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Vedantu revenue grows 17% to Rs 267 Cr in FY26; cuts losses before exceptional items

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Vedantu revenue grows 17% to Rs 267 Cr in FY26; cuts losses before exceptional items

The online education space has been through a sharp shakeout over the past two-three years, with Byju’s collapse and Unacademy’s acquisition by UpGrad reshaping the competitive landscape. Against these odds, Vedantu managed to grow its revenue and improve its operating metrics in FY26. Its bottom line also improved, excluding the impact of exceptional items.

Bengaluru-based edtech unicorn’s revenue from operations grew 17.6% to Rs 267 crore in FY26 from Rs 227 crore in the previous fiscal, according to its consolidated financial statements reviewed by Entrackr.

Tuition fees remained its largest revenue source for Vedantu, growing 16.8% to Rs 222 crore from Rs 190 crore in FY25. Revenue from books, uniforms and other products increased 31.8% to Rs 29 crore, while e-learning project income stood at Rs 6.3 crore during the last fiscal year.

With non-operating income of Rs 3.8 crore, the firm posted a total income of Rs 270 crore in the fiscal year ending March 2026.

On the expense side, employee benefit expenses, the largest cost component, declined 12.8% to Rs 191 crore in FY26 from Rs 219.5 crore in FY25. It also includes Rs 7.2 crore as ESOP cost (non-cash. Contract and outsourced resources costs surged 54.3% to Rs 71 crore, while depreciation expenses declined 5.8% to Rs 65 crore.

Advertising and promotional expenses increased 7.4% to Rs 29 crore, whereas technology expenses stood at Rs 12 crore . Overall, Vedantu’s total expenses remained largely flat at Rs 442 crore in FY26.

6% to Rs 171 crore in FY26, compared to Rs 210 crore in FY25.


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