Bengaluru, July 7 -- Cult.fit, India's largest organized fitness chain, is asking public market investors to bet on more than gyms, according to its draft initial public offering prospectus reviewed by Mint.

Revenue from non-membership businesses such as its Cult Store products arm, corporate wellness, franchise fees, royalty income and advertising is growing faster than its core gym business, with product sales up 60% to Rs.522 crore in the year ended March 2026. Revenue from services grew 31% to Rs.1,104 crore in the same period.







The company remains loss-making, with full-year losses of Rs.252 crore in FY26 compared to Rs.481 crore loss the year before and Rs.888 crore loss in FY24.

The IPO comprises up to Rs.950 crore in newly...