By admin 
Cloud kitchen company Rebel Foods has been witnessing modest growth over the past couple of fiscal years. The Pune-based firm recorded a meagre 14% year-on-year rise in revenue during the fiscal year ending March 2025, while its losses declined by roughly the same proportion. Rebel Foods’ revenue from operations grew to Rs 1,617 crore in FY25 from Rs 1,420 crore in FY24, as per its consolidated financial statements filed with the Registrar of Companies (RoC).
Including non-operating revenue of Rs 41 crore, Rebel Foods’ total income stood at Rs 1,658 crore in the last fiscal year. The cost of materials was its largest expense, which grew 11% to Rs 678.5 crore in FY25 from Rs 613 crore in FY24, forming 34% of total expenses. Employee benefit expenses saw a marginal decline of 2% to Rs 388 crore, while advertising costs increased 14% to Rs 153 crore. Brokerage and commission expenses were up 6% to Rs 243 crore. Overall, the firm’s total costs rose 7% year-on-year to Rs 1,987 crore in FY25. With the help of revenue outpacing the company’s expenses, Rebel Foods managed to control its loss by nearly 12% to Rs 336 crore in FY25. Its ROCE and EBITDA margin improved to -35.93% and -10.39% respectively.
On a unit level, Rebel Foods spent Rs 1.23 to earn a rupee of revenue in FY25, improving from Rs 1.31 in FY24. The company held cash and bank balances of Rs 56 crore at the end of March 2025, while its current assets stood at Rs 597 crore in the same period.
About Rebel Foods
Rebel Foods has been founded in 2011 by Jaydeep Barman and Kallol Banerjee. Rebel Foods is the world’s largest internet restaurant company, pioneering the multi-brand cloud kitchen model with brands like Faasos, Behrouz Biryani, Oven Story Pizza, and The Good Bowl, using its proprietary tech (Rebel OS) to launch and scale over 45 food brands from shared kitchens in India, UAE, UK, and more, focusing on tech-driven delivery and challenging traditional restaurants.