Snitch closed FY26 with an operating revenue of ₹900 Cr, up about 80% from ₹498 Cr in the previous fiscal year
The brand’s EBITDA stood at about 2-3% of its revenue, translating to about ₹18-27 Cr, the founder and CEO Siddharth Dungarwal told Inc42
Notably, Snitch is currently generating about 60% of its revenue from online channels, with offline stores contributing the remaining 40%
D2C fashion brand Snitch closed FY26 with an operating revenue of ₹900 Cr, up about 80% from ₹498 Cr in the previous fiscal year, founder and CEO Siddharth Dungarwal said.
As per the unaudited numbers, the brand’s EBITDA stood at about 2-3% of its revenue, translating to about ₹18-27 Cr, the CEO told Inc42. Snitch had posted a net loss of ₹1.7 Cr in FY25.
Dungarwal said that the brand is currently generating about 60% of its revenue from online channels, with offline stores contributing the remaining 40%. He added that the offline business is seeing strong momentum, growing roughly 75% YoY.
Snitch currently has 115 stores across India. It is looking to further strengthen its presence in East India as part of its domestic expansion strategy.
On the international front, Snitch’s plans to open offline stores in West Asia has been put on hold due to the conflict between US-Israel and Iran. The brand already has an online presence in the region.
Snitch is now eyeing a revenue of about ₹1,400 Cr in FY27.
Founded in 2019, Snitch started as an offline fashion brand. It pivoted to online sales during the Covid-19 pandemic. The brand sells a range of men’s fashion products, including shirts, jackets, hoodies, co-ords, sweaters, innerwears, among others, via its own website, stores, and ecommerce marketplaces.
The brand is also betting on quick commerce to drive incremental growth. Its quick delivery service, Snitch Quick, is currently operational in four cities – Bengaluru, Delhi, Gurugram, and Ahmedabad, with plans to expand to Hyderabad and Mumbai soon.
Quick commerce already contributes about 10% of the brand’s online revenue, with Dungarwal describing the early traction as “very good.”
Notably, the startup entered the quick commerce segment in October 2025 to deliver apparels in under 60 minutes.
Beyond apparel, Snitch is expanding into adjacent categories such as perfumes, footwear, and accessories as it looks to build a broader lifestyle portfolio.
Despite the growth push, the startup is currently not actively looking to raise fresh capital. It last raised $39.6 Mn (about INR 340 Cr) in June last year. Overall, it has raised a total funding of about $53 Mn to date from investors like IvyCap Ventures, SWC Global, Ravi Modi Family Office, among others.
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