Skillmatics Revenue Rises 34.5% to Rs 659 Crore in FY26
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Khushi Jain
- September 21, 2026
Educational toys and games startup Skillmatics is reportedly in talks to raise fresh capital as it looks to expand its business. The potential fundraise comes as the company has scaled its revenue while remaining profitable.
Skillmatics’ revenue from operations increased 34.5% year-on-year (YoY) to Rs 659 crore in FY26 from Rs 490 crore in FY25, according to its consolidated financial statements filed with the Registrar of Companies (RoC).
The Mumbai-based company operates a direct-to-consumer (D2C) and omnichannel edutainment business, offering educational toys and learning games for children aged between one and 12 years.
Skillmatics sells its products through its own website, e-commerce marketplaces and retail stores across global markets. The company has a presence in more than 25 countries and works with over 3,000 retail stores internationally, with North America being its key market.
Overseas Markets Drive Revenue
A large part of Skillmatics’ business comes from overseas markets. Around 87% of its operating revenue was generated outside India, primarily through its US-based subsidiary Grasper Global Inc.
The company also reported Rs 7.52 crore in other income during FY26, taking its total revenue to around Rs 667 crore from Rs 496 crore in FY25.
While Skillmatics recorded healthy revenue growth, its expenses increased at a faster pace during the year. Total expenditure rose 36.1% to Rs 652 crore in FY26 from Rs 479 crore in FY25.
Marketing remained one of Skillmatics’ biggest expenses. The company spent around Rs 169 crore on marketing during the year, accounting for about 26% of its total expenditure.
The cost of making toys and games was another major expense and stood at around Rs 130 crore in FY26. Other expenses, including packaging, commissions, transportation, employee benefits and other operating costs, also contributed to the increase in the overall cost base.
Profit Growth Remains Limited
As expenses grew faster than revenue, Skillmatics’ profit growth remained limited. Its net profit increased 4.2% to Rs 17.57 crore in FY26 from Rs 16.86 crore in FY25.
Its EBITDA margin stood at 1.75%, while return on capital employed (ROCE) was recorded at 5.14% during the fiscal year.
On a unit level, Skillmatics spent around 99 paise to earn every rupee of operating revenue in FY26, indicating the pressure from its growing cost base.
The company ended FY26 with current assets of around Rs 222 crore, including cash and bank balances of Rs 75.5 crore.
Global Expansion and Funding
Skillmatics has built its business around the global market, particularly North America, where it has developed a sizeable presence across both online and offline channels.
The company has raised around $28 million to date across its funding rounds and counts investors such as Peak XV Partners and Sofina among its backers.
The rise in revenue shows that Skillmatics has continued to scale its global business, although the relatively modest growth in profit reflects the higher costs involved in marketing, manufacturing and expanding its international operations.
FAQs
1. What was Skillmatics’ revenue in FY26?
Skillmatics’ revenue from operations increased 34.5% to Rs 659 crore in FY26 from Rs 490 crore in FY25.
2. What was Skillmatics’ net profit in FY26?
Skillmatics’ net profit increased 4.2% to Rs 17.57 crore in FY26 from Rs 16.86 crore in FY25.
3. How much did Skillmatics spend on marketing in FY26?
Skillmatics spent around Rs 169 crore on marketing in FY26.
4. What percentage of Skillmatics’ operating revenue came from outside India?
Around 87% of Skillmatics’ operating revenue was generated outside India.
5. How much funding has Skillmatics raised?
Skillmatics has raised around $28 million to date across its funding rounds.
