logo
Healthy snacking brand Farmley aims to double revenue to Rs 600-700 cr in FY26

Healthy snacking brand Farmley aims to double revenue to Rs 600-700 cr in FY26

Time of India2 days ago
Healthy snacking
brand
Farmley
expects revenue to nearly double to Rs 600-700 crore in the current financial year, driven by growing demand for
nutritious snacks
, the company said on Friday.
The Noida-headquartered startup, founded in 2017 by two
Indian Institute of Technology
alumni, reported a revenue of Rs 370 crore during FY 2024-25.
"We aim for Rs 600-700 crore revenue in the current fiscal with expansion of our presence in both offline and online channels," the company's CEO and co-founder Akash Sharma told PTI at a
healthy snacking summit
.
Farmley plans to invest Rs 40-50 crore in a new factory near Noida to boost production capacity, with the facility expected to be operational next year, Sharma said. The company hopes to achieve profitability in the current financial year.
The firm's product portfolio includes dry fruits, seeds, healthy snacks, savouries and ready-to-eat mixes, focusing on quality, nutrition and affordability.
A company report released on Friday showed
roasted and flavoured dry fruits
were the most preferred savoury snack among 36 per cent of respondents, while 19 per cent specifically chose makhana, a type of puffed lotus seed.
Over 55 per cent of survey participants said they actively seek clean,
preservative-free snacks
, while 52 per cent prefer resealable,
eco-conscious packaging
. Nearly 45 per cent of consumers favour portable snack formats like dry fruit-based desserts and energy bars.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

With surging demand, India emerges as Malaysia's largest importer of germinating oil palm seeds
With surging demand, India emerges as Malaysia's largest importer of germinating oil palm seeds

The Hindu

time19 minutes ago

  • The Hindu

With surging demand, India emerges as Malaysia's largest importer of germinating oil palm seeds

India has emerged as Malaysia's largest importer of germinated oil palm seeds, with demand surging as the country accelerates efforts to boost domestic palm oil production and reduce import dependency. India imported 3.03 million tonnes of palm oil from Malaysia in 2024, representing 17.9% of Malaysia's total palm oil exports and making it the top destination for Malaysian palm oil. If India gives land, we will work together to produce palm oil here, says visiting Malaysian Minister "There has been a noticeable increase in demand for Malaysian oil palm seeds, particularly from India," Malaysian Palm Oil Board Director General Ahmad Parveez Ghulam Kadir told PTI, citing India's push to expand domestic production. India aims to rapidly expand palm oil cultivation to one million hectares by 2025-26 and achieve nearly 2.8 million tonnes of crude palm oil production by 2029-30 under its National Mission on Edible Oils-Oil Palm scheme. The country currently has about 3,70,000 hectares under palm oil cultivation as of mid-2025, focussing particularly on northeastern States and island regions. Malaysia looks for new markets for palm oil as EU threatens with stricter ecological regulations 'The seed trade, however, remains largely informal, with supplies conducted on an ad hoc basis through one-off consignments without formal contracts or long-term agreements,' Mr. Kadir noted. Most transactions happen through business-to-business arrangements where Malaysian exporters provide quality planting materials and technical expertise. "Malaysia welcomes this development as it reflects confidence in the quality of our seeds and our longstanding partnership with India," he said. The development comes even as Malaysia's palm oil exports to India have moderated following New Delhi's recent reduction in tariffs on crude palm oil. Mr. Kadir said India's tariff adjustments are part of broader policy measures to manage domestic supply and keep cooking oil prices affordable for consumers. "While Malaysia has seen some moderation in export volumes to India, we remain a key and reliable supplier, and the Indian market continues to be a priority," he said. Malaysia is engaging stakeholders to strengthen its position in food manufacturing and hospitality segments where demand remains strong, while promoting sustainable palm oil certified under the Malaysian Sustainable Palm Oil standard. The Malaysian Palm Oil Board has developed new high-yield varieties through breeding programmes that can potentially produce more than 30 tonnes of fresh fruit bunches per hectare annually, nearly double Malaysia's national average of 15.47-16.73 tonnes recorded between 2020-2023. Palm oil imports in May jump 87% to six-month high in India, dealers say The improved varieties also have slower height growth, extending economic lifespan from 25 years to more than 30 years while facilitating harvesting operations. 'Current Malaysian commercial seeds are suitable for cultivation in India with proper farming practices and adequate irrigation,' Mr. Kadir said, noting the materials have performed well under tropical conditions similar to many Indian regions with sufficient rainfall. 'Research efforts are under way to develop climate-resilient varieties with improved drought tolerance, though none have been commercially released yet,' he added.

Rs 44000000000! But Mukesh Ambani wants to separate this business from Reliance because…, it is…
Rs 44000000000! But Mukesh Ambani wants to separate this business from Reliance because…, it is…

India.com

time19 minutes ago

  • India.com

Rs 44000000000! But Mukesh Ambani wants to separate this business from Reliance because…, it is…

