfold to Rs 32.2 crore in FY26 from Rs 5.2 crore in FY25, led by growth in its overseas revenue. Its ROCE and EBITDA margin also improved to 9.5% and 5%, respectively, while EBITDA surged 2.7 times to Rs 17.5 crore during the period. On a unit level, the firm spent Rs 0.96 to earn a single rupee of operating revenue in FY26. At the end of March 2026, VAHDAM India reported Rs 154 crore of current assets including Rs 42 crore of cash and bank balance. VAHDAM India has raised over $40 million in funding to date, including a recent$3 millionround led by SIDBI Venture last year. Its lead investors include Fireside Ventures, Sixth Sense Ventures, and IIFL Asset Management. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any
