Results · Agriculture & Food Systems

DSM Fresh Foods posts 58% revenue jump in Q1

By Startup Enthusiast · 22 July 2026

What they do

DSM Fresh Foods processes and sells seafood under the Zappfresh brand

Q1 FY27 revenue rose 58% to Rs 74 crore, with Meevaa Foods acquisition completed in July 2026

The company targets Rs 600 crore revenue by FY28 with 18-20% EBITDA margin

DSM Fresh Foods, the parent company of Zappfresh, filed a provisional business update for the first quarter of FY27 with stock exchanges.
Revenue from operations in Q1 FY27 was approximately Rs 74 crore, a 58% increase compared to the same quarter last year.
The company completed the acquisition of Meevaa Foods in the first week of July 2026.
On a pro forma basis, including Meevaa Foods, the quarterly revenue run rate is about Rs 85 crore.
Growth was driven by retail expansion, wider omnichannel distribution, and higher traction in consumer and institutional segments.
DSM Fresh Foods added over 70 enterprise customers in domestic and export markets during the quarter.
The company expanded its presence across e-commerce, quick commerce, and modern retail channels, and started Blinkit deliveries in Mumbai.
Its retail footprint now includes nearly 200 co-branded outlets, surpassing the FY27 target of 150 outlets ahead of schedule.

The company plans to accelerate retail expansion through FY27 to increase the contribution of its higher-margin B2C business.
It reiterated its FY28 guidance of Rs 600 crore revenue with an 18% to 20% EBITDA margin.
The guidance is backed by retail expansion, value-added products, and deeper backward integration across its farm-to-fork platform.

DSM Fresh Foods operates a meat delivery and processed foods brand called Zappfresh.
It works with more than 1,700 seafood farmers across its sourcing ecosystem.
The company onboarded 10 new sourcing partners in Q1 and initiated 270 acres of land aggregation for backward integration.
It incorporated Varuna Aquatech Pvt Ltd for long-term aquaculture platform development.
DSM Fresh Foods expanded its international distribution network across the UK, Canada, and GCC markets, and onboarded a distribution partner in Dubai.
The company serves both consumer (B2C) and institutional (B2B) segments through e-commerce, quick commerce, modern retail, and co-branded outlets.

DSM Fresh Foods plans to accelerate retail expansion through FY27 to increase higher-margin B2C business contribution.
It reiterated its FY28 guidance of Rs 600 crore revenue with 18% to 20% EBITDA margin.
The guidance is backed by retail expansion, value-added products, and deeper backward integration across its farm-to-fork platform.