Latest news with #Noida-headquartered
Time of India
4 days ago
- Business
- Time of India
Healthy snacking brand Farmley aims to double revenue to Rs 600-700 cr in FY26
Healthy snacking brand Farmley expects revenue to nearly double to Rs 600-700 crore in the current financial year, driven by growing demand for nutritious snacks , the company said on Friday. The Noida-headquartered startup, founded in 2017 by two Indian Institute of Technology alumni, reported a revenue of Rs 370 crore during FY 2024-25. "We aim for Rs 600-700 crore revenue in the current fiscal with expansion of our presence in both offline and online channels," the company's CEO and co-founder Akash Sharma told PTI at a healthy snacking summit . Farmley plans to invest Rs 40-50 crore in a new factory near Noida to boost production capacity, with the facility expected to be operational next year, Sharma said. The company hopes to achieve profitability in the current financial year. The firm's product portfolio includes dry fruits, seeds, healthy snacks, savouries and ready-to-eat mixes, focusing on quality, nutrition and affordability. A company report released on Friday showed roasted and flavoured dry fruits were the most preferred savoury snack among 36 per cent of respondents, while 19 per cent specifically chose makhana, a type of puffed lotus seed. Over 55 per cent of survey participants said they actively seek clean, preservative-free snacks , while 52 per cent prefer resealable, eco-conscious packaging . Nearly 45 per cent of consumers favour portable snack formats like dry fruit-based desserts and energy bars.
News18
5 days ago
- Business
- News18
Healthy snacking brand Farmley aims to double revenue to Rs 600-700 cr in FY26
Last Updated: New Delhi, Jul 18 (PTI) Healthy snacking brand Farmley expects revenue to nearly double to Rs 600-700 crore in the current financial year, driven by growing demand for nutritious snacks, the company said on Friday. The Noida-headquartered startup, founded in 2017 by two Indian Institute of Technology alumni, reported a revenue of Rs 370 crore during FY 2024-25. 'We aim for Rs 600-700 crore revenue in the current fiscal with expansion of our presence in both offline and online channels," the company's CEO and co-founder Akash Sharma told PTI at a healthy snacking summit. Farmley plans to invest Rs 40-50 crore in a new factory near Noida to boost production capacity, with the facility expected to be operational next year, Sharma said. The company hopes to achieve profitability in the current financial year. The firm's product portfolio includes dry fruits, seeds, healthy snacks, savouries and ready-to-eat mixes, focusing on quality, nutrition and affordability. A company report released on Friday showed roasted and flavoured dry fruits were the most preferred savoury snack among 36 per cent of respondents, while 19 per cent specifically chose makhana, a type of puffed lotus seed. Over 55 per cent of survey participants said they actively seek clean, preservative-free snacks, while 52 per cent prefer resealable, eco-conscious packaging. Nearly 45 per cent of consumers favour portable snack formats like dry fruit-based desserts and energy bars. PTI LUX LUX SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 18, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
5 days ago
- Business
- Time of India
Healthy snacking brand Farmley aims to double revenue to Rs 600-700 cr in FY26
Healthy snacking brand Farmley expects revenue to nearly double to Rs 600-700 crore in the current financial year, driven by growing demand for nutritious snacks , the company said on Friday. The Noida-headquartered startup, founded in 2017 by two Indian Institute of Technology alumni, reported a revenue of Rs 370 crore during FY 2024-25. Explore courses from Top Institutes in Select a Course Category healthcare Digital Marketing MCA Operations Management Healthcare MBA Leadership Finance Data Science Others Project Management Artificial Intelligence Public Policy Management Data Science Data Analytics Technology PGDM Degree CXO Product Management others Design Thinking Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details "We aim for Rs 600-700 crore revenue in the current fiscal with expansion of our presence in both offline and online channels," the company's CEO and co-founder Akash Sharma told PTI at a healthy snacking summit . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Victoria Principal Is Almost 75, See Her Now Reportingly Undo Farmley plans to invest Rs 40-50 crore in a new factory near Noida to boost production capacity, with the facility expected to be operational next year, Sharma said. The company hopes to achieve profitability in the current financial year. The firm's product portfolio includes dry fruits, seeds, healthy snacks, savouries and ready-to-eat mixes, focusing on quality, nutrition and affordability. Live Events A company report released on Friday showed roasted and flavoured dry fruits were the most preferred savoury snack among 36 per cent of respondents, while 19 per cent specifically chose makhana, a type of puffed lotus seed. Over 55 per cent of survey participants said they actively seek clean, preservative-free snacks , while 52 per cent prefer resealable, eco-conscious packaging . Nearly 45 per cent of consumers favour portable snack formats like dry fruit-based desserts and energy bars.
