Eggoz revenue rises 39% to Rs 180 crore; loss widens to Rs 42 crore

Eggoz’s operating revenue rose 39% to Rs 180 crore in FY26, while its net loss widened 83% to Rs 42 crore, according to financial statements sourced from the Registrar of Companies (RoC).

For the fiscal year ended March 2026, Eggoz grew sales, but its cost base rose faster. Entrackr reported that India’s egg market is gradually moving toward organised players as consumers show more interest in branded products, better quality standards and traceability. That shift has opened opportunities for companies such as Eggoz.

What did FY26 revenue show?

Eggoz booked operating revenue of Rs 180 crore, up from Rs 130 crore in FY25. Egg sales remained the company’s primary revenue contributor. Around Rs 6 crore from non-operating sources lifted total income to Rs 186 crore for the fiscal year.

The company had already reported a 78% year-on-year increase in operating revenue in FY25, when its net loss stood at Rs 23 crore. Eggoz therefore extended its top-line expansion into FY26, but the additional sales did not prevent losses from widening.

The takeaway: Eggoz sold more at scale, but the fiscal year ended with a larger loss.

Where did the extra costs go?

Total expenditure rose 48% to Rs 228 crore in FY26 from Rs 154 crore in FY25. That increase outpaced the 39% growth in operating revenue.

• Raw materials: Procurement costs climbed 38% to Rs 142 crore from Rs 102.7 crore. They accounted for more than 62% of Eggoz’s total expenditure.
• Employee benefits: Expenses rose 50% to Rs 30.8 crore from Rs 20.5 crore.
• Advertising and promotion: Spending jumped 2.9 times to Rs 30 crore from Rs 10.5 crore.
• Transportation: Costs increased 32.2% to Rs 7.8 crore.
• Other expenses: Legal and professional costs, travelling and other items collectively added around Rs 17 crore.

These increases pushed Eggoz’s net loss up 83% to Rs 42 crore in FY26 from Rs 23 crore in the previous fiscal year.

The takeaway: Procurement supplied the scale, while higher staffing and advertising costs amplified the pressure on profitability.

What do margins and liquidity show?

Eggoz reported a ROCE of -40.6% for FY26. Its EBITDA margin stood at -24.44%, while its EBITDA loss reached Rs 44 crore.

At the unit level, the company spent Rs 1.27 for every rupee of operating revenue. That spending rate remained well above Rs 1 even as Eggoz reported growth across its egg business.

As of March 2026, Eggoz held Rs 33 crore in cash and bank balances. Its total current assets stood at Rs 45 crore.

The takeaway: The filings show a loss-making operation carrying Rs 33 crore in cash at the fiscal year’s end.

How does Eggoz build its egg network?

Abhishek Negi and Aditya Singh founded Eggoz in Bihar in 2017. The Gurugram-based company operates as Nupa Technologies and runs an asset-light, farmer-led supply chain.

Eggoz works with local poultry farmers to improve egg production, collection and distribution through technology. The company says its process gets fresh eggs to retailers within 24 hours while maintaining quality and freshness.

The model also aims to give farmers access to better technology and wider markets. Eggoz sources eggs from them and supplies retailers through an organised distribution network.

The takeaway: Eggoz combines local sourcing with organised distribution, but FY26 shows that the model still carries a high cost base.

What funding supports the expansion?

Entrackr reported that Eggoz has raised more than $32 million across multiple funding rounds. The company raised $20 million in a round led by Gaja Capital in June 2025.

That financing followed an $8.8 million Series B round led by IvyCap Ventures in December 2022.

The takeaway: Eggoz has more than $32 million in external backing, but its latest financial year shows that capital has not yet closed the loss gap.

The next fiscal year will test whether Eggoz can slow the 2.9-times advertising increase and convert 39% revenue growth into a smaller loss while working with Rs 33 crore in cash and Rs 45 crore in current assets.