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Food and Beverage Industry India

1. Indian Food & Beverage Industry Overview

The Indian food and beverage (F&B) sector, which comprises farming, food production, distribution,
retail and catering, is valued at 2.5 lakh crores in 2014. The industry is one of the major contributors to
growth of the economy and has historically witnessed consistent growth. The industry is expected to
increase this year at a rate of 13 percent, clearly the economic slowdown has hit the sector too bringing
it down from its consistent 20 percent growth rate.
In terms of structure, the industry is highly fragmented and the top few players Amul, ADF Foods,
Agro Dutch Ind, Britannia, Glaxo Smith Con, Haldiram, Heritage Foods, IFB Agro, KRBL, Kwality,
Kohinoor Foods, LT Foods, Lakshmi Energy, Mother Dairy, Nestle India, NDDB, Rei Agro, Sita Shree
Foods, SKM Egg Product, Usher Agro and Vadilal Ind account for less than 25 percent of the overall
value.
For the purpose of this report Food is defined as Baby Food, Bakery, Canned/Preserved Food,
Chilled/Preserved Food, Confectionery, Dairy, Dried Processed Food, Frozen Processed Food, Ice
Cream, Meal Replacement, Noodles, Oils & Fats, Pasta, Ready Meals, Sauces, Dressing & Condiments,
Snack Bars, Soup, Spreads and Sweet & Savoury Snacks. Whereas Beverage is defined as Carbonates,
Packaged Fruit/Vegetable juice, Bottled water, Functional drinks, Concentrates, Ready-to-Drink Tea,
Ready-to-Drink Coffee and Asian Specialty Drinks.

Indias share in terms of revenue is valued around $9.2 trillion USD in 2013 and the industry currently
employs 13 million direct workers.

The economic slump has had an adverse impact on most industries including the F&B industry. The
major challenges faced by the industry are Increasing Energy Costs, Increasing Water Costs,
Improving Nutritional Quality, Integrating Supply Chains to reduce Transportation Costs, Reducing the
Carbon Foot Print of the Company, Conforming to the changing Govt. Regulations and lastly but the
most important meeting the changing habits and tastes of consumers.
Nevertheless, the F&B industry has been relatively less affected when compared to other industries. This
is mainly attributed to the fact that food products continue to be essential to consumers in spite of the
slowdown.

2. Shifting Consumer Consumption

Earlier, growing population, increasing income and favorable govt. laws, (as compared to China)
determined the sectors growth in India. Today the factors driving growth in India have somewhat
shifted unavailability of cheap money, escalating oil, equipment & raw material prices due to
weakening rupee, near stagnant income levels, growing population falling below poverty line and policy
paralysis.
Income levels are estimated to grow 5.3 percent in India. As per UN projections, the Indian population is
expected to grow to 1.27 billion by 2015 out of which 50% will be in the age bracket of (0 - 25) years.
As a result, Indian food & beverage sector has strong growth potential in India. Consumer preferences in
India are expected to shift toward high quality, nutritional products and pre-packed and home-cooked
food. On the same hand, rural area is where the sector can look for increasing penetration. As described
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above, the growth potential of the F&B industry is huge, but the F&B sector is cutting back its capital
expenditures mainly because of absence of cheap money. On the same hand companies with large cash
reserves have been able to acquire struggling companies and consolidate their positions by the use of
imported plant equipment.

