India, Dec. 29 -- After turning profitable in FY24, D2C fashion brand The Souled Store extended its profitability streak in FY25. However, its net profit declined 38% to INR 11 Cr in FY25 from INR 17.7 Cr in the previous year, reflecting the absence of a tax credit booked in FY24.

The startup had a tax outgo of INR 1.8 Cr during the year under review as against a tax credit of INR 7.6 Cr in FY24. Its profit before tax rose 26% to INR 12.8 Cr in FY25 from INR 10.1 Cr in FY24.

Meanwhile, operating revenue jumped 37% to INR 492.4 Cr in FY25 from INR 360.2 Cr in the previous year.

Including other income of INR 7.9 Cr, total income stood at INR 500.1 Cr as against INR 368.5 Cr in the previous year.

Founded in 2013 by Vedang Patel, Rohin Sa...