This Noida-based healthy snacking brand, Farmley, founded by IITians has reached ₹394 Cr operating revenue in FY25, up from ₹230 Cr in FY24

Healthy snacking brand Farmley is nearing the ₹400 crore revenue mark. The Noida-based company reported operating revenue of ₹394 crore in FY25, up from ₹230 crore in FY24, a 71% year-on-year growth, while continuing to bring down losses.

Farmley’s latest numbers show that sales are growing faster than costs, which has helped the company improve its financial position over time.

Farmley: A Healthy Snacking Brand Started by IIT Founders

Farmley was founded in 2017 by Akash Sharma and Abhishek Agarwal. Based in Noida, the company focuses on everyday healthy snacks such as almonds, cashews, raisins, dates, roasted nuts, seeds, trail mixes, makhana snacks, and date-based products. Over the years, the brand has expanded its range to more than 100 products.

The company sources raw materials directly from over 5,000 farmers in India and overseas markets. Farmley first operated as a bulk supplier but later shifted to selling directly to consumers. This move helped improve margins and allowed the brand to connect better with customers. 

Today, Farmley sells through Amazon, Flipkart, Blinkit, Zepto, BigBasket, more than 22,000 retail stores, and also exports to markets such as the US, Australia, Singapore, and the Middle East.

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Farmley’s Revenue and Funding 

In FY25, Farmley’s operating revenue rose to Rs 394 crore, up from Rs 230 crore in FY24. Total income for the year stood at Rs 396 crore. Growth came from higher online sales, strong demand on quick delivery apps, and wider reach in offline stores.

To fund expansion, Farmley has raised around $55 million, or Rs 456 crore, so far. Its largest round was a $40 million Series C in May 2025, led by L Catterton along with DSG Consumer Partners and BC Jindal Group. 

The company has also raised capital through seed and Series A rounds. Despite multiple fundraises, the founders continue to hold about 52% of the company.

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Farmley’s Expense Structure and Cost Trends

Buying nuts and dry fruits remains Farmley’s biggest cost. In FY25, this expense reached Rs 281 crore and accounted for nearly two-thirds of total spending. The rise was mainly due to higher sales volumes.

Spending on ads increased to Rs 52 crore as the company invested more in online and quick delivery platforms. Employee costs rose to Rs 27 crore following new hiring, while delivery and transport costs went up to Rs 20 crore as Farmley expanded into more cities.

Overall expenses stood at Rs 419 crore in FY25, compared to Rs 257 crore in FY24. Even with higher spending, efficiency improved. Farmley spent Rs 1.06 to earn every Rs 1 of revenue, compared to Rs 1.12 the year before.

Farmley's Profit, Loss and Margins: Losses Continue to Fall

Farmley is yet to turn profitable, but losses are reducing. In FY25, net loss came down to Rs 22.5 crore from Rs 26.5 crore in FY24. This happened because revenue grew faster than overall costs.

The operating loss margin improved to -3.68%. By the end of the year, Farmley had Rs 22 crore in cash and current assets worth Rs 163 crore, which supports day-to-day operations and future plans.

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Farmley's Year-on-Year Growth Comparison 

Over the last four years, Farmley’s finances show clear improvement. In FY22, the company reported revenue of about Rs 204 crore but posted very high losses due to heavy spending. In FY23, revenue dropped to Rs 170 crore, while losses fell sharply as costs were brought under control.

FY24 marked a recovery, with revenue rising to Rs 230 crore and losses reducing to Rs 26.5 crore. FY25 was the strongest year so far, with revenue jumping to Rs 394 crore and losses shrinking further to Rs 22.5 crore.

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What’s Next for Farmley

In May 2025, Farmley raised $40 million to invest in new facilities, exports, distribution, and technology. A key plan is a new factory in Noida, expected to cost Rs 40–50 crore and begin operations by FY27. This facility will double production capacity.

For FY26, Farmley is targeting revenue between Rs 600 crore and Rs 700 crore. Growth is expected to come from offline stores, quick delivery platforms, and tighter cost control. Competition in healthy snacks remains strong, but Farmley’s recent performance shows it is growing with better financial discipline.

Author’s Note: The financial data in this article are based on reports published by Entrackr.