3. Thumbnail Summaries of Major Indian Players

1. Adani Wilmar
a
Brief
Description
Public Limited Company founded by Gautam Adani in 1988 with headquarters in
Ahmedabad, Gujrat. Areas of interest are Resources, Logistics, Energy &
Agribusiness.
b Products Sold Edible Oil, Rice, Besan & Pulses
c Key Brands
Edible Oil (Fortune, Kings, Raag, Fryola, Alpha, Bullet, Avsar, Aadhaar), Rice
(Pilaf, Mahurat), Besan (Fortune), Pulses (Fortune)
d Future Plans Increase presence by marketing Fortune brand commodities, fruits and vegetables.
e Financials
Revenue Rs.11528 Crs. YOY(%) 18%
Expenses Rs.174 Crs YOY(%) (6)%
Operating Profit Rs.271 Crs YOY(%) 100%


2. ADF Foods Ltd.
a
Brief
Description
Chaired by Ramesh. H. Thakkar and with registered office in Nadiad, Gujrat. The
company has presence in UK, US, Africa, Asia Pacific and Europe.
b Products Sold
Pickles, Chutneys, Cooking Pastes, Curry Powder, Ready to Eat (Curries, Snacks,
Parathas, Rolls) in various packs.
c Key Brands Ashoka, Aeroplane, Camel, Soul, Truly Indian
d Future Plans
Increase presence in foreign markets by diversifying portfolio and also looking for
acquiring strategic brands.
e Financials
Revenue Rs.182 Crs. YOY(%) 15%
Expenses Rs.172.22 Crs YOY(%) 16.2%
Operating Profit Rs.17.33 Crs YOY(%) 67%


3. Agro Dutch Ind
a
Brief
Description
Chaired by Malvinder Singh, registered in Chandigarh Agro Dutch is a major
supplier of mushrooms in the global market, has its own can making facility.
b Products Sold Mushrooms
c Key Brands Mushrooms (Canned & Frozen)
d Future Plans
Expansion plans so as to double its per annum production. Operational Chennai plant
seems to be the most important priority for the company right now.
e Financials
Revenue Rs.35.78 Crs YOY(%) (80)%
Expenses Rs. 136.62 Crs YOY(%) (32.80)%
Operating Profit Rs. (99.86) Crs YOY(%) (108)%


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4. Bajoria Foods Pvt Ltd
a
Brief
Description
Managed by Sanjey Bajoria, headquartered in Kolkata the company is an importer of
International food brands.
b Products Sold International Brands
c Key Brands American Garden, Casa Fiesta, Sue Bee Honey
d Future Plans Consolidate brand.
e Financials
Revenue NA YOY(%) NA
Expenses NA YOY(%) NA
Operating Profit NA YOY(%) NA


5. Bambino Agro Industries Ltd.
a
Brief
Description
Chaired by M. Kishan Rao, registered in Secunderabad, the company has
manufacturing facilities in Haryana, Andhra Pradesh and Madhya Pradesh.
b Products Sold Snacks, Instant Food, Spices, Chutneys, Tamarind and Beverages
c Key Brands
Bambino Soan Papdi (Plain, Choco, Orange, Mango, Coconut, Butter Scotch),
Bambino Namkeen (Moong Dal, Aloo Bhujia, Bhujia Sev, Khatta Meetha, Madras
Mixture), Bambino Tamarind, Bambino Chutney, Spices(Bambino Garam Masala,
Bambino Hing, Bambino Chicken Masala), Instant Foods (Bambino Soup Powder
Tomato Soup, Mix Veg Soup, Sweet Corn Veg Soup, Hot & Sour Veg Soup,
Mushroom Soup), Instant Foods/Mixes (Bambino Vermicelli, Bambino Pasta,
Bambino Noodles, Bambino Macaroni, Bambino Gulab Jamun, Bambino Idli,
Bambino Vada, Bambino Sambar), Bambino Wheat Rice.
d Future Plans Increase capacity and enter healthcare business.
e Financials
Revenue Rs.235 Crs. YOY(%) 4.75%
Expenses Rs.229 Crs. YOY(%) 4.03%
Operating Profit Rs.5.20 Crs YOY(%) 35.63%


