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EASTERN CONDIMENTS
MTR parent's revenue growth slows on weak demandOrkla's revenue in India increased by 4.3% to ₹2,533 crore in 2024, hindered by high prices affecting demand, especially in rural areas. Th...- MTR Foods parent Orkla India restructures board ahead of its planned IPOOrkla India, which owns MTR and Eastern spices, appointed four non-executive independent directors to its board ahead of a planned $300 mil...
- MTR owner Orkla India to sell 10-15% via IPO, raise $300 millionOrkla India, owner of MTR and Eastern spices, is in early discussions to raise around $300 million via an IPO. The company aims to list bet...
- MTR Foods owner Orkla India explores IPO, eyes 2025 decision"We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of t...
- Indian food market's competitive intensity higher: MTR ownerOrkla, a Norwegian investment firm, noted similarities in India's food preferences with some European countries but highlighted the market'...
- Six companies add $1 billion of masala to topline in FY22The revenues of Everest, MDH, Catch and Shubham Goldiee expanded between 18% and 35%, though Eastern Condiments and Aachi recorded a margin...
- MTR Foods acquires controlling stake in Eastern Condiments“The transaction will double Orkla’s net sales in the fast growing Indian market, and the combination of MTR and Eastern will create a stro...
- MTR close to buying eastern condimentsMTR Foods, a subsidiary of Norwegian conglomerate Orkla, with revenue of almost ₹900 crore, makes and sells spices, condiments, ready-to-co...
- Eastern Condiments promoters look to sell majority stakeMeeran family holds 74% in co; McCormick too plans to sell its 26%
- Eastern Condiments invites nominations for Eastern Bhoomika Awards 2017Chairman, Navas Meeran said that the overwhelming success of the Eastern Bhoomika Awards in previous two years has prompted the Group to ex...
- Increase in agri allocation and cut in corporate tax to benefit the plantation sectorNavas Meeran, chairman of Eastern Condiments, a curry powder major, said the new law on contract farming will benefit the spices sector.
- Eastern Group appoints Santosh Cherian as CFOCherian is a chartered accountant with over 20 years of experience with Allianz, MRF and Hindustan Lifecare.
- Eastern Condiments turnover rises 21 per cent in second quarterThis marks the record tenth consecutive quarter of uninterrupted quarter on quarter revenue growth, said Firoz Meeran.
- Eastern group on the trail of Kerala spicesEastern group has announced a novel competition to discover the origins and the lost traditions about various spices in Kerala.
- Eastern ropes in ex-Google, PepsiCo executives to spruce up top deckManoj Varghese, the first manager hire in India by Internet giant Google, has joined Eastern as its top mentor.
- Eastern Condiments (P) Ltd achieves a gross turnover of Rs 480 crore in 2011-12Kochi Eastern Condiments (P) Ltd, leading player in branded spices and seasonings, has achieved a gross turnover of Rs 480 crore in 2011-12...
- When masala from God’s own country spices up lifeRs 300-crore Kochi-based Eastern Condiments has evolved into one of the top spices-to-masalas brands.
- Orkla, McCormick eager for taste of Eastern CondimentsNorwegian conglomerate Orkla and US spices giant McCormick & Co Inc are among the global food giants in the fray to acquire a strategic sta...
- Eastern Condiments likely to offload 26% stakeEastern Condiments, one of the largest curry ingredients marketers, is likely to offload 26% stake to a strategic investor, with the promot...
- US Equity fund to invest USD 10 mnThe company also had plans to foray into into North Indian states, he said.
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