CityMall, a grocery-focused e-commerce platform, has reported impressive revenue growth in its fiscal year ending March 2025, with revenue exceeding Rs 500 crore. However, the company continued to face losses during this period.
CityMall’s operating revenue surged to Rs 534 crore in FY25, up from Rs 427 crore in FY24, as reported by the Registrar of Companies (RoC). Established in 2019, the company operates in tier II and III cities, emphasizing a shift towards a grocery-focused model and private label products.
Nearly 96% of CityMall’s revenue came from product sales, which reached Rs 512 crore in FY25, with the rest from logistics and marketing services. Key product categories driving sales include atta, sugar, oil, and ghee, accounting for 39% of total product sales at Rs 210 crore in FY25. The company also saw significant contributions from branded food and beverages, home and personal care products, and miscellaneous staples.
In terms of expenses, procurement costs constituted the largest share at 72%, rising to Rs 510 crore in FY25. Despite a decline in employee benefit expenses, overall expenditures increased by over 15% year-on-year to Rs 710 crore, driven by factors like transportation costs and provision for obsolete inventory.
CityMall’s financial performance in FY25 showed a flat loss figure of Rs 159 crore, with an improved EBITDA margin but a worsened ROCE. The company’s unit economics revealed that it spent Rs 1.33 to earn a rupee of operating revenue during this period.
Source: Entrackr : Latest Posts