Paper Boat posted ₹668 crore in FY25 revenue, up 16% year-on-year, and narrowed its losses by 24% to ₹48 crore, driven by strong third-party product sales despite declines in own manufacturing revenue.
The Hector Beverages brand, backed by Peak XV, GIC, Sofina, and A91 Partners, saw third-party manufacturing contribute 66% of operating revenue, while total expenses rose to ₹717 crore. Current assets stood at ₹276 crore, but sector challenges keep growth and margin prospects subdued.