Mumbai, May 18 — Chhattisgarh-based spice manufacturer Zoff Foods is setting its sights on crossing the ₹100 crore revenue milestone in the current financial year, while rolling out a series of expansion strategies that include a stronger offline presence, international exports, and entry into the ready-to-cook segment.
Revenue Growth and Market Strategy
Co-founder Akash Agrawalla revealed that Zoff Foods recorded ₹93 crore in revenue during FY25 and is confident of surpassing ₹100 crore this year. Currently, 80% of the company’s business comes from e-commerce, with a 15% share of the online spice market, which constitutes just 5% of the overall spice industry."We focused on e-commerce first, but as the company grows, we are actively working to scale our offline footprint," Agrawalla said.
Expanding Offline Reach to 50,000 Stores by FY26
Zoff Foods has already expanded its products to nearly 20,000 offline stores and is now targeting over 50,000 stores by the end of FY26. The company aims to eventually balance its portfolio between online and offline sales in a 50:50 ratio.The initial phase of offline expansion is concentrated in Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh, with plans to reach other regions beginning next year.
Exports Set to Begin by July-August
Zoff Foods is also venturing into international markets, with plans to begin exports to the US, Australia, and Europe as early as July or August this year."We are in the process of understanding overseas markets, compliance norms, and licensing. These regions appreciate high-quality products, and we aim to start shipments soon," Agrawalla noted.
Manufacturing and Capacity Utilization
The company operates a manufacturing unit in Raipur, Chhattisgarh, with a total production capacity of 700–800 tonnes per month. Currently, only 30–40% of this capacity is being utilized."With our expansion plans, we expect full capacity utilization within the next 2–3 years," he said.
Upcoming Fundraising and Product Launches
Following a successful $5 million (₹40 crore) fundraising round in August 2024, Zoff Foods now plans to raise $50 million (around ₹120 crore) in the last quarter of this financial year. The funds will support expansion efforts, packaging innovation, and export initiatives.Zoff is also entering the ready-to-cook food segment this month with a new product line called “quick homestyle food”, featuring 5-minute gravies and 1-minute marinade mixes.
Additionally, the company will relaunch its immunity booster, a spice mix introduced during the COVID-19 pandemic, which will be available in medical stores.
Founded in 2018, Zoff Foods has steadily positioned itself as a premium spice brand, now eyeing national and international growth with a comprehensive strategy for expansion and innovation.