Mint
15-07-2025
- Business
- Mint
HCLTech shares drop over 4 pc as Q1 profit declines
New Delhi, Jul 15 (PTI) Shares of IT services firm HCL Technologies tumbled over 4 per cent on Tuesday after the company reported a 9.7 per cent drop in consolidated net profit for the June quarter. The stock declined 4.28 per cent to ₹ 1,550.50 on the BSE. At the NSE, it dropped 4.30 per cent to ₹ 1,550. HCL Technologies on Monday posted a 9.7 per cent drop in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal year on booking expectations in coming quarters. The firm had logged a net profit (attributable to owners of the company) of ₹ 4,257 crore in the year-ago period, according to a regulatory filing. The financial results were announced after the closing of market hours on Monday. HCLTech CEO and MD C Vijayakumar also announced plans to execute a restructuring programme on both the people and non-people side, aimed at achieving structural agility to address market demand in the AI era. The restructuring, he said, will involve optimising unutilised facilities, mostly in locations outside India, and talent ramp down in geographies outside India. The impact of this restructuring plan, which is expected to begin in the current quarter, is factored into the growth guidance, he said. "On the restructuring program, our objective is to get back to our 18 per cent to 19 per cent margins. There will be incremental costs involved in achieving this. That is also the reason we have taken our guidance to be a little lower this year," he said during the company's earnings call. Revenue from operations for the quarter under review was 8.1 per cent higher at ₹ 30,349 crore against ₹ 28,057 crore in Q1FY25. The Noida-headquartered company saw a 9.2 per cent increase in overall expenses during the first quarter of FY26, which included employee benefit expenditure, as well as outsourcing and finance costs, which impacted the profit. Vijayakumar said the first quarter was historically the weakest quarter for the company, although the environment, with some variations, mainly remained stable and did not deteriorate as feared at the start of the quarter.
Mint
14-07-2025
- Business
- Mint
HCLTech starts the year strong, but margins raise worry
HCL Technologies Ltd reported better-than-expected revenue in the June quarter and now sees full-year growth at 3-5% against 2-5% earlier, but the management lowering its full-year profitability by 100 basis points was a sore spot. On Monday, the country's third-largest information technology (IT) services company reported $3.55 billion revenue for the June quarter, up 1.34% sequentially. The performance exceeded expectations of 37 analysts polled by Bloomberg, who expected HCLTech to report $3.53 billion in revenue. This was its best first quarter in six years. HCLTech performed better than larger peer Tata Consultancy Services (TCS) in a lumpy first quarter because of its Europe business, and expects a stable FY26 despite lingering macroeconomic uncertainty. TCS ended the first quarter with $7.42 billion in revenue, down 0.59% sequentially. The Noida-headquartered company's management sounded confident. 'We observed that the environment remains stable from an overall perspective, with some variations across specific verticals. It also did not deteriorate as feared at the start of the quarter,' said C Vijayakumar, chief executive of HCLTech, as part of his prepared remarks during the company's post-earnings press conference on Monday. Vijayakumar's commentary is in contrast to TCS chief executive K. Krithivasan, who called out delays in decision-making and project starts with respect to discretionary investments. The HCLTech management narrowed its revenue guidance for the full year. The company now expects revenue growth between 3% and 5% in constant currency terms, higher than its 2% guidance on the lower end it had called out in April. Constant currency does not take currency fluctuations into account. While TCS's Krithivasan said that non-essential tech spending, which is crucial in boosting revenue of homegrown IT outsourcers, must be back once uncertainty lifts, Vijayakumar was optimistic of growth along expected lines. 'We are optimistic about meeting a revised guidance supported by our superior revenue growth and positive booking expectations for the upcoming quarters,' said Vijayakumar. For now, most of the company's incremental business of $47 million came from businesses based in Europe, which contributed 87% of it. HCL gets almost a third of its business from Europe. In terms of verticals, much of the incremental revenue came from banks and financial institutions, which makes up a little more than a fifth of the company's business and is its largest cash cow. HCLTech got $766 million from financial institutions last quarter. However, there were bigger causes of concern. The Noida-based IT outsourcer reported $450 million in net profit, down 9.3% sequentially. This was the company's second successive quarter of net profit decline. HCLTech's operating margins also raised concerns. Its profitability declined 160 basis points to 16.9% during the quarter. One basis point is a hundredth of a percentage point. The company even reduced its operating margin band to 17-18% for the full year as against its 18-19% target in April. Chief financial officer Shiv Walia called it one-time impact, attributing the drop to a bunch of factors, adding 'specialized hiring as well as skill and location mismatch and a one-off impact of customer bankruptcy' caused the margins to drop, among other smaller factors. While the software products business is historically its primary margin booster, operating margins for this vertical declined 190 basis points sequentially to end at 22.4% for the June quarter. Notably, HCLTech is one of the few large IT outsourcers that has a sizeable reliance on selling and licensing revenue of software products. Its revenue from its software business fell 4.6% on a quarterly basis to $330 million; still, the bigger impact of this arm is on the company's operating margins. Unlike TCS, HCLTech reduced headcount in the quarter. The company cut staff by 269 in the April-June 2025 period to end with 223,151, whereas TCS added 5,090 people in the first three months of the fiscal to end with 613,069 employees. Two of the country's three largest IT outsourcers adding headcount implies better signs ahead. More headcount in an IT services company means more demand for IT services and vice-versa. This increase in headcount comes on the backdrop of a tariff war started by US president Donald Trump coupled with geopolitical uncertainties. Both have put IT spends of large companies, many of whom count HCLTech as their IT vendor, in limbo. The company also highlighted a restructuring plan that was put in place. 'The restructuring consists of two components. One is a lot of facilities that we are not utilizing, mostly in locations outside India, is something which we believe we should optimize, because we have not been using some of these facilities, especially some of it related to our acquisitions,' said Vijayakumar. He also mentioned that the headcount would be cut because of the programme, in order to get to the company's 18-19% operating margin aspiration. 'The second is also that there will be some talent ramp-down that has happened, especially in some of the geographies outside India,' said Vijayakumar, adding that the upper end of its guidance factored a cost component to its restructuring programme. Like TCS, HCLTech did not call out orders or revenue from Gen AI, but announced a dividend of ₹ 12 per share. The company's shares fell 1.41% to close at ₹ 1,614 on Monday. The 30-share benchmark BSE Sensex index closed 0.3% lower at 82,253.46 points. The earnings were announced after market hours.
