Noida-based healthy snacking company Farmley is closing in on the ₹400 crore milestone after posting strong growth in the financial year ended March 2025. Founded by IIT alumni Akash Sharma and Abhishek Agarwal, the company reported operating revenue of ₹394 crore in FY25, up sharply from ₹230 crore a year earlier, translating into a 71 percent year-on-year increase.
The performance reflects Farmley’s steady shift from a bulk supply model to a consumer-facing brand focused on everyday nutrition. The company sells a wide portfolio of dry fruits, roasted nuts, seeds, makhana snacks, trail mixes and date-based products, with its catalogue now spanning more than 100 SKUs.
Sales momentum during the year was driven by rising demand on ecommerce and quick commerce platforms, alongside deeper penetration into offline retail. Farmley currently sells through Amazon, Flipkart, Blinkit, Zepto and BigBasket, while also supplying to over 22,000 physical stores across India. Exports to markets including the US, Australia, Singapore and the Middle East contributed incremental growth.
Higher scale helped improve operating efficiency even as costs rose. Procurement of nuts and dry fruits remained the largest expense at ₹281 crore in FY25. Advertising spends climbed to ₹52 crore as the brand increased visibility across digital and rapid delivery platforms, while employee and logistics costs rose in line with geographic expansion. Total expenses stood at ₹419 crore, compared with ₹257 crore in FY24.
Despite remaining loss-making, Farmley continued to narrow losses. Net loss reduced to ₹22.5 crore in FY25 from ₹26.5 crore the previous year, with the operating loss margin improving to minus 3.68 percent.
The company has raised about $55 million to date, including a $40 million Series C round in May 2025 led by L Catterton. Founders retain a majority stake of roughly 52 percent. Farmley is now preparing to invest ₹40–50 crore in a new Noida manufacturing facility expected to come online by FY27, as it targets ₹600–700 crore in revenue in FY26.
