Nutty Yogi, a foodtech company specializing in organic and healthy food products, reported a revenue of Rs 8.57 crore in FY24, declining from Rs 10.15 crore in FY23. The company’s net profit also reduced to Rs 4.43 lakh in FY24 from Rs 15.96 lakh in FY23, while expenses dropped slightly to Rs 8.53 crore in FY24 from Rs 9.91 crore in FY23.
Its EBITDA margin declined to 0.99% in FY24 from 2.87% in FY23, and ROCE also saw a decrease, reaching 0.45% in FY24 compared to 2.28% in FY23.
Founded in 2017 and headquartered in Bengaluru, Nutty Yogi offers a wide range of groceries and gourmet food products, including daily essentials, superfoods, healthy snacks, handmade condiments, and breakfast items. The brand focuses on delivering nutritious, chemical-free foods inspired by traditional Indian diets.
Employee benefit costs accounted for 9.61% of total expenses in FY24, up from 8.07% in FY23. Advertisement expenses constituted 33.29% of total expenses in FY24, slightly lower than 34.71% in FY23, while the cost of materials made up 30.36% of total expenses in FY24, compared to 31.07% in FY23. Depreciation remained steady at 0.35% in FY24 versus 0.30% in FY23.
Nutty Yogi has raised a total of Rs 10.5 crore in funding across three rounds, with the latest being a Seed round in May 2022. Founder Pallavi Gupta holds the largest stake at 54.68%, followed by ESOPs (7.03%) and investor Leposhe Trading (4.37%).
With a commitment to clean eating and natural ingredients, Nutty Yogi continues to cater to health-conscious consumers looking for high-quality, organic food options.