6. Britannia
a
Brief
Description
Chaired by Nusli Wadia, headquarters in Kolkata, company is into Bakery products,
dairy Products, Cereals and has recently forayed into instant cooking products.
b Products Sold Bakery Products, Dairy Products, Cereals & Instant Food.
c Key Brands
Bakery Products (Tiger, Pure Magic, Cookies, Good Day, Bourbon, 50-50, Marie
Gold, Treat, Milk Bikis, Nutri Choice, Time Pass, Little Heart, Nice Time, Cakes,
Breads), Cereals (Oats), Dairy Products (Milk, Butter, Dahi, Chass, Ghee, Cheese,
Dairy Whitener), Tiger Zor Milk Drink for Kids.
d Future Plans Focus on consolidating brands.
e Financials
Revenue Rs.6221 Crs. YOY(%) 12.71%
Expenses Rs.5879 Crs YOY(%) 11.40%
Operating Profit Rs.358 Crs YOY(%) 34.58%


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7. Cargill India Pvt. Ltd.
a
Brief
Description
Chaired by Greg Page, Cargill India is a wholly owned MNC subsidiary in India with
diverse interests in India.
b Products Sold Edible Oil, Flour.
c Key Brands
Edible Oil (Sweekar, Sunflower, Rath, Nature Fresh, Gemini & Leonardo Olive Oil),
Flour (Nature Fresh)
d Future Plans Asset Investing & Brand acquisitions. Product Development through Delhi Unit.
e Financials
Revenue $136,654 YOY(%) 2%
Net Earnings $2,312 YOY(%) 97%
Cash Flow from operations $4,179 YOY(%) 19%


8. Chaman Lal Setia Exports Ltd.
a
Brief
Description
Chaired by Chaman Lal Setia, registered offices in Amritsar and production mills in
Amritsar, Delhi & Karnal, the company is a reputed rice miller and exporter.
b Products Sold Basmati Rice
c Key Brands Maharani, Begum
d Future Plans Consolidate Brands.
e Financials
Revenue Rs.272 Crs. YOY(%) 25.34%
Expenses Rs.267 Crs. YOY(%) 32.83%
Operating Profit Rs.24 Crs. YOY(%) 33.33%


9. Capital Foods Ltd.
a
Brief
Description
Managed by Ajay Gupta, the company is known for developing brands and
consolidating the same and hence generating revenue.
b Products Sold Instant Foods, Frozen Foods, Frozen Fruits & Vegetables
c Key Brands Chings Secret Recipe, Smith & Jones, Swad
d Future Plans
The company has consolidated its Chings Secret brand and is now looking for
further market penetration.
e Financials Revenue Rs.145 Crs. YOY(%) 17%












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10. Chordia Foods Ltd.
a Brief Description
Chaired by Hukmichand. S. Chordia with registered office in Satara. Started
out as a home based venture, the company has production facilities in Pune &
Satara.
b Products Sold Pickles, Sauces, Chutneys, Instant Food and Cooking Pastes
c Key Brands Pravin, Navin, Toofan, Special
d Future Plans
Increase Export Orders and penetrate the instant food and cooking paste
business.
e Financials
Revenue Rs.32 Crs. YOY(%) 10%
Expenses Rs.28.49 Crs YOY(%) 13%
Operating Profit Rs.4.97 Crs YOY(%) 18%



11. Dabur
a
Brief
Description
Chaired by Amit Burman, registered office in Delhi, the company has business in
India, US and Canada. The company deals in Health care products, Personal care
products, Home care, Guar Gum.
b Products Sold Beverages (Fruit Product), Curry Powder, Sauce, Honey, Beverages (Milk Product)
c Key Brands Real, Activ, Burrst, Hommade, Capsico, Dabur Honey
d Future Plans
Introduce more variants in fruit juice business, increase rural growth by increasing
direct presence. Also important are the full capacity operation of the plants in Sri
Lanka & Bangladesh.
e Financials
Revenue Rs.387 Crs. YOY(%) 27%
Expenses (Capex) Rs.5.15 Crs YOY(%) (88)%
Operating Profit Rs.66.76 Crs YOY(%) 14%



