I used to be a shareholder in this company and I sold out in frustration. Post FY12 there is hardly any growth. Edible oil (Sundrop) business is declining/ not growing due to competition from Saffola and Fortune.
Act II Popcorn and Peanut Butter are growing, but at a slower than expected pace. They launched a ready to eat product and dessert which never took off. Now they have launched Nachos which is another crowded category.
Conagra acquired Delmonte Foods globally but that is a seperate business and is not included in Agro Tech Foods.
Overall Conagra is a great global brand. Unfortunately has not delivered in India. I think even Rakesh Jhunjhunwala holds this stock hoping Conagra does some magic. So more of a thematic stock with poor delivery so far.
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