VAHDAM India, a direct-to-consumer wellness brand, delivered a strong financial performance in FY26 and significantly improved its profitability after achieving profitability for the first time in FY25. The company reported a more than sixfold increase in net profit during the fiscal year, driven by robust growth in international sales, particularly in its key overseas market, the United States.
VAHDAM India’s revenue from operations grew 31 percent year-on-year to Rs 349.6 crore in FY26 from Rs 267.5 crore in FY25. The company continued to benefit from rising demand for its wellness products across domestic and international markets.
Founded as a global wellness brand, VAHDAM India offers a diverse range of teas, herbal infusions, and nutritional supplements. The company directly sources its products from farms across India and sells them in domestic and international markets, including the United States, Canada, and several European countries. Moreover, revenue from product sales remained the company’s primary source of income during the fiscal year.
International markets continued to serve as VAHDAM India’s largest revenue driver, contributing nearly 96 percent of its total operating revenue. Overseas sales generated Rs 335.3 crore in FY26, highlighting the company’s strong presence across global markets. Additionally, VAHDAM India recorded Rs 10.2 crore in non-operating revenue, taking its total income for the year to Rs 359.8 crore.
As the company continued to invest in expansion and customer acquisition, advertising and promotional activities emerged as its largest expense category. VAHDAM India spent Rs 95.9 crore on marketing and promotional initiatives during FY26, marking a 65 percent increase from the previous fiscal year. Meanwhile, transportation also remained a major cost component, with logistics expenses reaching Rs 70 crore.
The cost of materials consumed increased 32 percent year-on-year to Rs 63.4 crore, primarily due to higher sales volumes and continued business expansion. Furthermore, employee benefit expenses rose 30 percent to Rs 35 crore, including Rs 3.76 crore towards employee stock ownership plan (ESOP) costs. The company also spent Rs 28.9 crore on commissions paid to selling agents.
Despite higher operating expenses, VAHDAM India leveraged strong revenue growth to significantly improve its profitability. Net profit surged to Rs 32.2 crore in FY26 from Rs 5.2 crore in the previous fiscal year, largely supported by increasing demand across international markets.
The company also strengthened several key financial indicators during the year. Return on Capital Employed (ROCE) increased to 9.5 percent, while its EBITDA margin reached 5 percent. In addition, EBITDA grew 2.7 times year-on-year to Rs 17.5 crore, reflecting stronger operating performance and improved scale efficiencies.
From an operational perspective, VAHDAM India spent Rs 0.96 to generate every rupee of operating revenue during FY26. This performance indicates improved cost management despite the company’s continued investments in marketing, customer acquisition, and business expansion.
As of March 2026, VAHDAM India reported current assets worth Rs 154 crore, including approximately Rs 42 crore in cash and bank balances. Consequently, the company maintained a healthy liquidity position to support its future growth and expansion initiatives.
VAHDAM India has raised more than $40 million in funding since its inception. The company also secured an additional $3 million investment last year in a funding round led by SIDBI Venture. Its investor base includes prominent venture capital firms such as Fireside Ventures, Sixth Sense Ventures, and IIFL Asset Management.
