Haldiram’s set to expand QSR footprint

livemint.com:

₹4,100 crore in 2021. Western snacks had a lion’s share with 58.3%, and ethnic snacks and namkeens contributed 26.3%.

Agarwal also highlighted its interest in local snacking firms especially companies offering healthy snack options. Haldiram’s is in the early stages of identifying the right partner.

“We are focused on increasing our footprint in the healthy snacking market, and we are in talks with many brands selling such products, especially for acquisitions or understanding a portfolio that gels well with ours. We are looking at adding new products using our own research and development." “Acquisitions could include a regional or national brand, if it grows well, and if we believe in a product, we will definitely going to onboard the brand." On the news of Haldiram’s plans of divesting a significant stake to Tata Consumer Products and a private equity firm, Agarwal said: “As of now, we are not looking at any dilution, but of course later on, we don’t know how things progress." Last year, Haldiram’s Foods International also set up a dairy plant to sell packaged lassi, flavored milk, etc.