Captain Fresh has revealed its revenue and EBITDA for the last four years, highlighting a steady increase in both metrics across the time frame.
In a LinkedIn post, Captain Fresh Founder and CEO Utham Gowda said the company is “trying something new” in 2026 by revealing its annual results.
According to the post and a video Captain Fresh released, the company posted revenue of INR 51.69 billion (USD 539.1 million, EUR 437.8 million) in FY2026, up from the INR 33.97 billion (USD 354.1 million, EUR 311.4 million) it posted in FY2025.
“We have managed to grow our revenues to north of 5,000 crores, which is one-and-a-half times last year’s revenue,” Gowda said in a video.
Its EBITDA also increased, reaching INR 3.71 billion (USD 38.6 million, EUR 34 million), up form INR 1.36 billion (USD 14.2 million, EUR 12.4 million), the company said.
“I know ‘adjusted EBITDA’ is an abused term in our cohort. Hopefully, we'll grow out of it very, very soon,” Gowda said in a LinkedIn post.
He said the successful financial results are the culmination of the company’s effort to create inroads in the seafood industry. Gowda said the company, through its acquisition of brands like Frime and CenSea, has created one of the largest trans-Atlantic seafood distribution platforms globally since its entry into the industry.
“What we settled on is creating this house of brands and making them perform better by creating a connective tissue,” Gowda said. “This house of brands with the connecting tissue, with a technology-first approach, is what Captain Fresh is. Financially, 2026 is the first year where a lot of what we wanted to do has come together.”
Gowda said the growing revenue and EBITDA is coming with a “double-digit” return on capital employed, “which is inching north.”
Part of that success is the diverse distribution of the company’s products, which has helped it weather geopolitical uncertainty like tariffs or war.
“Our platform is set up in the right way, with the ability to absorb volatility,” Gowda said.
Captain Fresh CFO Mathew George said the company had “all kinds of headwinds” in 2026 but said he was the company will come out stronger.
“If you look at all the key metrics, they have improved significantly,” George said.
He predicted things should improve further in FY2027, as in FY2026, the company consciously took on more inventory to meet its customer needs. Therefore, he anticipated FY2027 will be the first year where the company’s return on capital invested will achieve 20 percent, which is the target for Captain Fresh.
“I’m absolutely confident we get there,” George said.
Gowda said Captain Fresh’s single objective in FY2027 is to continue to increase its wallet share and becoming more relevant to its customers either through more species or formats.
“The idea is to do it very very efficiently. That’s where our technology DNA comes to the fore,” he said.
