The manufacturer of clothing worn, Bouult provides that his net profit increases four times with a growth of 40% of the revenue in this tax year until March 31, 2026, increased by his boost of premium, he told his co-founder Varun Gupta. He added that the company aims to lose its value image for money in the midst of a great competition in the lower part, with a new name and logo for the company.
Boult, who started the operations in 2017, saw his revenues double at £ 800 in two years in the tax year 2025, aims to cross the sign of £ 1,000 in exercise 26 on the back of the average sale prices that should cross over £ 2,000, from £ 1200 currently, said GUPTA.
The wearable brand started recorded a net profit of 2.5 £, between the intensified competition as it saw the marketing costs increase and the acquisition of customers. Following the exercise of Rebranding, GUPTA addresses its net profits to cross £ 10 this year.The company is renowning itself in Gobault, with the aim of moving its image from being a value brand for Money to a more premium, youth and contemporary brand image.
“We are changing the way we think, we manage and build. Gobault is a brand that aligns itself and is prepared for the rhythm and personality of the next generation. Rebrand reflects our commitment to move faster, to think largerly and taking global Indian innovation,” said Gupta.
GUPTA said that, despite the overall wearable segments and a double -digit drop -down smartwatch and the audio segment truly without wireless remained flat, Boult has not seen its growth slowing down. It remains among the top five brands for both audio and smartwatches on the March quarter, according to IDC.The company aims to switch to higher ASP categories, launching premium products and forming partnerships with Legacy brands. Bouult currently has a partnership with the US Mustang car brand. It is also collaborating with Dolby for audio products.
“We are the only wrapped and profitable player among the first five in the wearable devices sector. This move is crucial because the ASPs in the category decreased, leading to a lower gross profitability for the industry,” said Gupta to et.
As part of its reconstruction, the company wants to attract aggressively to the offline retail, something that GUPTA has claimed to be hindered by its rival brands that had a higher market share in the offline space.
“We met unjust practices from the competition when we started to take advantage of the offline channels in February-March 2024. Some of our competitors, who had been in space for 8-10 years and much larger in scale were pushing the retailers not to store our products,” said Gupta.
These sobs, however, have been resolved, added, adding that the company’s products are now available in 1,000 offline stores. Now he has taken over 30 people for offline sales, with over 38 distributors and over 100 people in streets by building his network of retailers. The goal is to expand to 30,000 counters within the next 18 months, said GUPTA.
“The Offline channel currently generates about £ 5 £ every month. The goal is to increase it to a monthly £ 25. The greatest player in the offline space is doing £ 100 per month,” added Gupta.
