Momentum posts strong FY26 metrics

Momentum Private Limited said on April 22 that it turned EBITDA-positive in fiscal 2026 after revenue climbed 3.3 times to ₹385.5 crore. (hospitality.economictimes.indiatimes.com) The company, formerly Organicut Fresh Private Limited, reported EBITDA of ₹4.7 crore for the year ended March 2026, up from ₹118 crore in revenue a year earlier. (theweek.in) Momentum said its customer base grew 4.6 times to more than 12,000 monthly transacting businesses, while monthly order volume rose past 50,000 from about 17,300 at the start of the year. (hospitality.economictimes.indiatimes.com) The company also said top-decile repeat rates topped 85%, average order value doubled to more than ₹10,000, and its cash-conversion cycle fell to 36 days from roughly twice that level. Inventory hold time dropped to 17 days. (theweek.in) In supply businesses, the cash-conversion cycle measures how long money stays tied up between paying suppliers and collecting from customers. A shorter cycle usually means less working capital is needed to support growth. (hospitality.economictimes.indiatimes.com) Momentum operates in India’s hotel, restaurant and catering market, often shortened to HoReCa, where suppliers try to win repeat orders from commercial kitchens that buy frequently and care about delivery reliability. (theweek.in) The wider Indian food services sector was valued at about ₹5.69 lakh crore in 2024 and is projected to reach ₹7.76 lakh crore by 2028, according to the National Restaurant Association of India’s 2024 report. (economictimes.indiatimes.com) Momentum said it has raised ₹300 crore in total equity and carried a debt-to-equity ratio of 0.13 times at year-end, giving it room to expand geography and product categories while keeping leverage low. (theweek.in) Founder and chief executive Sidhantt Suri said the company’s model combines Urban Harvest, which serves large chains through owned processing facilities, with DeliverIt, a business-to-business quick-commerce platform promising four-hour delivery to small and mid-sized restaurants. (theweek.in) The company entered fiscal 2027 with a March exit run-rate of more than ₹660 crore, suggesting Momentum is trying to show investors and restaurant clients that faster growth does not have to come with weaker margins or slower cash recovery. (hospitality.economictimes.indiatimes.com)