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Emami shows ₹2,000 cr appetite for its food biz
Mint Mumbai
|December 16, 2023
Group plans to acquire small regional firms, strengthen packaged food market
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, said a top executive.
The company plans to scale the foods (excluding edible oils) business to ₹2,000 crore organically over the next three to five years, said Aditya V. Agarwal, director, Emami Group.
“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," he told Mint.
This story is from the December 16, 2023 edition of Mint Mumbai.
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