ElasticRun, the kirana-commerce and logistics unicorn, reduced its losses sharply in FY25 while stabilising its operations after a period of contraction. The company’s financial statements filed with the Registrar of Companies show a 60% decline in net loss, marking a notable shift in its cost and revenue balance.

ElasticRun’s gross merchandise value (GMV) rose 9% to ₹2,653 crore in FY25 from ₹2,435 crore in the previous year. This improvement follows a difficult FY24, during which the company saw a steep fall in revenue. The renewed uptick reflects steadier demand within kirana supply chains and more predictable operational throughput.

Key Highlights

• ElasticRun cuts FY25 losses by 60 percent as revenue and operational scale strengthen
• Kirana-commerce unicorn sees improved margins, higher GMV, and tighter cost control in FY25

Revenue from traded goods, which forms the bulk of ElasticRun’s business, increased 7.4% to ₹2,172 crore. Service revenue grew 17.5% to ₹477 crore, driven by higher utilisation across distribution and fulfilment services. Including other income, total revenue reached ₹2,766 crore, compared with ₹2,545 crore in FY24.

Material costs remained the largest expense, ending the year at ₹2,118 crore. Freight, handling and servicing costs showed a slight rise, aligned with the company’s volume recovery. Employee expenses declined 17.2% to ₹207 crore, reflecting a leaner workforce structure. Operating expenses overall inched up only 0.2% to ₹2,911 crore, signalling greater control across spending lines.

With these adjustments, the company’s net loss narrowed to ₹145 crore from ₹360 crore in FY24. Key efficiency indicators improved as well, with ROCE and EBITDA margin moving to -16.96% and -8.44%. ElasticRun spent ₹1.10 to generate a rupee of revenue, an improvement over ₹1.19 a year earlier.

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The company closed FY25 with cash reserves of ₹643 crore and total assets of ₹1,659 crore. With cumulative funding of $461 million from investors such as Prosus and Avataar Ventures, ElasticRun enters the next fiscal year on firmer operational and financial footing.