Decathlon India posts profit as FY26 revenue hits Rs 4,478 crore

By Grace Kim

Decathlon India reported Rs 63 crore in net profit for FY26, reversing a Rs 65 crore loss in FY25, as revenue from operations rose 8.35% to Rs 4,478 crore. Total income reached Rs 4,517 crore after other income added Rs 39 crore, while EBITDA stood at Rs 424 crore.

The Indian arm of French sporting goods retailer Decathlon has remained near the Rs 4,000 crore revenue mark for several years, according to Entrackr’s review.

What is driving demand?

Entrackr linked the opportunity to growing Indian participation in sports beyond cricket. Badminton, hockey, boxing, swimming, trekking and skating are drawing more participants, creating opportunities for brands that serve a wider range of sporting needs.

Decathlon India sells products across multiple sports categories under one roof, according to the report. The company started in India in 2009 and now operates 132 stores. It has grown into one of India’s largest sporting-goods retailers and is targeting 200 stores by 2030.

Sales of sporting goods and apparel remain the company’s primary revenue source. Its product portfolio includes:

• Clothing
• Footwear
• Trekking gear
• Fitness equipment
• Accessories across sports categories

The breadth of the portfolio places Decathlon India across the sports activities drawing new consumers. Its 132-store network also gives the retailer a base for expansion into additional cities and states. Decathlon India is trying to convert broader sports demand into a larger store network and higher sales.

How did costs affect FY26 profit?

Procurement of materials and sporting goods remained Decathlon India’s largest expense. It accounted for nearly 64% of total expenditure and rose 7.4% to Rs 2,840 crore in FY26 from Rs 2,644 crore in FY25.

Employee benefit expenses increased 12% to Rs 407 crore. Other expenses, including rent, franchisee fees, freight, credit card commissions and IT support charges, helped lift total expenditure by 4% to Rs 4,435 crore, against Rs 4,264 crore in FY25.

Decathlon India turned profitable despite those increases, reporting Rs 63 crore in net profit and Rs 424 crore in EBITDA for the fiscal year.

The retailer spent Rs 0.99 to earn every rupee of operating revenue in FY26. Its return on capital employed stood at 7.6%, its EBITDA margin at 9%, and total current assets amounted to Rs 1,686 crore at the fiscal year-end.

The numbers show that operating revenue growth outpaced the 4% increase in expenditure, turning last year’s loss into Rs 63 crore in profit.

What could push revenue past Rs 5,000 crore?

Decathlon India will have to widen its reach to move beyond its recent Rs 4,000 crore revenue range, according to the report. The company is already working on expansion into more cities and states, while its 2030 target calls for 200 stores compared with 132 today.

Expansion into Europe and increased exports of products manufactured in India could also open new growth opportunities. The report said an India-EU free trade agreement may provide further support, depending on how the final agreement takes shape.

Two additional growth levers sit closer to home: adding more categories and bringing new products to Indian consumers. Decathlon India will also need to sustain its store expansion if it wants to move beyond the recent Rs 4,000 crore range and cross Rs 5,000 crore.

The next test is whether new stores, exports and a broader product mix can lift revenue past Rs 5,000 crore while preserving the company’s 9% EBITDA margin.