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CONDIMENTS SALE
Nearly 1,000 kg fake chilli, garam masala, turmeric and coriander found in Delhi’s Khari Baoli, Asia’s largest wholesale spice marketPolice raided an illegal spice unit in Delhi's Khari Baoli. They seized 802 kg of fake spices. Adulterated materials like rice and industri...- Veeba Food is said to plan IPO to raise up to $200 millionVRB Consumer Products, maker of Veeba sauces, is preparing an IPO that could raise up to $200 million. The firm has hired Axis Capital, Mot...
- 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...
- 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'...
- Global, Indian FMCG companies in race for Capital FoodsPepsiCo and Reliance Industries are among those said to have been sounded out by Goldman Sachs, the investment bank mandated to run the auc...
- 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...
- Secret's Out: Global and local food cos set to spice up their portfolio as Capital Foods up for grabsNestle, Tata, Nissin, HUL, ITC, Dabur, Kraft Heinz among those expected to bid in $1.5-2 billion deal, IPO an option too.
- Jubilant FoodWorks enters FMCG business, sets up direct competition with HUL, NestleJFL’s first sales channel for the ready-to-cook sauces and pastes franchise, called ChefBoss, will be on e-commerce platforms.
- 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...
- Demand for baking ingredients increase amid Covid lockdownThe demand for processed food category which comprises baking condiments like baking soda, baking powder, cocoa powder have grown 60-70% in...
- Eastern Condiments promoters look to sell majority stakeMeeran family holds 74% in co; McCormick too plans to sell its 26%
- Doing business in India not easy yet: Dr Oetker executive“Ease of doing business is one of the biggest challenges in India,” said Martin Reintjes, global head of sales, foods division, at Dr Oetke...
- FMCG firms want Nielsen to tweak sampling mechanismIf a restaurant chain hands out ketchup sachets of a particular brand free with its food, it would not be considered retail sale unless sol...
- Why buy when the same can be cooked at home, new mantra of Indian consumersThis indicates that while consumes are cutting down on eating pizza and burgers at stores like Domino’s, Pizza Hut or McDonald’s, they are ...
- Mrs Bector’s in talks with PEs to raise Rs 150 croreMotilal Oswal Private Equities currently owns 22 per cent in Mrs Bector’s, which it bought out from the Goldman Sachs’ arm in 2010.
- Cremica set for stake sale post family rejigCremica, founded by Rajni Bector 35 years ago, is now controlled by three siblings Anoop, Akshay and Ajay Bector with equal shareholding.
- Kohinoor Foods forms JV with US-based spice maker McCormickIn the joint venture Kohinoor Speciality India, McCormick has 85 per cent stake and rest is with Kohinoor Foods.
- 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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