Sid’s Farm posts Rs 168 Cr revenue in FY25; losses surge 2.6x

Sid’s Farm, a Hyderabad-based dairy brand, recorded a decent growth in revenue in the fiscal year ending March 2025. However, rising costs pushed the company deeper into losses.

Sid’s Farm’s operating revenue increased by 38% to Rs 168 crore in FY25 from Rs 122 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC).

Founded in 2016, Sid’s Farm is a mass premium Hyderabad-based dairy brand. The startup controls the entire value chain of milk and milk products by sourcing directly from farmers. Including other income of Rs 2 crore, the company’s total income stood at Rs 170 crore in FY25.

The surge in topline was accompanied by a faster rise in expenses. Sid’s Farm’s total expenses jumped 47% to Rs 196 crore in FY25 from Rs 133.5 crore in the previous fiscal year.

Cost of material consumed remained the largest expense, accounting for over 64% of the overall costs. This expense rose 41% to Rs 126 crore in FY25. Employee benefit expenses increased by 47% to Rs 25 crore.

Advertisement costs nearly doubled to Rs 7 crore in FY25 from Rs 3.6 crore in FY24. Distribution and transportation expenses grew to Rs 8 crore and Rs 5 crore, respectively. Other expenses added another Rs 25 crore during the year.

The sharp increase in costs led Sid’s Farm’s losses to increase by 2.6x to Rs 27 crore in FY25 from Rs 10.5 crore in FY24. Its ROCE and EBITDA margin stood at -45.24% and -14.58% respectively.

On a unit basis, Sid’s Farm spent Rs 1.17 to earn a rupee of operating revenue during the fiscal year, compared to Rs 1.09 in FY24.

As of March 2025, the company’s cash and bank balances stood at Rs 1 crore, while current assets rose to Rs 45 crore in FY25.

Sid’s Farms has raised approx $12.2 million of funding till date, including the $10 million round co-led by Omnivore and Narotam Sekhsaria Family Office.