# Zappfresh owner DSM Fresh Foods targets ₹600 crore revenue by FY28 2026-08-21T02:12:40+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet 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. ## Indian Opinion Analysis DSM Fresh Foods’ three-year leap from ₹221 crore to a ₹600-crore target implies a compound annual growth rate of roughly 40 per cent, aggressive for a protein retail business in India where margins are tight and cold-chain logistics remain the main cost. The company is avoiding the quick-commerce hype that has driven up customer-acquisition costs for peers like Licious and FreshToHome, betting instead on a franchise-style store model that keeps capital expenditure low. What matters next is not the revenue ambition but whether Zappfresh can sustain its EBITDA margin of about 14 per cent while scaling to 200 stores and exporting frozen Indian snacks into inventory-heavy Western retail chains. The Dubai MoU will be the first real test of international replicability. Watch the September quarter numbers for store-level unit economics and overseas revenue contribution. ## Coverage - thehindubusinessline.com Leads with the company's own target and positive financials, no critical framing, no government angle This story was synthesised by AI from the source linked above. Tags: Deepanshu Manchanda, Domino's, DSM Fresh Foods, Dubai, Zappfresh Canonical: https://indianopinion.org/zappfresh-owner-dsm-fresh-foods-targets-rs600-crore-revenue-by-fy28/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/zappfresh-owner-dsm-fresh-foods-targets-rs600-crore-revenue-by-fy28/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/