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Mint
12-07-2025
- Business
- Mint
From dosa batter to chutney, iD Fresh finds recipe for profit in premium products
Bengaluru: An increased focus on premium products and higher investment in expanding production capacity helped packaged foods maker iD Fresh maintain profitability in the fiscal year ended March, a top executive told Mint. The firm logged a net profit of ₹4.5 crore in FY24, its first profitable year since inception in 2005. 'Last year was one of our best years so far. We did close to double-digit Ebitda [earnings before interest, taxes, and depreciation]," P.C. Musthafa, chairman and global chief executive of iD Fresh, said in an interview. "We brought in several new levers, including expanding international business, which helped us deliver the best performance in the history of iD, Musthafa said. He did not reveal exact financial figures as the company is yet to file its FY25 statements with the Registrar of Companies. The firm also plans to list in public markets by the end of FY27, subject to market conditions, and is reportedly in talks to raise ₹500 crore through a secondary share sale. iD Fresh's push towards premium products reflects a broader change in the way companies, especially food brands, are tapping consumers. As consumers become increasingly health conscious, the willingness to spend more money on premium products is witnessing a rise. Mint earlier reported on why private investors have been eyeing investments in better-for-you food and wellness products, specially those with a growing offline presence. iD's premium push Bengaluru-based iD Fresh accelerated its shift toward premium products in FY25, launching more than 10 new items, including longer shelf-life, higher-price categories like spice blends, ready-to-heat sambhar, and chutneys. These new launches are expected to contribute 10% of the company's overall revenue in the next two years. 'Our new products have started to contribute meaningfully to our overall revenue. Our internal target is that these categories will deliver 10% of the topline by FY27. We are on the path to make that happen," Musthafa said. iD Fresh reported a revenue of ₹557 crore in FY24, up from ₹479 crore in FY23. Musthafa said introducing premium variants of existing products like idli-dosa batter and ready-to-heat paratha had helped boost profitability. For context, 750 gm of iD's protein-rich idli-dosa batter is priced ₹159 while the regular batter costs ₹95 for 1 kg. Premiumization is becoming a key driver of growth across consumer categories with players across the board looking to add differentiation and novelty at a higher price point. The contribution of premium segments accounted for around 27% of total FMCG sales and contributed 42% of the sector's value growth, according to an October 2024 report by NielsenIQ. A larger number of companies in India are chasing growth to tap aspirational consumers by bringing global brands to India while adding premium categories such as body wash, sunscreens, serums, muesli and energy drinks to their portfolio. Last month, Mint reported that Nestle India senses a premiumization opportunity as large as ₹7,500 crore to expand into new avenues like chocolates, coffee and even pet care. Founded in 2005 by Musthafa and Abdul Naser, iD Fresh shot to fame on the back of growing demand for ready-to-cook products among young professionals who lived away from home and desired quick meals. It has raised upwards of $120 million from investors such as Premji Invest and New Quest Capital Partners since 2005. The ready-to-eat market in India is expected to grow to $1,064 million between 2024 and 2027, according to estimates by market research firm Technavio. However, at least 80% of the packaged food market remains unorganized, presenting a viable opportunity for players like iD Fresh. The category is tough to crack, given India's love for fresh and home-cooked meals. Moreover, the convenience of ordering food online through Swiggy and Zomato has made these meal options an afterthought. But with plans to replicate its idli-dosa batter playbook to other products, iD sees its products making a mark beyond south India as well, with Delhi among the frontrunners, Musthafa said. Also Read: Hungry for growth, idli-dosa batter maker iD Fresh hunts for its next blockbuster product Capacity building The company's investment in ramping up manufacturing capacity–both locally and internationally–reaped benefits in FY25, according to Musthafa. Mint reported last year that iD Fresh is looking to set up four new manufacturing plants in Kerala, Tamil Nadu, West Bengal, and Andhra Pradesh by the end of the current financial year, in a bid to diversify its consumer base in smaller cities. The company will invest up to ₹35 crore to set up a production plant in Saudi Arabia which is expected to be completed next year. Its new plant in Delhi, built at a similar investment figure, is expected to be commissioned in the next two months. Though the success of its flagship product has created immense brand recall and loyalty for iD Fresh, it could be a challenge to recreate the popularity among its other brands, given the rising competition in the space by large and small players like ITC Foods, Tata Sampann, and Haldiram's.
