DSM Fresh Foods Ltd, the BSE SME-listed company popularly known by its fresh-meat brand Zappfresh, is targeting ₹600 crore in revenue by FY28, nearly three times its FY26 turnover of ₹220.8 crore, as it expands its retail network, scales up its domestic frozen-food business and makes a bigger push into overseas markets.The target builds on a year of rapid growth and improving profitability. Revenue rose 69 per cent in FY26, while EBITDA climbed 91 per cent to ₹31.1 crore and net profit increased 59 per cent to ₹14.3 crore, giving DSM a profitable base from which to pursue its next phase of expansion.“We are targeting ₹600 crore by FY28,” Deepanshu Manchanda, Founder and Managing Director, DSM Fresh Foods, told businessline.The company is now looking to add multiple growth engines to its core fresh-meat business. Zappfresh plans to expand its physical retail network to 200 stores by the end of the year, while its international frozen-food business is expected to reach about ₹70-80 crore this year.Wider retail playThe physical expansion is designed to take Zappfresh deeper into the mass market without building a capital-heavy company-owned store network. Its partner-store model involves local entrepreneurs operating outlets under Zappfresh’s branding and supply systems.The wider reach is being accompanied by an expansion of its food basket. In the domestic market, the company is looking at products such as spices, roomali roti and parathas through local meat shops, while continuing selective institutional relationships. It supplies parathas to Domino’s for use in tacos, Manchanda said.Chicken remains Zappfresh’s largest category, accounting for about 50 per cent of the business, followed by fish and mutton.Zappfresh is also staying away from building its proposition around 10-minute delivery.“We are not looking at glamorising the category. Our core job is to build a very robust supply chain to cater to different customers and also deliver profits,” Manchanda said.“We have a two-hour slot so the teams have enough time for sorting, grading, collection and managing inventory,” he added.Overseas pushInternational markets provide another avenue for scale. DSM is targeting the UK, Europe, US and Canada, while a recently signed MoU with a Dubai distributor will expand its footprint into the UAE and Saudi Arabia.The company is tailoring its frozen-food portfolio to individual markets rather than exporting a standardised range. Offerings include baingan bharta for the US and momos, spring rolls and samosas for Canada. Products are frozen rather than retort-packed, which Manchanda said helps preserve a more natural taste profile.Its broader product philosophy centres on clean-label, protein-rich foods without chemicals and preservatives, a segment Manchanda believes has significant headroom as health and nutrition awareness rises.Prioritising mass-market penetrationDespite the growth of premium D2C food brands, DSM is prioritising mass-market penetration and value rather than limiting itself to a niche digital consumer base.The company expects margins to remain broadly consistent with last year despite raw-material pressures. Execution on its 200-store expansion, domestic frozen-food business and ₹70-80 crore overseas push will be key to closing the gap between its ₹220.8-crore FY26 base and the ₹600-crore FY28 target.Published on August 20, 2026