Zappfresh owner DSM Fresh Foods targets ₹600 crore revenue by FY28

DSM Fresh Foods Ltd, the BSE SME-listed company behind the Zappfresh meat brand, is targeting ₹600 crore in revenue by FY28, nearly three times its FY26 turnover of ₹220.8 crore. The company plans to expand its physical retail network to 200 partner-run stores this year, scale its domestic frozen-food business, and push into international markets including the UK, Europe, US, Canada, the UAE and Saudi Arabia.

The target is built on a year of strong growth: FY26 revenue rose 69 per cent, EBITDA climbed 91 per cent to ₹31.1 crore, and net profit increased 59 per cent to ₹14.3 crore. Founder Deepanshu Manchanda said the company is avoiding 10-minute delivery and instead focusing on a two-hour slot for sorting and inventory management. Chicken accounts for about 50 per cent of sales, followed by fish and mutton.

Internationally, DSM is tailoring frozen products to each market, baingan bharta for the US, momos and samosas for Canada, and recently signed an MoU with a Dubai distributor for the Gulf. The company expects margins to remain consistent with last year. Execution on the 200-store expansion, domestic frozen-food ramp-up and a ₹70-80 crore overseas push will determine its ability to close the gap to the ₹600-crore target.