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iD Fresh sees Rs 2,500-cr revenue in 4 years driven by demand & convenience
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Thursday, 16 April, 2026, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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iD Fresh Food is working to scale up its business, with plans to touch Rs 2,500 crore in revenue over the next four years. The company, backed by PremjiInvest, Azim Premji's family investment arm, Rajat Diwakar, CEO, iD Fresh Food (India) said that the expansion comes with the strong demand trends across geographies and the categories in which it operates, Plans are underway to set up new plants across India and enhance the capacity of existing plants to meet demand.
"With the kind of growth that we are seeing in the Indian economy, the adoption of our core categories across all geographies, at least in my mind, there is no doubt that we can be a billion-dollar business in ten to fifteen years," said Diwakar as per a news agency report.
Diwakar added that the company's immediate target is to achieve Rs 2,500 crore in turnover over the next four years, driven by expanding distribution, product line innovation, and increasing consumer preference for fresh, convenient food solutions.
Founded in 2005, the company has a presence in over 100 cities. Its revenue was around Rs 680 crore in FY25. It has been growing with a CAGR of around 20 per cent over the last five years, said Diwakar.
According to the news report, the company does not have any plans to go public. Diwakar said, "We do not have any concrete plans yet on listing. At some point in time, yes. To list a company, a lot of things have to fall in place. I don't think we are there yet. Once we think that all the pieces are in place for that, that's probably when we will have a date."
The company's immediate focus remains on scaling distribution, innovating product lines, and tapping into rising consumer preference for fresh, convenient food solutions.
iD Foods, which had earlier set a target to become a Rs 1,000 crore company in FY'27, is "pretty much on track to achieve this milestone. “So far, the growth has been in line with our expectations and we are hoping that we will achieve this milestone over a period of the next 1 to 1.5 years, he said adding that it will continue to grow and have products which would be adjacent to our categories, as per the news report
"But, in the foreseeable future, 95 per cent of our business will continue to come from fresh categories," he said adding the household penetration across India of its current categories is not more than 3 per cent". There is opportunity available in increasing household penetration in own categories, which provides "enough headroom there itself for us to continue to grow," according to the news report.
As part of its growth journey, the company will continue to invest in innovation and new product development, he said. The first priority for the company is to continue to grow household penetration in existing categories.
It is also now expanding in Eastern markets, where it has a manufacturing alliance in Kolkata. It is now available in the entire Eastern markets of Bihar, Jharkhand, Odisha, West Bengal and Chhattisgarh.
When asked about its own plant for the Eastern region, Diwakar said: "My sense is it will take another two to three years before we reach that scale in certain parts of the country where we start investing in our own plant, said the news report.
iD Fresh has four plants at Bengaluru, Mumbai (Bhiwandi), Delhi NCR and Hyderabad. Its Bengaluru plant is the largest, serving Tamil Nadu, Kerala, and local requirements.
On the investment pipeline, Diwakar said the company is upgrading existing plants. While three plants have been upgraded in the last year, the remaining Mumbai plant will be completed over the next year, and investment would be anything between Rs 15 crore and Rs 30 crore.
iD Fresh is also envisaging having a plant in Saudi Arabia. "That should happen within the next one and a half to two years as well," said Diwakar. It has a strong presence in the GCC, with Saudi Arabia as the largest market, followed by the UAE as per the news report.
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