The company is looking to cross Rs 2,200 to Rs 2,400 crore in revenue by the time it goes public, while scaling its retail footprint to 350 stores by FY28
Organised gifting brand Ferns N Petals (FNP) has crossed Rs 1,000 crore in revenue in the financial year 2026. The company is working towards a potential initial public offering (IPO) by the end of the calendar year 2028, subject to market conditions and regulatory approvals.
The company is focused on scaling its business ahead of the listing, with a revenue target of approximately Rs 1,400 crore in FY27 and an ambition to build a Rs 2,200 to 2,400 crore revenue business by the time it goes public. The company has also strengthened its profitability profile, reporting an Ebitda margin of approximately 3 per cent in FY26.
As part of its next phase of expansion, FNP aims to scale its retail footprint to approximately 350 stores by the financial year 2028 (FY28), driven by a mix of company-led and franchise-led expansion across key markets.
“Crossing Rs 1,000 crore in revenue is an important milestone, but its real significance lies in what it represents: three decades of building trust, formalising a category and continuously reinventing how people celebrate life’s most meaningful moments. As we prepare for our IPO, our focus is on creating a scalable, future-ready business that can lead the next phase of this category in India and globally,” stated Pawan Gadia, Global Chief Executive Officer and Director, FNP.
Quick Commerce And Expansion Plans
The company’s quick commerce business has emerged as an important growth driver, scaling from Rs 8 crore in FY25 to Rs 65 crore in FY26, with a target of approximately Rs 125 crore in FY27. Over the next few years, FNP expects quick commerce to contribute 20 to 25 per cent of overall revenue, supported by investments in procurement, cold-chain capabilities and distribution infrastructure.
Internationally, FNP is building on its operating experience in the UAE and Singapore and deepening its presence across markets including Qatar and Saudi Arabia. The company is also evaluating expansion opportunities in additional Gulf markets and geographies such as Malaysia, as it continues to scale its celebrations ecosystem globally.
As it moves towards public-market readiness, the company said that it will remain focused on profitable growth, technology-led integration, supply-chain control, design-first curation and international expansion. As part of its long-term growth strategy, the company will continue to evaluate strategic opportunities, including potential acquisitions that can strengthen its presence across the celebrations and gifting ecosystem.
