Tata 1mg’s consolidated revenue rose 23% to Rs 2,936 crore in FY26, up from Rs 2,016.5 crore-plus a year earlier, according to Tata Sons’ annual report. Net loss narrowed 16% to Rs 287 crore from Rs 427 crore in FY25.

The two operating entities diverged sharply. Tata 1mg Healthcare Solutions, the core pharmacy vertical, posted Rs 2,440 crore in revenue, up 21% from Rs 2,016.5 crore, with losses narrowing marginally to Rs 310 crore from Rs 341.8 crore.

Tata 1mg Technologies, which houses diagnostics and software, grew faster at 32% to Rs 496.1 crore in revenue. But its profit collapsed 73% to Rs 17.5 crore from Rs 65.4 crore.

The Balance Sheet Gap

Combined assets stood at Rs 2,268 crore against negative group reserves of Rs 167 crore. Healthcare Solutions carries Rs 1,538 crore in accumulated losses, partly offset by Technologies’ positive reserves of Rs 1,371 crore. Liabilities totalled Rs 1,601 crore.

The Ken reported that Tata 1mg’s diagnostics vertical alone has crossed Rs 600 crore in annualised revenue, the one clearly profitable pocket inside a loss-making core business. Consolidated revenue has grown roughly 10-fold since Tata Digital took majority control in June 2021.

At the parent level, Tata Digital’s revenue grew 12% to Rs 35,990 crore in the same period, while its net loss widened to Rs 4,974 crore. Tata 1mg competes with Reliance-backed Netmeds, PharmEasy and Apollo 24|7 in the e-pharmacy and diagnostics market.

Sources

  • Entrackr: consolidated revenue, subsidiary split, loss figures, balance sheet detail, Tata Digital acquisition context
  • Indian Retailer: corroborated revenue growth, subsidiary performance, combined assets
  • Medical Buyer: Healthcare Solutions turnover and loss trajectory, Technologies profit drop, Chandrasekaran quote context
  • D2C Insider Pulse: consolidated revenue, combined assets, competitive positioning
  • The Ken: diagnostics annualised revenue, five-year revenue growth context, profitability trajectory framing

Reporting compiled and contextualised by TechScoop India. Figures reconciled across the sources above.

Originally reported by entrackr.