While Tata Consumer as well as Haldiram's denied the reports, the tryst with mergers and acquisitions is nothing new for the latter. In 2019, Haldiram's was in the news for a potential deal with American food major Kellogg's. Those talks, for a majority stake (51%) at a valuation of $3 billion, fizzled out without a trace.
Between then and now, Haldiram's (including the Delhi and Nagpur units), which has a geographical indication (GI) tag for its distinct flavour, has grown at a compounded annual growth rate of 15% with an FY23 topline of ₹10,200 crore, according to estimates by brokerage Nuvama. FY22 combined topline of the two units stands at ₹8,870 crore, according to regulatory filings by the two companies.
Denne historien er fra September 08, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra September 08, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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