DSM Fresh Foods Reports Robust H1FY26 Results: Revenue Up 43%, PAT Nearly Triples
DSM Fresh Foods Limited, operating under the brand Zappfresh, announced impressive financial results for H1 FY26. Revenue increased by 43% to ₹95.85 crore, EBITDA surged 188% to ₹14.92 crore, and PAT nearly tripled to ₹7.03 crore. The company strengthened its supply chain, deepened HORECA partnerships, and maintained a comfortable leverage position. Key appointments were made to enhance corporate governance and strategic planning. The company's performance reflects the strength of its integrated fresh food supply chain model and positions it well in the rapidly formalizing fresh meat and ready-to-cook market in India.

*this image is generated using AI for illustrative purposes only.
DSM Fresh Foods Limited , a leading player in the fresh protein and ready-to-cook food category, has announced strong financial results for the half year ended September 30, 2025 (H1 FY26). The company, which operates under the brand name Zappfresh, has demonstrated significant growth across key financial metrics, underlining the strength of its integrated fresh food supply chain model.
Financial Highlights
DSM Fresh Foods has reported impressive year-on-year growth in its key financial indicators:
| Metric | H1 FY26 (₹ crore) | H1 FY25 (₹ crore) | YoY Growth |
|---|---|---|---|
| Revenue | 95.85 | 67.03 | 43% |
| EBITDA | 14.92 | 5.18 | 188% |
| PAT | 7.03 | 2.44 | 188% |
| Gross Profit | 32.17 | 19.18 | 68% |
The company's revenue rose by 43% to ₹95.85 crore, while EBITDA surged by 188% to ₹14.92 crore. Notably, the Profit After Tax (PAT) nearly tripled, reaching ₹7.03 crore, marking a 188% increase from the previous year.
Operational Highlights
- Strengthened supply chain and deepened partnerships with HORECA (Hotel/Restaurant/Café) clients.
- Increased working capital cycle due to extended credit to key B2B clients, aimed at supporting sales momentum.
- Maintained a comfortable leverage position to support future growth.
Management Commentary
Deepanshu Manchanda, Founder & CEO of DSM Fresh Foods, commented on the performance: "This is our first result post-listing, and it reinforces the confidence the market placed in us. The numbers clearly reflect the strength of our model — a profitable, digitally native, high-frequency food business. Delivering 43% revenue growth and nearly tripling EBITDA and PAT within a year underscores the scalability of our integrated supply chain and the loyalty of our customer base."
Manchanda further added, "The fresh meat and ready-to-cook market in India is formalising rapidly. Consumers are choosing clean, hygienic, trustworthy brands — and Zappfresh stands right at the center of this shift. With our strengthened cold-chain backbone, category-driven strategy, and expanding metro presence, we remain committed to sustainable, profitable, and long-term value creation for our shareholders."
Corporate Developments
DSM Fresh Foods announced several key appointments:
- Ms. Surbhi Bansal appointed as Secretarial Auditor for FY 2025-26.
- M/s A H S G & Co. LLP appointed as Internal Auditor for FY 2025-26.
- Mr. Akhil Gupta appointed as Chief Strategy Officer, bringing over 22 years of experience in the financial services industry.
These appointments are expected to strengthen the company's corporate governance and strategic planning capabilities.
Outlook
DSM Fresh Foods' strong performance in H1 FY26, with revenue already at 73% of the previous full-year figure, indicates robust growth momentum. The company's focus on strengthening its integrated supply chain, expanding its metro presence, and deepening partnerships with HORECA clients positions it well to capitalize on the rapidly formalizing fresh meat and ready-to-cook market in India.
As the company continues to execute its growth strategy, investors and market observers will be watching closely to see if DSM Fresh Foods can maintain this growth trajectory in the coming quarters.
Historical Stock Returns for DSM Fresh Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.73% | +1.17% | +27.64% | +40.71% | +40.71% | +40.71% |



























