Farmley Nears ₹400 Crore Revenue in FY25, Slashes Losses Amid Rapid Expansion
NOIDA, India — Healthy snacking brand Farmley has reported a significant surge in its financial performance for the fiscal year ending March 2025 (FY25). The company’s operating revenue jumped by 71%, reaching ₹394 crore, up from ₹230 crore in the previous fiscal year.
Financial Highlights: High Growth, Narrowing Losses
Despite a heavy push for market expansion and brand building, the Noida-based startup managed to keep its bottom line in check.
Revenue Surge: Total income, including non-operating sources, stood at ₹396 crore.
Loss Reduction: Net losses narrowed by 15%, falling to ₹22.5 crore in FY25 from ₹26.5 crore in FY24.
Operational Efficiency: The company improved its unit economics, spending ₹1.06 to earn every rupee of operating revenue, compared to ₹1.12 in the prior year.
Marketing Investment: Advertising and promotional expenses doubled to ₹52 crore as the brand aggressively targeted customer acquisition.
Key Growth Drivers
The growth was largely fueled by Farmley’s strong presence in Quick Commerce (platforms like Blinkit and Zepto) and its specialized "farm-to-palm" supply chain. Raw material costs remain the company’s largest expenditure, accounting for 67% of total costs at ₹281 crore.
Founded in 2017 by IIT alumni Akash Sharma and Abhishek Agarwal, Farmley has moved beyond simple dry fruits into value-added categories like flavored makhanas, date bites, and trail mixes.
Future Outlook: Target ₹1,000 Crore
Supported by a recent $40 million Series C funding round led by L Catterton, Farmley is now eyeing a massive scale-up.
FY26 Target: The company aims to double its revenue to ₹600–700 crore in the next fiscal.
Long-term Goal: Management has set a target of ₹1,000 crore turnover within the next 2.5 years.
Expansion: Plans include a new manufacturing facility near Noida and deeper penetration into South and East Indian markets.