Captain Fresh’s Revenue Jumps 52% To ₹5,169 Cr In FY26

Captain Fresh, a Bengaluru-based B2B seafood brand, reported a significant 52% increase in revenue to ₹5,169 Cr in FY26, up from ₹3,397 Cr in the previous fiscal year. The company's adjusted EBITDA nearly tripled to ₹371 Cr compared to ₹136 Cr in FY25. Gross margin expanded to 23.5% in FY26 from 17% in FY25. While the company has not disclosed its bottom line, it claimed to remain profit after tax-positive.

Captain Fresh is on track to achieve ₹10,000 Cr in revenue in FY27. The company's CFO and whole-time director, Mathew George, stated that the FY26 performance tested the industry due to tariffs and an unsettled trade environment, but the company emerged stronger than before. The company's debt-to-equity ratio was 1.6 for FY26, aiming to reduce to 1.3-1.5.

Higher working capital requirements were noted due to inventory build-up to ensure uninterrupted customer supply amid global disruptions, which are expected to reverse as operating conditions normalize.