DailyObjects: Doubling Revenue with Offline Expansion by FY26

DailyObjects, a D2C design and lifestyle brand, projects its net revenue to reach between ₹220 Cr and ₹230 Cr in FY26, doubling from ₹111 Cr in FY25, according to Inc42. The company’s CEO, Pankaj Garg, anticipates further growth to ₹400 Cr by FY27.

In FY25, DailyObjects saw a 30% increase in operating revenue, reaching ₹84.4 Cr, up from ₹84.4 Cr in FY24. However, net losses also increased by over 58% to ₹16 Cr. Despite these losses, Garg expects the company to achieve EBITDA profitability by the end of March 2026.

The company has focused on improving gross margins, which were around 4-5% during FY26, by minimizing customer acquisition costs. Repeat customers now make up approximately 52% of its customer base, and the average order value has increased by 20% year-over-year to ₹2,500. Monthly order values have grown to about ₹22 Cr.

Currently, over half of the brand’s sales come from its website, supported by marketing campaigns targeting GenZ on social media. An additional 30% of sales are generated through e-commerce channels, and 10-12% through corporate gifting. DailyObjects recently launched select SKUs on Blinkit to test the quick commerce channel.

DailyObjects has also expanded its offline presence, establishing nine retail stores across Tier I cities like Delhi-NCR and Bengaluru. The CEO noted that these stores have been profitable since their first month. The company plans to open 20 more stores this year in cities including Hubbali, Visakhapatnam, Chennai, Pune, and Guwahati, aiming to tap into the 40-45% of demand coming from Tier II and III cities. Additionally, DailyObjects has partnered with around 250 authorized Apple retail stores and plans to add another 150-200 within the year.

Founded in 2012 by Garg and Sourav Adlakha, DailyObjects began as an online store offering smartphone and tablet accessories. It has since expanded into other lifestyle product lines such as bags, wallets, organizers, watch bands, and desk accessories, which now account for 35% of overall sales. The company currently has 50 core SKUs and intends to focus on expanding its existing product line.

To date, DailyObjects has raised $12 Mn in funding, including a $10 Mn Series B round led by 360 ONE Asset in 2024. It also recently secured ₹25 Cr in debt from Trifecta Capital’s venture debt fund for general business purposes.