D2C men’s fashion brand, Snitch, reported a twofold increase in revenue in FY25, reaching Rs 505.75 crore, up from Rs 243 crore in FY24, according to the financial statements sourced from Registrar of Companies (RoC). The company generated Rs 498 crore from operations (sale of products) and Rs 7.5 crore from non-operating income in FY25, compared to Rs 241 crore and Rs 1.6 crore, respectively, in FY24.

The purchase of stock in trade and cost of material consumed stood at Rs 255.4 crore and Rs 36.5 crore, respectively, in FY25. Employee benefit expense surged 3.7X to Rs 65.2 crore in FY25, from Rs 17.6 crore in FY24. Finance cost and depreciation amounted to Rs 1.8 crore and 2.8 crore, respectively, in FY25. Marketing expense rose by 2.3X from Rs 35 crore in FY24 to Rs 82.6 crore in FY25. Rent expenses jumped to Rs 24 crore in FY25 from Rs 1.6 crore in FY24. In line with the topline expansion, total expenses increased 2.1X to Rs 508 crore in FY25, compared to Rs 236.2 crore in FY24.

Snitch reported a net loss of Rs 1.7 crore in FY25, slipping from a net profit of Rs 4.3 crore in FY24. On average, the company spent Rs 1.02 to generate every rupee in FY25, compared to Rs 0.98 in FY24. As of March 31, 2025, Snitch’s total assets stood at Rs 276 crore, including cash and bank balances of Rs 66 crore. Net cash flow from operating activities stood positive at Rs 1.1 crore in FY25, compared to a negative Rs 39.6 crore in FY24.

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