DSM Fresh Foods, the parent company of omnichannel meat delivery and processed foods brand Zappfresh, reported a 58% year-on-year increase in revenue from operations to approximately ₹74 crore during the first quarter of FY27, according to its provisional business update.
Following the completion of its Meevaa Foods acquisition in the first week of July, the combined business is now operating at an approximate pro forma quarterly revenue run rate of ₹85 crore, including Meevaa’s contribution.
The company attributed its strong quarterly performance to continued retail expansion, wider omnichannel distribution, and growing traction across both its consumer (B2C) and institutional (B2B) businesses.
During the quarter, DSM Fresh Foods added more than 70 enterprise customers across domestic and export markets while expanding its presence across e-commerce, quick commerce, and modern retail channels. As part of its quick commerce strategy, Blinkit deliveries commenced in Mumbai, further strengthening the brand’s consumer reach.
Zappfresh also expanded its retail footprint to nearly 200 co-branded outlets, surpassing its FY27 target of 150 outlets ahead of schedule. The company now plans to accelerate retail expansion throughout FY27 as it aims to increase the contribution of its higher-margin B2C business.
On the supply side, DSM Fresh Foods strengthened its farm-to-fork ecosystem by onboarding 10 new sourcing partners and initiating 270 acres of land aggregation as part of its backward integration strategy. The company now works with more than 1,700 seafood farmers across its sourcing network and has incorporated Varuna Aquatech Pvt. Ltd. to support the long-term development of its aquaculture platform.
Internationally, the company expanded its distribution network across the United Kingdom, Canada, and GCC markets, while also onboarding a new distribution partner in Dubai.
Looking ahead, DSM Fresh Foods has reiterated its FY28 guidance of ₹600 crore in revenue, supported by an expected EBITDA margin of 18–20%. The company plans to drive growth through continued retail expansion, value-added product offerings, and deeper backward integration across its integrated farm-to-fork platform.
Source: Based on publicly available reporting, with additional editorial adaptation and analysis.
