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Earnings Call

DSM Fresh Foods Earnings Call: Key Takeaways

DSM Fresh Foods (Zappfresh) reported strong FY26 performance with Revenue at ₹2,208 Mn, up 68.9% YoY, and PAT at ₹143 Mn, up 58.8% YoY.

Why this was an Alfa AlertManagement guides >50% YoY growth with a target of 70-80% Revenue CAGR reaching ₹7,000-8,000 Mn by FY28.
Highlights
Revenue growth68.9% YoY for FY26; guided 70-80% CAGR through FY28.
MarginsEBITDA margin at 14.1%; targeting expansion to 17-19% by FY28.
Demand visibilityStrong; expanding in consumption-heavy cities and e-commerce platforms.
Management confidenceHigh; focused on scaling responsibly via 'Acqui-Hiring' and backward integration.

Growth

Revenue CAGR of 58% (FY23-26) and EBITDA CAGR of 116% driven by expansion and acquisitions.

Outlook

Targeting ₹7,000-8,000 Mn revenue by FY28 (70-80% CAGR) with 17-19% EBITDA margins and 500 retail stores.

Risks

High working capital cycle of 67 days; competitive meat and ready-to-eat market landscape.

Source

Earnings Call filed with BSE, BSE: 544568. Summary written with AI assistance from the document.

Read the document ↗

DSM Fresh Foods Ltd: key numbers

Share price
₹49.36
Market cap
₹110.0 Cr
Revenue (annual)
₹220.8 Cr
Net profit (annual)
₹14.34 Cr
P/E (TTM)
7.7×Sector 29.0×
Promoter holding
28.16%
FII holding
1.25%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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DSM Fresh Foods Limited has filed its Annual Report for the financial year 2025-26, as required under Regulation 34 of the SEBI LODR Regulations.

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The company is notifying shareholders without registered email addresses about accessing the Annual Report 2025-26 and reminding them to update KYC and dematerialize physical securities.

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DSM Fresh Foods Limited has scheduled its 11th Annual General Meeting on September 29, 2026. The book closure and e-voting cut-off dates have been fixed accordingly.

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Zappfresh board approved shifting its registered office to Haryana and reclassifying its authorised share capital. It also approved an ESOP scheme and related party transaction remuneration.