Srivari Spices and Foods Ltd. – Company Report
1. Company Overview
Srivari Spices and Foods Ltd., established in 2019 and headquartered in Hyderabad, Telangana, is a fast-growing, ISO 22000:2018 and HACCP-certified FMCG company specializing in the manufacturing and distribution of spices, flour (chakki atta), masalas, oils, and groceries. Founded by serial entrepreneur Narayan Das Rathi, the company is committed to delivering high-quality, authentic products to Indian households. Srivari has earned several accolades, including the Economic Times Excellence Award in FMCG-Spices Brand and Best Emerging Spices Brand Award from Business Mint.
As of August 2025, Srivari has a robust presence across Andhra Pradesh, Telangana, and is expanding into Maharashtra, supported by a multi-channel footprint of over 15,000 retail outlets and major e-commerce platforms such as Big Basket, D-Mart Online, and Udaan.
- Incorporated: 2019
- Headquarters: Hyderabad, Telangana
- Managing Director: Narayan Das Rathi
- Certifications: ISO 22000:2018, HACCP
- Employees: 70–200 (2025)
- Market Cap (Aug 2025): ~₹146 crore
- Product Segments: Spices, masalas, atta, oils, groceries
- Distribution Reach: 15,000+ retail outlets, pan-India e-commerce
2. Products and Services
Srivari markets its wide portfolio under the “Srivari” and “Poushtik” brands, with 88+ offline SKUs and over 500 online grocery SKUs:
Spices: Chilli powders, turmeric, coriander, whole and ground spices, fenugreek, cumin, mustard
Masala Blends: Garam masala, Madras sambar masala, chicken & mutton masalas, regional specialty mixes
Flours (Atta): Chakki Atta, Sharbati Atta, other wheat-based flours
Oils & Groceries: Mustard oil, other edible oils, selected pulses, and grains
Distribution Models:
- Direct-to-Customer (D2C) via retail outlets
- B2B bulk and packaged goods supply to retailers and institutions
Sales Channels: Metro Cash & Carry, Balaji Grand Bazar, Big Basket, Udaan, D-Mart Online
3. Recent News and Financial Performance
Key Developments:
- Entered Maharashtra in July 2025, beginning with Mumbai operations
- Earned ISO 22000:2018 and HACCP certifications, enhancing food safety credibility
- Appointed EquiBridgeX Advisors as Investor & PR agency in July 2025
- Hosted analyst/investor meets to provide operational updates
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹114 crore |
| Net Profit (PAT) | ₹9.52 crore |
| EPS | ₹11.11 |
| Operating Profit Margin | 16% |
| Net Profit Margin | 8% |
| Return on Equity (ROE) | 23% |