Rajat Diwakar, CEO (India), ID Fresh Food, said, “We are very excited to bring ID Fresh’s reliable, natural and preservative-free products to Chandigarh. Famous for its distinctive and pure taste and full of food lovers, this city is full of many interesting opportunities for us. This is a very important market for us, because not only is the culinary culture rich, but customers recognize and value natural and traditional flavors. Our expansion here is a very important part of our pan-India expansion strategy and we are confident that our products will be a popular choice among families in this city who prioritize quality and reliability.
Behind this expansion strategy throughout the country is the excellent performance of ID Food in the 2023-24 financial year. The company recorded a revenue of Rs 554 crore in FY2024 and aims to take this figure to Rs 700 crore in 2024-25. What is special is that the company also recorded a 16 percent increase in its operating income. This figure was Rs 395.76 crore in the financial year 2023-24, which was Rs 340.9 crore in the previous year.