Results · Professional & Local Services

Sid's Farm reports FY25 revenue growth and widening losses

By Startup Enthusiast · 9 January 2026

What they do

Sid's Farm is a Hyderabad-based dairy brand that sources directly from farmers

The company posted Rs 168 Cr revenue in FY25 but reported a Rs 27 Cr net loss

Expenses rose faster than sales, driven by higher material and employee costs

Sid's Farm reported Rs 168 Cr revenue for FY25, up 38% year-on-year.
Total income reached Rs 170 Cr, including Rs 2 Cr in other income.
Total expenses surged to Rs 196 Cr, rising 47% from the previous fiscal year.
The company recorded a net loss of Rs 27 Cr, which is 2.6 times higher than FY24.
Distribution expenses stood at Rs 8 Cr, while transportation costs were Rs 5 Cr.
Employee benefit expenses increased to Rs 25 Cr, matching the overall expense growth rate.
Advertisement spending nearly doubled to Rs 7 Cr from Rs 3.6 Cr in the prior year.
Distribution and transportation costs totaled Rs 13 Cr, with Rs 8 Cr and Rs 5 Cr respectively.

The unit cost per rupee of revenue rose to Rs 1.17 from Rs 1.09 in FY24.
Return on Capital Employed (ROCE) stood at -45.24%, indicating poor capital efficiency.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin was -14.58%.
Cash and bank balances dropped significantly to just Rs 1 Cr as of March 2025.
Current assets were valued at Rs 45 Cr, providing limited liquidity buffer.

Sid's Farm operates as a mass premium dairy brand based in Hyderabad.
The company controls its entire value chain from sourcing to distribution.
It sources milk directly from local farmers to ensure supply chain control.
Financial data covers the fiscal year ending March 2025.
Revenue growth was strong at 38%, outpacing previous years' performance.
Despite revenue growth, profitability deteriorated due to rapid expense expansion.
Material costs remain the largest expense component at 64% of total costs.
Marketing spend doubled, suggesting aggressive customer acquisition or retention efforts.
Logistics costs include both distribution fees and direct transportation expenses.

Omnivore (co-lead) — Venture capital firm co-leading a $10 Mn round.
Narotam Sekhsaria Family Office (co-lead) — Family office co-leading a $10 Mn round.