12. Dhampure Specialty Sugars Ltd.
a Brief Description
Chaired by Sorabh Gupta headquarters in Bijnor, the company deals in
specialty sugar products.
b Products Sold Sugar
c Key Brands Dhampure
d Future Plans Consolidate Position
e Financials
Revenue Rs.46.05 Crs. YOY(%) 11%
Expenses Rs.44.18 Crs YOY(%) 11%
Operating Profit Rs.1.45 Crs YOY(%) 13%





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13. DS Group
a
Brief
Description
Conglomerate started initially as a tobacco company now also offers products in
food and beverage sector through its Catch brand. Headquartered in Noida, the group
has more than 24 units across India.
b Products Sold
Catch (Salt, Spices, Beverages(Fruit Products)), Clear (Beverages(Scented Water),
Dairymax (Dairy Products)
c Key Brands Catch, Clear, Dairymax
d Future Plans Consolidate Dairy Business and introduce new brands in the confectionary segment.
e Financials NA


14. Esteem Bio Organic Food Processing Ltd.
a
Brief
Description
Headquartered in Delhi, the company operates out of Uttaranchal.
b Products Sold
Wheat, Rice, Pulses, Vegetables, Mango, Guava, Pomegranate, Roses, Poplar,
Eucalyptus, Kadam, Mentha and Bamboo.
c Key Brands
Wheat, Rice, Pulses, Vegetables, Mango, Guava, Pomegranate, Roses, Poplar,
Eucalyptus, Kadam, Mentha and Bamboo.
d Future Plans Consolidate Position and fully functional logistic park
e Financials
Revenue Rs.6.43 Crs. YOY(%) 111%
Expenses Rs.3.93 Crs YOY(%) 3853%
Operating Profit Rs.2.55 Crs YOY(%) (13)%


15. Field Fresh Foods Pvt. Ltd.
a
Brief
Description
50:50 JV between Bharti Enterprises and Del Monte Pacific Limited. Del Monte
Pacific is headquartered in Singapore
b Products Sold Fruits(Processed), Beverages (Fruit Product), Sauce, Edible Oil, Olives, Instant Food
c Key Brands Del Monte
d Future Plans Increase more variants in juice category and enter Chinese Food business
e Financials Revenue $47.1 Million YOY(%) 37%


16. Flex Foods Limited
a
Brief
Description
Chaired by Ashok Chaturvedi, headquartered in Dehradun, the company operates out
of Dehradun.
b Products Sold Vegetables (Frozen, Dried, IQF), Culinary Herbs
c Key Brands Vegetables (Frozen, Dried, IQF), Culinary Herbs
d Future Plans Increase Production
e Financials
Revenue Rs.52.82 Crs. YOY(%) 5%
Expenses Rs.48.37 Crs YOY(%) 4%
Operating Profit Rs.5.58 Crs YOY(%) 33%

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17. Freshtrop Fruits Limited
a
Brief
Description
Chaired by Ashok.V.Motiani, headquartered in Ahmedabad, plants in Nasik, Sangli
and Satara.
b Products Sold Processed Fruits
c Key Brands
Mango Pulp, Guava Pulp, Amla Pulp, Red Papaya, Tomato Paste, Pomegranate
Juice.
d Future Plans Increase Capacity.
e Financials
Revenue Rs.91.5 Crs. YOY(%) 49.5%
Expenses Rs.88.2 Crs YOY(%) 44.3%
Operating Profit Rs.5.29 Crs YOY(%) 599%


18. GCMMF
a
Brief
Description
Chaired by Vipulbhai.M.Chaudhary, Gujrat Cooperative Milk Marketing Federation
is Indias largest F&B sector player.
b Products Sold Dairy and Dairy Products
c Key Brands Amul
d Future Plans Expand Reach through a low cost supply chain network.
e Financials Revenue Rs.13735 Crs. YOY(%) 17.72%


