iD Fresh Food Targets ₹2,500 Crore Revenue in Four Years Amid Expansion Plans
iD Fresh eyes Rs 2,500-cr revenue in 4 years, says India CEO
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iD Fresh Food, a ready-to-cook packaged food company based in Bengaluru, aims to achieve ₹2,500 crore (approximately $300 million USD) in revenue over the next four years. CEO Rajat Diwakar highlighted plans for new plants and increased capacity to meet rising demand, projecting significant growth in the coming years.
- 01iD Fresh Food projects ₹2,500 crore revenue in four years.
- 02The company has a current revenue of ₹680 crore and a CAGR of 20% over the last five years.
- 03Plans include setting up new plants and enhancing existing ones across India.
- 04Household penetration for current products is only 3%, indicating growth potential.
- 05Expansion into Eastern markets and potential international growth in Saudi Arabia are underway.
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iD Fresh Food, headquartered in Bengaluru, is targeting a revenue of ₹2,500 crore (approximately $300 million USD) within the next four years, as stated by CEO Rajat Diwakar. The company, which currently generates around ₹680 crore in revenue, has experienced a 20% CAGR over the past five years. To achieve its ambitious goal, iD Fresh plans to expand its distribution network and innovate its product line while capitalizing on the growing consumer preference for fresh, convenient food solutions. Diwakar noted that household penetration for their products remains low at just 3%, presenting significant growth opportunities. The company is also focused on enhancing its manufacturing capabilities, with upgrades to existing plants and potential new facilities in Eastern India and Saudi Arabia. Diwakar mentioned that while there are no immediate plans to go public, the company is on track to meet its previous target of becoming a ₹1,000 crore company by FY'27.
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The expansion and growth of iD Fresh Food could lead to increased job opportunities in manufacturing and distribution, as well as greater availability of fresh food products for consumers.
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