Are food processing companies at an inflection point?

The extension of PLIS to food processing has cast the spotlight on companies operating in the sector. Here is a list of players who could be among the beneficiaries  

Published 21 days ago on Jun 04, 2021 5 minutes Read

ADF Foods

The company manufactures food products under brands such as Ashoka, Soul, Truly Indian, Nate’s, PJ’s Organics, Aeroplane and Camel for the Indian market and 52 other countries, with the Middle East being a prominent market. The exporter is planning to increase production and distribution through a leased facility in Gujarat. It has also announced plans to increase capacity by around 9,800 tonne from the existing 28,000 tonne by incurring capex of Rs 600 million. The steady increase in capacity could keep its growth trajectory intact in the coming years.

DFM Foods

When most people in India were busy munching roasted corn, DFM Foods imagined it in a new avatar as Crax Corn Rings. Today, the company has a multiproduct presence and under the Crax and Natkhat brand, manufactures and distributes a variety of popular snacks targeted at children and young adults. It currently has two manufacturing plants in Ghaziabad and Greater Noida. Sales has grown at CAGR of 11.92% over the past five years and for 9MFY21, the company has registered sales of Rs 3.91 billion and net profit of Rs 278 million, respectively.

Godrej Agrovet

Hard to believe, but a group that sells Mysore Pak and flavoured curd is also the number one cattle-feed producer in India. That is agri-business conglomerate Godrej Agrovet for you. It is present in segments such as crop protection, oil palm, animal feed, dairy, poultry and processed foods. It took a hit in the latest quarter due to the second COVID-19 wave, and lower demand from the HORECA and out-of-home consumption segment. It saw an 8.5% decline in total income in FY21 but p


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