Will Haldiram's be a good fit for Tata Consumer? Abneesh Roy answers

economictimes.indiatimes.com:

Abneesh Roy, ED, Institutional Equities, Nuvama, says Tata Consumer can definitely acquire Haldiram’s. I do not see that as the issue. The issue is what will be the EPS accretion in any of these kinds of large valuation deals in the first one or two years. I would say that it is EPS dilutive in most such acquisitions. That is the bigger question rather than the ability of Tata Consumer to go for such a deal.
Tata Consumer is looking to buy 51% stake in Haldiram's. Tata Consumer has been talking about how they want to expand their food business. Do you think this could be a good fit for Tata Consumer?
Definitely, Tata Consumer wants to transform its portfolio. And if you see, even organically and inorganically, they have been doing multiple initiatives in the last three years since Sunil D'Souza has taken over as MD. Earlier, we saw Soulful being acquired in the breakfast series and the kind of scale-up they have done. And they have done multiple launches in their existing brands. They are very clear that because now distribution also has doubled, they want to be a very different portfolio three years, five years down the line.

Unlock Leadership Excellence with a Range of CXO Courses

Now, coming to your specific question on how this thing will pan out. One, of course, is if you see any deal, unless and until it is announced, it can always be very difficult to say whether it will happen or not. And we earlier saw even in Bisleri, it had come in the newspapers and everywhere that the deal was happening but then it did not happen. I