19. GlaxoSmithKline Consumer Healthcare
a
Brief
Description
The Pharma major operates in the F&B segment through its subsidiary
GlaxoSmithKline Consumer Products.
b Products Sold Energy Drinks
c Key Brands Horlicks, Horlicks Biscuits, Boost, Maltova, Viva
d Future Plans Expand through more variants of Horlicks brand
e Financials
Revenue Rs.3301 Crs. YOY(%) 15%
Expenses Rs.2652 Crs YOY(%) 14%
Operating Profit Rs.648 Crs YOY(%) 20%


20. GRM Overseas Ltd.
a
Brief
Description
Chaired by H.C.Garg, headquartered in Delhi, the company is also known as Garg
Rice and General Mills, has plants in Panipat.
b Products Sold Rice
c Key Brands Kamdhenu, Chef
d Future Plans Consolidate position.
e Financials
Revenue Rs.270 Crs. YOY(%) 14%
Expenses Rs.257 Crs YOY(%) 32%
Operating Profit Rs.4.13 Crs YOY(%) 15%


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21. Hamdard Laboratories
a
Brief
Description
Chaired by Abdul Mueed, Hamdard is an 113 year old Islamic irrevocable trust or
Waqf. The organisation falls under Section 10 (23C) of the I-T Act, it can keep only
15% of its income to reap back into the business.
b Products Sold Beverages
c Key Brands Roohafza
d Future Plans Modernize operations.
e Financials Revenue Rs.1000 Crs.


22. Hatsun Agro Product Ltd.
a
Brief
Description
Chaired by R.G.Chandramogan, headquartered in Karapakkam Chennai, the
company is into Dairy Products.
b Products Sold Dairy Products (Milk, Milk Products, Ice Creams)
c Key Brands Arokya, Hatsun, Arun Ice-Creams, Ibaco Ice-Creams
d Future Plans Consolidate Ibaco brand.
e Financials
Revenue Rs.2168 Crs. YOY(%) 35%
Expenses Rs.2017 Crs YOY(%) 34%
Operating Profit Rs.5678 Crs YOY(%) 76%



23. Heritage Foods Ltd.
a
Brief
Description
Chaired by D.Seetharamaiah, headquartered in Hyderabad, the company is a big
name in the dairy industry in South-India, present in 6 states.
b Products Sold
Dairy (Milk, Milk Products, Ice Creams), Beverages (Water, Milk Product, Fruit
Product), Eggs, Sauce, Jams, Honey, Pickles, Salt, Spices, Instant Food
c Key Brands Heritage
d Future Plans Expand the Instant food business.
e Financials
Revenue Rs.1639 Crs. YOY(%) 14%
Expenses Rs.29 Crs YOY(%) 4%
Operating Profit Rs.66 Crs YOY(%) 390%


24. Himalaya
a
Brief
Description
Owned by TGBL Tata Global Beverages
b Products Sold Beverages(Water)
c Key Brands Himalaya
d Future Plans NA
e Financials NA


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25. Hind Agro Industries
a
Brief
Description
Chaired by Sirajuddin Qureshi, headquartered in Delhi, the company operates in the
frozen meat domain and is a large exporter.
b Products Sold Boneless Meat Cuts (Hind & Fore Quarters)
c Key Brands Boneless Meat Cuts (Hind & Fore Quarters)
d Future Plans Increase export market.
e Financials
Revenue Rs.870 Crs. YOY(%) 3%
Expenses Rs.804 Crs YOY(%) (0.86)%
Operating Profit Rs.75 Crs YOY(%) 45%


26. HPC Biosciences
a
Brief
Description
Headed by Tarun Chauhan, the company is headquartered in Delhi.
b Products Sold Cereals, Vegetables (Frozen, Processed), Flowers
c Key Brands Cereals, Vegetables (Frozen, Processed), Flowers
d Future Plans NA
e Financials
Revenue Rs.4.76 Crs. YOY(%) NA
Expenses Rs.0.59 Crs YOY(%) NA
Operating Profit Rs.2.97 Crs YOY(%) NA


