Decathlon India reports Rs 65 Cr loss in FY25 as compared to Rs 197 Cr PAT in FY24

Decathlon, the French sporting goods retailer’s Indian arm, reported a net loss of Rs 65 crore in the fiscal year ending March 2025, compared to a profit of Rs 197 crore in FY24. The reversal came as a sharp rise in operating expenses seconded revenue growth during the year.

Decathlon’s revenue from operations grew by 3% year-on-year to Rs 4,133 crore in FY25 from Rs 4,008 crore in FY24, according to its financial report sourced from Registrar of Companies (RoC).

Including other income of Rs 49 crore, the company’s total income stood at Rs 4,182 crore in FY25, compared to Rs 4,067 crore a year earlier.

On the spending side, cost of materials, which includes sourcing and procurement of sporting goods, remained the largest expense, accounting for 62% of the total expense. This cost rose 8% to Rs 2,644 crore in FY25 from Rs 2,457 crore in FY24. Employee benefit expenses grew 11% to Rs 363 crore, while depreciation costs surged 74.3% to Rs 305 crore during the last fiscal year.

Other expenses, including store operations and overheads, increased 13.7% year-on-year to Rs 952.5 crore. Overall, the company’s total expense rose 12.3% to Rs 4,264.5 in FY25 from Rs 3,797 crore in FY24.

With the company’s expense outpacing revenue growth, it recorded a net loss of Rs 65 crore in FY 25, as compared to a profit of Rs 197 crore in FY24. However, the company reported positive EBITDA of Rs 174 crore in the same period.  Its ROCE and EBITDA margin stood at  -5.73% and 4.20%, respectively.

On a unit basis, the company spent Rs 1.03 to earn a rupee of operating revenue in FY25. On the balance sheet front, its current assets increased to Rs 1,400 crore from Rs 1,247 crore, while cash and bank balances declined sharply to Rs 73 crore at the end of FY25 from Rs 320 crore a year earlier.