ID Fresh Food’s revenue tops Rs 680 Cr; profit surges 10X on deferred tax gains
The jump in consolidated net profit was primarily driven by a Rs 24.89 crore deferred tax credit, which boosted post-tax earnings even as operating costs continued to climb for ID Fresh Foods.
ID Fresh Food Pvt. Ltd., the maker of ready-to-cook and freshly prepared food products such as idli-dosa batter and parottas, on Monday posted a sharp rise in profit for the year ended March 2025, as strong revenue growth and a one-time tax credit lifted its bottom line.
Consolidated net profit surged to Rs 50.75 crore, up from Rs 4.43 crore in FY24, according to the company’s latest financial statements. The jump was primarily driven by a Rs 24.89 crore deferred tax credit, which boosted post-tax earnings even as operating costs continued to climb.
Revenue from operations grew 22% to Rs 681.38 crore, compared with Rs 557.85 crore in the previous year.
Nearly all of ID Fresh Food's income came from product sales, while other operating revenue, such as scrap sales and export incentives, contributed just Rs 49 lakh.
Rising costs, lean balance sheet
Despite the surge in top-line, total expenses increased 19% year-on-year (YoY) to Rs 661.49 crore. Raw material and manufacturing costs accounted for the largest share at Rs 332 crore, or nearly half of overall expenditure, reflecting the company’s scale-up in production and distribution.
Employee benefits rose to Rs 143.9 crore, or 21% of revenue, while logistics and marketing expenses—grouped under “Other Expenses”—amounted to Rs 170.17 crore.
Profit before tax more than doubled to Rs 26.73 crore, from Rs 13.02 crore in the previous year. After the deferred tax credit, net profit ballooned to Rs 50.75 crore, translating into a sharp improvement in net margins.
The company’s total assets expanded 38% to Rs 320.25 crore, backed by increased investments in property, plant, and equipment (Rs 29.71 crore) and capital work-in-progress (Rs 7.92 crore). Meanwhile, cash and bank balances rose to Rs 99.22 crore, indicating a strong liquidity buffer, while total borrowings remained minimal at just Rs 1.87 crore.
Trade receivables climbed to Rs 62.95 crore, and inventories stood at Rs 17.56 crore, suggesting the company is extending more credit to distributors amid rapid expansion. Shareholders’ equity rose to Rs 231.38 crore, aided by retained earnings and a large employee stock option (ESOP) reserve of Rs 52.62 crore.
Healthy cash flows and continued capex
Operating cash flow remained solid at Rs 33.36 crore, supported by higher profitability and disciplined working capital management.
The company spent Rs 28.28 crore on capital expenditure—largely towards facility upgrades and capacity expansion—while it invested cash inflows from operations to fund growth internally.
While ID Fresh doesn’t disclose category-wise revenue, industry observers estimate that idli-dosa batter products account for nearly half its sales, followed by parottas, chapatis, and dairy products such as paneer and curd.
India remains the company’s largest market, contributing about 85–90% of sales, with exports to the UAE, US, and Singapore.
Edited by Suman Singh