Nestle aims at expansion of out-of-home consumption
Nestle reported ITS Q2results for 2023, which were in line with expectations. The company achieved double-digit growth across all its products, primarily driven by a favourable product mix, increased volume, and improved pricing. Additionally, during the quarter, the out-of-home (OOH) business experienced rapid acceleration. The gross profit margin (GP margin) expanded by 90 bps (0.9%) […]
ID FRESH EYES US RELAUNCH AND POSSIBLE M&A IN USA
Bengaluru-based ready-to-cook brand ID Fresh Food is looking at strategic acquisitions in the US as it plans on re-entering the market with improved product and packaging. The company, most known for its ready-to-cook batters, is also on the lookout for a country head for the US to oversee its expansion plans in these markets. “We […]
Milkymist plans ₹1,000 crore expansion in the next three years
Milky Mist Dairy Foods Pvt Ltd, a leading dairy based in Erode in western Tamil Nadu, has chalked out a ₹1,000 crore expansion plan in the next three years to double the plant’s capacity and foray into new products like dark chocolate and ice cream. The company, which had already invested ₹550 crore in its […]
KMF to invest Rs 1000 crore for inorganic growth in Maharashtra and Goa
KMF’s Managing Director BC Sateesh said that the co-operative is planning to buy two plants; in Mumbai and one each in Goa and Pune. “The tenders for the acquisition in Mumbai have been issued. We have drawn a Rs 1000 crore expansion plan by acquiring the dairy processing units,” he said. On the spree of […]