Branded egg producer Eggoz delivered a strong financial performance in FY25, reporting sharp revenue growth and a modest reduction in losses during the year, despite facing reputational headwinds in recent months.
Eggoz’s operating revenue rose 78% year-on-year to ₹130 crore in FY25 from ₹73 crore in FY24, according to its standalone financial statements sourced from the Registrar of Companies (RoC). The growth was driven by higher volumes, wider market reach, and stronger brand traction across urban centres.
Founded in 2017 in Bihar by Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz operates an asset light, farmer-led supply chain that enables fresh eggs to reach retail shelves within 24 hours. The company has steadily expanded its footprint across major markets including Delhi-NCR, Bengaluru, Kolkata, Jaipur, and Lucknow.
The sale of shell eggs remained the sole contributor to operating revenue during FY25. However, the company has recently diversified its portfolio by entering the ready-to-cook segment, launching products such as momos, burger patties, and nuggets as part of its strategy to deepen consumer engagement and improve margins.
On the cost side, egg procurement continued to be the largest expense, accounting for nearly 67% of total expenditure. Procurement costs rose to ₹103 crore in FY25, broadly tracking revenue growth. Employee benefit expenses increased to ₹20 crore, which included around ₹3 crore in ESOP related costs.
Higher freight, advertising, rent, and other overheads pushed total expenditure up to ₹154 crore in FY25, compared to ₹100 crore in the previous fiscal year. Despite the rise in costs, operating leverage from scale helped the company improve overall efficiency.
Eggoz managed to reduce its net loss by 8% to ₹23 crore in FY25 from ₹25 crore in FY24. The company also reported improvements in EBITDA, return on capital employed (ROCE), and its expense-to-revenue ratio during the year. According to the company, it achieved EBITDA breakeven in Q4 FY25 and reached a peak annual revenue run rate (ARR) of ₹200 crore.
To date, Eggoz has raised over $32 million in funding, including a $20 million round led by Gaja Capital, along with investments from IvyCap Ventures and other backers. While recent controversy may pose short-term challenges, the company’s FY25 performance underscores strong underlying demand and the scalability of its farmer-centric supply model.
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