20 August 2024
Bikaji Foods International, a prominent snack food manufacturer headquartered in Bikaner, is preparing for an important board meeting on August 23 to discuss a potential acquisition.
Manoj Verma, Chief Operating Officer of Bikaji Foods International, revealed that the acquisition is part of a broader strategy to diversify and strengthen the company's footprint.
Verma added that in the past, the company has been talking about it, making its footprint stronger in the QSR or frozen food sectors. "So, this acquisition aligns with those goals. It will not be a full acquisition, and we are not dealing with a listed company; instead, we will be taking high stakes in this new category,” he said.
Bikaji Foods has previously projected a volume growth ranging from 3% to 15% and a price growth guidance of 2% to 4%.
Verma expressed confidence in these targets, noting that if market conditions and category growth exceed expectations, these figures could be adjusted upwards.
Bikaji Foods International, a prominent snack food manufacturer headquartered in Bikaner, is preparing for an important board meeting on August 23 to discuss a potential acquisition.
Manoj Verma, Chief Operating Officer of Bikaji Foods International, revealed that the acquisition is part of a broader strategy to diversify and strengthen the company's footprint.
Verma added that in the past, the company has been talking about it, making its footprint stronger in the QSR or frozen food sectors. "So, this acquisition aligns with those goals. It will not be a full acquisition, and we are not dealing with a listed company; instead, we will be taking high stakes in this new category,” he said.
Bikaji Foods has previously projected a volume growth ranging from 3% to 15% and a price growth guidance of 2% to 4%.
Verma expressed confidence in these targets, noting that if market conditions and category growth exceed expectations, these figures could be adjusted upwards.
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