• Revenue jumps 2.2X to Rs 736 crore in FY25
• Losses fall sharply by 69%
• Strong growth driven by health and wellness product sales

Mosaic Wellness, the parent company behind digital-first health brands Man Matters and Bodywise, delivered a strong performance in FY25 with its revenue more than doubling and losses shrinking significantly. The company continues to scale rapidly as demand for its wellness products grows across consumer segments.

Operating revenue rose 2.2X to Rs 736 crore in FY25, up from Rs 333 crore in FY24, according to filings sourced from the Registrar of Companies. Mosaic Wellness also added Rs 13 crore from interest income and investment gains, pushing its total revenue for the year to Rs 749 crore. The company derives nearly all of its income from the sale of health and wellness products across its men’s, women’s and kids’ brands.

Advertising remained the company’s biggest cost driver, forming 35% of total expenses. This spend almost doubled to Rs 267 crore from Rs 138 crore the previous year as the company continued to invest heavily in customer acquisition and brand building. The cost of materials also grew to Rs 193 crore, accounting for more than a quarter of overall expenses. Employee costs stayed steady at Rs 63 crore.

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Total expenses for FY25 reached Rs 758 crore, up from Rs 380 crore in FY24. However, revenue growth outpaced spending, helping Mosaic Wellness cut its net loss by 69%. The company reported a loss of Rs 12 crore in FY25, compared to Rs 39 crore the year before. Its ROCE and EBITDA margin stood at -6.55% and -2.79%.

The company spent Rs 1.03 to earn each rupee of operating revenue, showing improved efficiency over last year’s Rs 1.14. Mosaic Wellness closed the year with Rs 49 crore in cash and bank balances, while its current assets nearly doubled to Rs 325 crore.