Healthy snacking brand Farmley is closing in on the ₹400 crore revenue milestone, reporting operating revenue of ₹394 crore in FY25. This marks a sharp 71% year-on-year growth from ₹230 crore in FY24, as the company continued to improve efficiency and reduce losses. Sales grew faster than expenses, strengthening its overall financial position.
Founded in 2017 by IIT alumni Akash Sharma and Abhishek Agarwal, the Noida-based company offers a wide range of snacks including almonds, cashews, raisins, dates, roasted nuts, seeds, trail mixes, makhana snacks, and date-based products. Its portfolio has expanded to over 100 products, with raw materials sourced directly from more than 5,000 farmers in India and overseas.
Farmley began as a bulk supplier but later shifted to a direct-to-consumer model, helping improve margins and build stronger customer connections. Today, it sells through platforms such as Amazon, Flipkart, Blinkit, Zepto, and BigBasket, along with over 22,000 offline stores. The company also exports to markets including the US, Australia, Singapore, and the Middle East.
In FY25, total income stood at ₹396 crore, driven by growth in online channels, quick commerce platforms, and offline expansion. Farmley has raised around $55 million so far, including a $40 million Series C round in May 2025 led by L Catterton, with participation from DSG Consumer Partners and BC Jindal Group. The founders currently hold about 52% stake in the company.
While the cost of nuts and dry fruits remained the largest expense at ₹281 crore, overall efficiency improved. Total expenses came to ₹419 crore, with ad spending at ₹52 crore, employee costs at ₹27 crore, and logistics at ₹20 crore. Net loss narrowed to ₹22.5 crore from ₹26.5 crore, and the operating loss margin improved to -3.68%. Over the past four years, Farmley has steadily grown revenue while cutting losses, pointing to stronger cost control and sustainable growth.
Note: Financial data are based on reports published by Entrackr.