Mukesh Ambani-led Reliance Industries is all set to take out its FMCG (Fast-Moving Consumer Goods) business into a separate entity and a move expected to be completed within this year depends on regulatory approvals. Currently, this business operates under Reliance Retail, but soon it will function as an independent unit within the broader Reliance Industries umbrella. During the Q1 FY2025 earnings conference call, it was confirmed that the FMCG vertical of Reliance Retail will be demerged and launched as a standalone company. Reliance Retail Growth Dinesh Taluja, CFO and Head of Corporate Development at Reliance Retail, said the company witnessed 11% year-on-year growth in Q1. Both the grocery and fashion segments performed strongly, while consumer electronics saw some slowdown due to an early monsoon. He stated that Reliance has a well-diversified portfolio in multiple categories which gives stable performance. During this quarter, Reliance opened 388 new stores, taking the total store count to over 19,600. Additionally, the company recorded a 16% YoY rise in customer transactions. The FMCG division saw big momentum, with Q1 revenue reaching Rs 4,400 crore, nearly double compared to the same period last year. Reliance Retail Sales Reliance noted that nearly 70% of its FMCG sales come from general trade, i.e., small neighborhood stores. While Reliance operates its own retail outlets (both B2C and B2B), it has also developed a nationwide distribution network to ensure product availability across regions. During this year's IPL, Reliance launched an ad campaign for its Campa Cola brand which gave good results. The company thinks this will also give stronger future sales for Campa and other products. Reliance is also setting up new factories and R&D labs across India. These facilities will incorporate automation and advanced technologies to ensure high-quality products at affordable prices. The goal is to make consumer products that are both appealing and economical. Reliance Retail New FMCG Brand The company stated that while its FMCG and retail businesses currently function distinctly, the demerger will formalize this separation. Both businesses will operate separately with professional independence. The new FMCG company will soon operate under the name 'Reliance Consumer Products Limited (RCPL),' housing brands like Campa Cola.

Bengaluru Hebbal–Silk Board tunnel road may add to traffic snarls, add 22 gridlock situations: Detailed Project Report
Bengaluru Hebbal–Silk Board tunnel road may add to traffic snarls, add 22 gridlock situations: Detailed Project Report

Indian Express

time19 minutes ago

  • Indian Express

Bengaluru Hebbal–Silk Board tunnel road may add to traffic snarls, add 22 gridlock situations: Detailed Project Report

The Detailed Project Report (DPR) for Bengaluru's ambitious Hebbal–Silk Board underground tunnel has indicated that fewer vehicles are expected to use the corridor in a no-toll scenario than in one where tolls are levied, both towards the city and the airport, suggesting more traffic congestion with tolls. This anomaly, revealed through a review of the traffic projections for the proposed 16.75 km tunnel, has raised eyebrows about the integrity of the demand modelling used to justify the project's viability. Karnataka Deputy Chief Minister D K Shivakumar had earlier emphasised that 'without toll, the tunnel road project will not work.' The numbers defy logic, say mobility experts, who argue that tolling infrastructure generally reduces traffic volumes, as price-sensitive daily commuters, especially those heading into the city, tend to avoid toll roads. According to the final DPR prepared by Rodic Consultants for the Bruhat Bengaluru Mahanagara Palike (BBMP), the number of vehicles (measured in Passenger Car Units or PCUs) projected during the morning peak hour in 2031 is 34,796 in a no-toll scenario. However, if toll is charged, the number drops to 33,057 PCUs (Scenario 2), and even further to 32,304 PCUs in Scenario 3 (alternative alignment with toll). DPR forecasts higher or similar volumes in toll scenarios, especially airport-bound trips in 2041, where Scenario 2 surprisingly shows more traffic than the no-toll scenario. In the morning peak hour projections for 2031, DPR estimates that 19,932 PCUs will travel towards the city and 14,864 PCUs towards the airport in a no-toll scenario, adding to 34,796 PCUs. However, in the toll-based Scenario 2, these numbers drop to 18,731 PCUs towards the city and 14,326 towards the airport at 33,057 PCUs. Scenario 3, another toll-aligned option, shows an even lower 18,405 PCUs city-bound and 13,899 PCUs towards the airport, totalling 32,304 PCUs. The pattern remains similar in 2041, with the no-toll scenario projecting 26,215 PCUs towards the city and 19,489 towards the airport (at 45,704 PCUs), compared to Scenario 2's 24,949 city-bound and 19,994 airport-bound PCUs (total: 44,943), and Scenario 3's 24,809 city-bound and 19,664 airport-bound PCUs (total: 44,473). DPR also proposes a toll of Rs 330 (one-way) for a distance of 16 km. The report also highlights that tolls for subsequent years are calculated based on a 5 per cent annual increase in the wholesale price index, with a 40 per cent restriction. Additionally, DPR also warns of at least 22 gridlock situations at entry and exit ramps if ramp capacities are not adequately designed or if traffic management is not strengthened. Some of the potential gridlock locations include the Chalukya Circle, Race Course Road junction, Minerva Circle, Cauvery Junction, Lalbagh West Gate, and other areas. The report recommends the need for additional slip lanes and turning lanes, signal optimisation and real-time monitoring systems. Satya Arikutharam, an urban mobility expert, said, 'BBMP's Tunnel Road proposal upends economic theory. Its traffic analysis outputs suggest that more cars will use the Tunnel Road facility when tolled. The entire transport modelling work is flawed, and the all-important modal share is just arbitrarily lifted from the old Comprehensive Mobility Plan (CMP). The DPR is flawed and unreliable, and I do not expect any credible bids for the tender.' Rajkumar Dugar, convenor, Citizens4Citizens forum, said, 'The tunnel road project is likely to do the exact opposite of what it promises. Any minor gain from commuting at an average speed of 50 kmph inside the tunnel will be almost entirely wiped out at the entry and exit points. Worse, it will create traffic chaos for those who aren't even using the tunnel. If the goal is truly to free up the roads, what's needed is a serious push for public transport — buses, metro, suburban rail and more.' Sanath Prasad is a senior sub-editor and reporter with the Bengaluru bureau of Indian Express. He covers education, transport, infrastructure and trends and issues integral to Bengaluru. He holds more than two years of reporting experience in Karnataka. His major works include the impact of Hijab ban on Muslim girls in Karnataka, tracing the lives of the victims of Kerala cannibalism, exploring the trends in dairy market of Karnataka in the aftermath of Amul-Nandini controversy, and Karnataka State Elections among others. If he is not writing, he keeps himself engaged with badminton, swimming, and loves exploring. ... Read More

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store