27. HUL India Ltd.
a
Brief
Description
Has over 35 brands in 20 distinct categories in the FMCG segment and has been
operating in India for almost80 years.
b Products Sold Sauce, Jams, Salt, Flour, Dairy (Milk Products Ice Creams), Instant Food
c Key Brands
Kissan, Knorr, Annapurna, Cornetto, Feast, Fruttare, Paddle Pop, Kulfeez, Cassatta,
Magnum, Carte D Or,
d Future Plans Consolidate after sales volume recovery.
e Financials
Revenue Rs.4479 Crs. YOY(%) 12%
Expenses Rs.181 Crs YOY(%) 5%
Operating Profit Rs.511 Crs YOY(%) 31%












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28. ITC
a
Brief
Description
Chaired by YC Deveshwar, the company is headquartered in Kolkata and has diverse
business interests.
b Products Sold Staples, Snack Foods, Ready to Eats, Confectionery
c Key Brands
Aashirvaad, Sunfeast, Delishus, Yipee, Bingo (Yumitos, Mad Angles, Tedhe Medhe,
Tangles), Candyman, Mint-o, Kitchens of India
d Future Plans Expand into fruit juice business.
e Financials
Revenue Rs.14237 Crs. YOY(%) 26%
Expenses Rs.456 Crs YOY(%) 5%
Operating Profit Rs.643 Crs YOY(%) 50%


29. Kohinoor Foods Ltd.
a
Brief
Description
Chaired by Jugal Kishore Arora, the company has its headquarters in Delhi.
b Products Sold
Rice, Ready to Eat (Curries, Rice Dishes), Frozen Dishes, Frozen Breads, Spices,
Chutneys, Cooking Sauces, Cooking Pastes, Dairy Products (Paneer)
c Key Brands Kohinoor
d Future Plans
Increase segment penetration. Decrease opex by reorganizing business structure and
increase orders through export orders.
e Financials
Revenue Rs.1221 Crs. YOY(%) 13%
Expenses Rs.1094 Crs YOY(%) (2)%
Operating Profit Rs.121 Crs YOY(%) (64)%


30. KRBL Ltd.
a
Brief
Description
Chaired by Anil Kumar Mittal, headquartered in Delhi, the company is the worlds
largest rice miller and Basmati Rice exporter.
b Products Sold KRBL Rice
c Key Brands KRBL Rice
d Future Plans Brand Consolidation so as to thwart of private labels.
e Financials
Revenue Rs.2080 Crs. YOY(%) 27%
Expenses Rs.1871 Crs YOY(%) 20%
Operating Profit Rs.184 Crs YOY(%) 93%










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31. Kwality Dairy India Ltd.
a
Brief
Description
Chaired by Sanjay Dhingra, headquartered in Delhi, the company deals in Dairy and
Dairy Products with plants in UP, Rajasthan and Haryana.
b Products Sold Kwality Dairy India Ltd.
c Key Brands Dairy Best
d Future Plans
Consolidate brands, bring new variants of products and cater to the health conscious
customer.
e Financials
Revenue Rs.3930 Crs. YOY(%) 62%
Expenses Rs.3809 Crs YOY(%) 64%
Operating Profit Rs.117 Crs YOY(%) 24%



32. Lakshmi Energy & Foods Ltd.
a
Brief
Description
Chaired by Balbir Singh Uppal, the company is headquartered in Chandigarh, the
company deals in
b Products Sold Rice
c Key Brands Lakshmi Foods
d Future Plans NA
e Financials
Revenue NA YOY(%) NA
Expenses NA YOY(%) NA
Operating Profit NA YOY(%) NA