The Hindu
18-05-2025
- Business
- The Hindu
Two-day conference on ‘Public policy in India and the Global South' held in Thiruvananthapuram
International trade continues to be skewed heavily in favour of the wealthy Global North countries, despite the fact that the Global South, which includes India, supplies 90% of the labour force, Kerala Statistical Commission chairman P.C. Mohanan has said. Mr. Mohanan was speaking at a two-day national conference on 'Public policy in India and the Global South' organised here by the Public Policy Research Institute (PPRI). Despite accounting for the major chunk of the world's labour force, developing nations receive only 21% of the wealth generated. Wages in the Global South countries are not even 10% of that in the wealthier nations, Mr. Mohanan said. US President Donald Trump's economic policies will adversely impact the World Trade Organisation, State Finance Commission chairman K.N. Harilal said. It is the wealthier nations that impose higher import duties on agricultural products, Sachin Kumar Sharma of the Indian Institute of Foreign Trade, said. While an Indian farmer receives $429-worth of subsidies a year, a farmer in the US gets $90,375, he said. PPRI director Mohanakumar S. inaugurated the two-day event. Researchers from leading institutes including the Indian Institutes of Technology and the Indian Institutes of Management and universities presented papers at the conference.
The Hindu
02-05-2025
- The Hindu
Joint efforts under way to combat illegal liquor and drug sales in Kollam
The district-level monitoring committee formed to enforce the ban on arrack has demanded strict inspections to prevent the sale of liquor beyond permissible limits and drug peddling. At a meeting chaired by District Collector N. Devidas on Friday instructions were given to departments concerned to intensify surveillance. During the past two months, the Excise department conducted 2,173 raids in the district under 'Operation Clean Slate' and 272 people were arrested in 256 drug-related cases. As part of the 'Vimukthi' campaign, 201 awareness classes were held at the school level while 96 classes were organised at colleges. The committee assessed that the Excise department's vigilant efforts helped prevent the inflow of spurious liquor and reduce drug trafficking. The committee also demanded that strict action be taken against complaints of illegal liquor and drug sales in Munroe Thuruthu. In order to address the issue, it was decided to conduct joint inspections by the police and excise in Kalluvathukkal, Kallumthazham, Chathannur, Mayyanad, Mukhathala, and Karunagappally. Directions were also issued to intensify inspections in tourist centres, flats and secluded areas. While awareness sessions in schools will be made more active, inspections will be held on college hostels, railway and bus stands, and shops selling 'arishtams'. P.C. Vishnunath, MLA; Deputy Excise Commissioner M. Naushad; Assistant Excise Commissioner V.C. Baiju; and monitoring committee members attended the meeting.
Time of India
01-05-2025
- General
- Time of India
MBSE HSSLC result expected to release on this date: Check details here
MBSE HSSLC result 2025 : The Mizoram Board of School Education (MBSE) is expected to release the Class 12 exam result on May 6, 2025 according to media reports. Students who appeared for the Higher Secondary School Leaving Certificate (HSSLC) exams will be able to access their scores both online and offline, according to official updates from the board. The results will be made available at the MBSE headquarters in Chaltlang, Aizawl, and the regional office in Lunglei. Additionally, candidates can check their results on the board's official websites — and This year, the HSSLC examinations were conducted between February 14 and March 17, 2025. Thousands of students across the state sat for the exams in various streams including Arts, Science, and Commerce. MBSE HSSLC result 2025: Steps to check Candidates can follow the steps mentioned here to download the MBSE HSSLC result 2025 from the official website: Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invest $200 in Amazon without buying stocks to earn a second salary Marketsall Sign Up Undo Go to the official website: Click on the link titled 'HSSLC Result 2025' on the homepage. Enter your roll number and other required credentials. Click the submit button to view your marks. Download the result and take a printout for future use. MBSE recently announced the Class 10 (HSLC) results on April 29, 2025. The overall pass percentage this year is 76.68%, with male students achieving a higher success rate (77.86%) than their female counterparts (75.63%). The top performer in the HSLC exams is P.C. Lalthakimi from Aizawl, who secured 479 out of 500 marks. Close on her heels are Isak MS Dawngkima and Malsawmkima Chawngthu, each scoring 475 marks. As anticipation builds for the Class 12 results, students and parents are advised to keep their login details ready and follow official channels for the most accurate and timely updates. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
