iD Fresh profit rises 5x to about Rs 26 crore in FY25; revenue up 22% to Rs 681 crore

iD Fresh Food founder Musthafa-PC

Bengaluru-based ready-to-cook foods maker iD Fresh Food reported a strong improvement in its operating performance for FY25, driven by steady demand growth across its core product portfolio and better cost efficiency across manufacturing and distribution. Revenue from operations rose 22 percent to Rs 681.38 crore in FY25, up from Rs 557.85 crore in the previous year, according to the company’s consolidated financial statements.

The company reported a net profit of Rs 50.75 crore in FY25, compared with Rs 4.43 crore in FY24. However, this included a one-time deferred tax credit of Rs 24.89 crore. Excluding this, profit stood at roughly Rs 26 crore, marking a more meaningful five-fold jump from the prior year and reflecting stronger underlying business performance. Profit before tax rose to Rs 26.73 crore from Rs 4.56 crore in FY24.

How did margins improve?

Even as total expenses increased to Rs 661.49 crore from Rs 558.29 crore a year earlier, the company benefited from improved plant utilisation, more predictable demand cycles and tighter cost controls across logistics and distribution.

The shift toward higher throughput in existing markets helped offset inflation in raw material and employee costs.

What drove growth?

Growth continued to be anchored in iD Fresh’s core idli-dosa batter and parota categories, supported by rising adoption of branded, freshly made convenience foods among urban households.

The company also expanded its presence in the UAE, Oman, Saudi Arabia and Bahrain, where it operates through fully controlled subsidiaries, strengthening its footprint in the Middle East fresh foods market.

What does the balance sheet signal?

Operating cash flow improved sharply to Rs 33.36 crore in FY25, from Rs 11.32 crore in FY24, even as the company stepped up capital expenditure to expand manufacturing and cold-chain infrastructure. Cash and bank balances stood at Rs 99.22 crore at the end of FY25, compared with Rs 90.14 crore in FY24, providing comfortable liquidity support for future growth.

What’s next?

The improved operational and financial performance comes as the company is reportedly exploring a potential fundraise, which could support capacity expansion and offer partial exits to early investors.

Sustaining margin gains will remain a key focus, particularly in a fresh foods supply chain that remains sensitive to swings in commodity and logistics costs.