Lighthouse-Backed Ferns N Petals Sets Sights on India IPO by 2028, Aiming for 25% Annual Revenue Growth.

Lighthouse-backed Ferns N Petals, a renowned Indian gifting retailer, is gearing up for an IPO by the end of 2028 to fund its ambitious expansion and acquisition plans. The company’s global CEO, Pawan Gadia, stated that the funds raised will primarily target revenue growth, estimated at an annual rate of approximately 25%. Founded in 1994, Ferns N Petals has established a strong presence in India and abroad, offering a diverse array of products including flowers, cakes, and personalized gifts. The firm aims to strengthen its market position further by entering new countries, such as Malaysia and additional Gulf states, enhancing its footprint in the global gifting industry.

In terms of financial performance, Ferns N Petals reported a revenue of ₹10.85 billion ($113.19 million) in fiscal 2026, reflecting a substantial growth of 25% year-on-year. The company has also projected an increase in its core earnings margin, expecting it to rise to between 5%-6%, compared to just 2.5% last year. The positive outlook comes despite potential challenges posed by the ongoing war in the Middle East, with Gadia indicating that softer sales are expected only temporarily. With plans to expand its store network to 350 locations by fiscal 2028, supported by a franchise-led approach, the company is strategically positioning itself to capitalize on India’s booming retail sector, which is expected to double by 2030.

For Indian investors, the upcoming IPO of Ferns N Petals presents an intriguing opportunity, particularly as consumer spending on discretionary goods rises. As the company aims to increase its market share and profitability, potential investors might view this as a favorable proposition, especially in a rapidly expanding retail sector. The planned listing indicates a shift in the investment landscape, where investors are prioritizing sustainable growth and profitability over mere revenue increase. The implied growth strategy and market potential suggest that the Ferns N Petals IPO could be a significant addition to the Indian equity market, offering a unique investment avenue in the consumer space.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)