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iD Fresh Eyes IPO: Global Growth & Snack Expansion
19 Jul
Summary
- International business, led by Gulf markets, will grow faster than India.
- iD Fresh targets 2027 IPO, aiming for top-tier profitability.
- The company expanded into snacks, competing with established players.
iD Fresh Food, a packaged foods maker, is preparing for a potential IPO around October 2027, contingent on market conditions. The company is focused on achieving profitability margins akin to top listed FMCG companies like Nestle India and Britannia Industries. Currently, international markets, primarily the GCC region, contribute nearly a third of iD Fresh's business and are projected to grow faster than its domestic operations.
To facilitate global expansion, iD Fresh utilizes a manufacturing model where 95% of processing occurs in India or its Ajman facility, with the final 5% completed in destination markets. This approach supports its plans for distribution across the UK, US, Canada, Sri Lanka, and Singapore. The company has also recently entered the Indian snacks market, facing competition from established brands.
In fiscal year 2025, iD Fresh reported ₹688 crore in revenue with a profit after tax of ₹50.8 crore. The ready-to-cook market is experiencing significant growth, with the chilled batters segment alone anticipated to reach $400 million in gross merchandise value in 2025. iD Fresh aims to double its size by its IPO, with new products and category expansions expected to be significant revenue drivers.
