Zoff Foods, which was established in 2018, specializes in high-quality spices and has a production facility in Raipur, Chhattisgarh.
Mumbai: According to a senior corporate official, Zoff Foods, a Chhattisgarh-based company that anticipates revenue to surpass Rs 100 crore this fiscal year, intends to increase its offline presence across the nation and start exporting.
“We will surpass Rs 100 crore this year, with revenue of Rs 93 crore in 2024–2025. About 80% of our business is generated by e-commerce, with the other 20% coming from physical locations. Prior to this year, we were mostly focused on e-commerce. Only 5% of the spice market is sold online, and we hold a 15% market share, co-founder of Zoff Foods Akash Agrawalla told PTI.
But as the business is expanding, it has begun to pay more attention to its offline presence as well.
We have begun to concentrate on the offline market, which is very large. As a result, our portfolio ratio may be 50:50 in the next two to three years. The goal is to have over 50,000 stores by the end of FY26, and we have around 20,000 locations now,” he stated.
Zoff Foods, which was established in 2018, specializes in high-quality spices and has a production facility in Raipur, Chhattisgarh. According to Agrawalla, Zoff Foods products are geographically accessible in the northern, central, and somewhat eastern regions.
As a result, the primary areas for the initial expansion of offline presence will be Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh. However, he continued, “we may attempt to increase our geographic presence starting next year.”
The company has started the process of investigating foreign markets and comprehending the regulations, and it intends to start shipments in July or August of this year, Agrawalla stated in response to a question concerning exports.
In order to prepare for it, we are attempting to comprehend the foreign markets, the license, and the general compliances. As a result, we hope to begin exporting to America, Australia, and Europe, as those regions value high-quality items. The actual shipments should start by July or August of this year,” he continued.
Furthermore, he stated that Zoff Foods now uses approximately 30–40% of the company’s 700–800 tonnes per month production capability at its Raipur headquarters.
“We expect our manufacturing unit to reach full capacity in another two to three years, with all the market expansion lined up,” he continued. Zoff Foods intends to raise money for the market expansion in the final quarter of this fiscal year, according to Agrawalla.
The amount we raised in August 2024 was USD 5 million, or roughly Rs 40 crore. We intend to fund an additional USD 50 million (about Rs 120 crore) in the final quarter of this fiscal year in order to improve our offline presence, packaging, and exports, among other things,” he continued.
This month, the company also intends to enter the ready-to-cook market by launching five-minute gravy and one-minute marinades, he said.
Two of these, a 5-minute gravy and a 1-minute marinade mix, will fall under the new heading of “quick homestyle food.” Simply bring the water to a boil, add our content, and your gravy is done. Going forward, we intend to grow in this category. An immune booster that we released at COVID-19 is also being relaunched. It is essentially an immune-boosting spice blend that will be sold in pharmacies,” he continued.
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