Farmley FY25: Loss Narrows, Revenue Soars 71% To INR 394 Cr

SUMMARY

Farmley derived 99.6% of its operating revenue (INR 393 Cr) from domestic sales, while the remaining INR 70.13 Lakh came through exports

In line with its strong topline performance, Farmley’s total expenditure also soared 266.2% to INR 36.1 Cr in FY25 from a mere INR 9.9 Cr in FY24

Founded in 2017, Farmley sells dry fruits and nuts in different flavours and snacking formats such as roasted peri peri makhanas, thai chilli cashews and date bites

D2C snacking brand Farmley narrowed its net loss by nearly 15% to INR 22.6 Cr in the fiscal year 2024-25 (FY25) from INR 26.5 Cr in the previous year.

Meanwhile, the startup’s operating revenue soared 71.2% to INR 394.2 Cr during the year under review from INR 230.2 Cr in FY24. Farmley earned 99.6% of its operating revenue (INR 393 Cr) from domestic sales, while the remaining INR 70.13 Lakh came via exports.

Including other income of INR 2.2 Cr, Farmley’s total revenue rose almost 72% year-on-year (YoY) to INR 396.5 Cr in FY25.

Founded in 2017 by Abhishek Agarwal and Akash Sharma, Farmley sells dry fruits and nuts in different flavours and snacking formats such as roasted peri peri makhanas, thai chilli cashews and date bites, among others.

The D2C brand sells its products via both ecommerce and quick commerce platforms like Amazon, Flipkart, Blinkit, Zepto, Instamart and Big Basket. It also claims to have a presence at more than 15,000 retail counters across India.

The Delhi NCR-based startup has raised $54.7 Mn in funding to date from the likes of L Catterton, Omnivore, Alkemi Growth Capital, Insitor, DSG Consumer Partners, among others.

D2C snacking brand Farmley narrowed its net losses by nearly 15% to INR 22.6 Cr in the fiscal year 2024-25 (FY25) compared to INR 26.5 Cr in the year ago period.

Zooming Into Farmley’s FY25 Expenses

In line with its strong top line performance, Farmley’s total expenditure grew over 62% to INR 419 Cr in FY25 from INR 257.2 Cr in FY24.

Employee Benefit Expenses: Employee costs, which include salaries, wages, bonus, gratuity, and staff welfare, surged 70.6% to INR 27.2 Cr from INR 15.9 Cr in FY24.

Cost Of Materials Consumed: The D2C brand spent INR 280.8 Cr under this bucket, or 67% of its overall expenses, in FY25, up 53.2% from 183.3 Cr in the previous year.

Marketing Expenses: Farmley spent INR 51.8 Cr on marketing initiatives during the year under review, up 95.7% from INR 26.5 Cr in FY24.