Hindustan Foods are looking into investing in sectors like sports shoe manufacturing and ice cream production. 
The Managing Director, Sameer R. Kothari, explained that the company’s performance has been affected by a slowdown in demand for fast-moving consumer goods (FMCG) and falling commodity prices. They also faced delays in getting approvals for an acquisition in Baddi. However, they believe these issues are temporary and plan to raise capital through warrants. This will provide them with funds to take advantage of opportunities in mergers and acquisitions (M&A). They’re looking into investing in sectors like sports shoe manufacturing and ice cream production.
Mayank Samdani, the Group CFO, mentioned that even though the company’s overall revenue remained flat with a 2% year-on-year growth for the quarter, their profit after tax (PAT) increased by 31% compared to the previous year. The PAT reached a record high for both the quarter and the half-year. The company also achieved a 21% Return on Equity (RoE). Their cash flow from operations remained stable despite higher inventory levels due to new facilities coming online.
Hindustan Foods Limited (HFL) is a company that provides manufacturing services to FMCG companies, helping them reduce costs and improve product quality. It’s been around since 1984 and is now part of the Vanity Case Group. HFL manufactures various FMCG products, including food, beverages, home care, and more, serving many well-known customers.
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