Zepto total sales jump 129% to Rs 9,669 crore in FY25, losses widen ahead of IPO launch

Aadit Palicha-led Zepto has reported a sharp expansion in scale in FY25, alongside a steep rise in losses, as the company continued to invest heavily in capacity, store expansion and customer acquisition amid intensifying competition in India’s quick commerce market.

According to the company’s audited financial statements, Zepto’s total sales, including other income, rose to Rs 9,668.8 crore in FY25, up 129% from Rs 4,223.9 crore in FY24. Net loss widened to Rs 3,367.3 crore during the year, compared with Rs 1,214.7 crore in the previous fiscal.

The financial performance comes against the backdrop of sustained competitive intensity in quick commerce, which has extended beyond FY25 into the early part of FY26.

As Zepto prepares for the public markets, the company is set to confidentially file DRHP this week. Ahead of the filing, shareholders approved the appointment of founders Aadit Palicha and Kaivalya Vohra, along with CFO Ramesh Bafna, as whole-time directors at an extraordinary general meeting held on December 23.

According to media reports, Co-founders Palicha and Vohra each received Rs 1.5 crore in remuneration in FY25. Under the revised terms, both founders will draw a fixed salary of Rs 2.5 crore per annum, along with perquisites including rent and other expenses capped at Rs 10 lakh per month, in addition to statutory benefits.

CFO Ramesh Bafna received total remuneration of Rs 6.85 crore in FY25. His approved compensation includes a salary of Rs 3.85 crore per annum, along with bonuses, long-term incentives and other benefits, including in years when the company reports inadequate profits.