Emami Group shows a ₹2,000 crore appetite for its food business
Kolkata-based Emami Group is eyeing a greater play in the packaged food market with plans to acquire small regional firms and enter new categories of kitchen staples and snacks.
The company plans to scale the foods (excluding edible oils) business to ₹2,000 crore organically over the next three to five years.
“With spices, soya chunks, nuts and other products in the pipeline, if we do around ₹2,000 crore in the next three-to-five years, it will be good unless there is an acquisition (which would take up revenue). Currently, spices and soya chunks together would be around ₹100 crore. Emami Agrotech that sells edible oils, spices and soya nuggets will lead the group’s expansion in the food category. BSE-listed Emami Ltd has already made investments in food and beverage companies such as Axiom Ayurveda and TruNative. Emami Agrotech sells brands such as Mantra spices, Healthy & Tasty edible oil and Advans soya chunks.
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