Unnati Agri, an agriculture supply chain and financial services startup, attained break-even status in October 2023, showcasing an impressive 2x growth compared to the previous fiscal year. This accomplishment underscores Unnati Agri’s substantial progress, driven by an expanded business scale and noteworthy enhancements in profit margins.
The company’s financial performance in October 2023 is highlighted by its pivotal shift to becoming EBITDA positive, registering 1.1% EBITDA margins. This accomplishment is built on 100% growth from the corresponding period in October 2022, underlining Unnati Agri’s commitment to financial sustainability and operational excellence. The recent introduction of Unnati’s exclusive branded product line, encompassing seeds, fertilizers, and crop protection solutions, has experienced an exponential surge in demand. This product line expansion, now extended across multiple states, has witnessed an impressive 8-9x year-on-year growth, signifying its utility among farmers and trust in Unnati brand.
Furthermore, the total transactional value conducted on Unnati’s platform is on a trajectory to surpass Rs 700 crores this year, marking a 70% growth from the previous fiscal year. Bolstered by a robust network of 60,000 registered retailers across 7 states, Unnati’s growth trajectory has sustained a Compound Annual Growth Rate (CAGR) of over 90% in the last three years.
Amit Sinha, Co-Founder of Unnati Agri said “Unnati Agri’s achievement of reaching break-even status in October 2023, while maintaining an impressive 2x growth from the previous fiscal year, stands as a testament to our team execution. This reaffirms our commitment to fostering sustainable growth, empowering our farmers, and contributing to the holistic advancement of the agricultural sector. We persist in our dedication to drive innovation, uphold financial excellence, and revolutionize the agricultural landscape, ensuring accessibility, efficiency, and prosperity for our valued farming community.”
