{
  "id": 9125328,
  "title": "Captain Fresh revenue crosses Rs 5,000 Cr in FY26; co targets Rs 10,000 Cr in FY27",
  "url": "https://urgent.news/2026/09/22/captain-fresh-revenue-crosses-rs-5-000-cr-in-fy26-co-targets-rs-10",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T08:57:07.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/captain-fresh-revenue-crosses-rs-5000-cr-fy26-targets-rs-10000-cr-fy27"
  },
  "original_language": "en",
  "account": "Packaged seafood company Captain Fresh reported a 52% year-on-year increase in revenue to Rs 5,169 crore for FY26, aiming to double this figure in FY27. The company remained profitable for the second consecutive year and saw a 173% growth in adjusted earnings before interest tax depreciation and amortisation (EBITDA) at Rs 371 crore. Gross margin expanded by 6.5 percentage points to 23.5% from 17% the previous year. Captain Fresh faced challenges such as tariffs and an unsettled trade environment in FY26, but emerged stronger, with Return on capital employed (ROCE) rising from 9% to 11%. Group CFO and Whole-time Director, Mathew George, highlighted Captain Fresh's conservative debt-to-equity ratio of 1.6, which is suitable for a business that has grown at an 80% compound annual growth rate (CAGR) over the last three years. The Bengaluru-based global company, founded in 2020 by Utham Gowda and backed by Accel, Tiger Global, and Prosus Ventures, operates seafood brands across Europe and North America. With a focus on ready-to-eat formats in Europe and ready-to-cook formats in North America, the company sources from over 30 countries and serves nearly 2,500 customers, including top seafood buyers worldwide. Gowda emphasized scaling existing assets and delivering higher margins as the company's growth strategy for FY27.",
  "summary": "The packaged seafood company saw adjusted EBITDA rise by 173% in FY26 as it remained net profit positive for the second consecutive year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}