Prime Fresh Ltd. Receives Credit Rating Upgrade, Reports Strong Financial Performance
Prime Fresh Limited (PFL), a fully integrated Agri value chain company specializing in fresh fruits and vegetables, has received an upgrade in its credit profile. CRISIL has assigned a BBB (Stable) rating for Rs. 100 crore debt, a significant improvement from previous levels. The company previously held a BBB rating for Rs. 10 crore of debt.Founded in 2007 and headquartered in Ahmedabad, PFL operates across 19 states, manages 76 SKUs, and serves 30+ large customers across India. It connects over 120,000 farmers, 35+ pack houses, and operates a network of distribution centers. The company supplies to leading B2B players including e-commerce platforms, modern trade networks, exporters, and supermarket chains.
PFL's financial performance demonstrated steady growth, with revenues reaching Rs. 207 crore in FY25, a 39% year-over-year increase. For the nine months of FY26, revenues stood at Rs. 194 crore, while EBITDA and profit after tax (PAT) grew by 47% and 46% respectively.
The company has acquired 6 acres of land in Nashik, Maharashtra, and has leased two parcels of land in the same district.
Looking forward, PFL aims to scale revenues towards Rs. 1,000 crore over the next three years.
Financial Summary (9 Months Ended December 2025)
| Metric | Amount (Crore) |
|---|---|
| Revenue | 194 |
| EBITDA | 142 |
| Profit After Tax | 107 |
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