33. Lotus Chocolates
a
Brief
Description
Chaired by P.Prakash.Pai, the company is headquartered in Hyderabad and has
plants in Medak.
b Products Sold Confectionary Products
c Key Brands
Chuckles, Superr Carr, On & On, High 5, Kajoos, Gooble, Milky Punch, Maltys,
Tango, clairs
d Future Plans Consolidate brand.
e Financials
Revenue Rs.47 Crs. YOY(%) (14)%
Expenses Rs.48 Crs YOY(%) (15)%
Operating Profit Rs. (15) Crs YOY(%) (31)%









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34. LT Foods
a
Brief
Description
Chaired by Vijay Kumar Arora, the company is headquartered in Delhi and has
operations in Sonepat.
b Products Sold Rice
c Key Brands Daawat, Devaaya, Rozana, Heritage, Chefs Secretz
d Future Plans Increase Brand recall and introduce more variants in the Instant Food division.
e Financials
Revenue Rs.2229 Crs. YOY(%) 55%
Expenses Rs.2147 Crs YOY(%) 53%
Operating Profit Rs.82 Crs YOY(%)


35. Marico
a
Brief
Description
Headquartered in Mumbai, Maharashtra the company deals in Marico has nurtured
multiple brands in the categories of hair care, skin care, health foods, male grooming
and fabric care.
b Products Sold Edible Oil, Instant Food, Salt
c Key Brands Saffola, Saffola Oats, Saffola Muesli, Saffola Salt Plus
d Future Plans Penetrate the nutrifood business.
e Financials
Revenue Rs.3252 Crs. YOY(%) 17%
Expenses Rs.81 Crs YOY(%) 68%
Operating Profit Rs.581 Crs YOY(%) 30%


36. Mc Cain
a
Brief
Description
Wholly owned subsidiary of Mc Cain Foods based in Canada.
b Products Sold Instant Food
c Key Brands Mc Cain
d Future Plans Consolidate through marketing and brand strengthening.
e Financials
Revenue NA YOY(%) NA
Expenses NA YOY(%) NA
Operating Profit NA YOY(%) NA

37. Milkfood
a
Brief
Description
Headed by Asha Gadi, the company has its headquarters in Delhi with plants in
Punjab and U.P
b Products Sold Dairy (Milk Products)
c Key Brands Milkfood
d Future Plans Foray into further dairy segments through branding.
e Financials
Revenue Rs.335 Crs. YOY(%) 10%
Expenses Rs.309 Crs YOY(%) (4)%
Operating Profit Rs.16 Crs YOY(%) (5)%

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38. Mondelezindiafoods
a
Brief
Description
MNC which recently changed its name from Cadbury to Mondelez India.
b Products Sold Confectionery, Bakery, Beverages (Energy Drink, Fruit Product)
c Key Brands
Cadbury ( Cadbury Dairy Milk, Bourneville, 5 Star, Perk, Gems, Toblerone,
Chocolairs, Bubbaloo, Bourn Vita, Tang, Oreo, Halls)
d Future Plans
The company has been impacted by the Asian slowdown and is trying aggressive
marketing tactics to come out of the slowdown.
e Financials
Revenue NA YOY(%) NA
Expenses NA YOY(%) NA
Operating Profit NA YOY(%) NA

39. Modern Dairies
a
Brief
Description
Chaired by Satish Kapoor, headquartered in Haryana, the company operates out of
Karnal and is mainly into dairy products.
b Products Sold Dairy (Milk, Milk Products, Milk Ingredients)
c Key Brands Modern Dairies
d Future Plans
e Financials
Revenue Rs.589 Crs. YOY(%) 18%
Expenses Rs.592 Crs YOY(%) 17%
Operating Profit Rs.26 Crs YOY(%) 766%

40. Mother Dairy
a
Brief
Description
Wholly owned subsidiary of NDDB India.
b Products Sold
Dairy (Milk, Milk Products), Edible Oil, Beverages (Fruit Based, Milk Based), Jams,
Pickles, Sauce, Rice, Fresh Vegetables & Fruits, Frozen Vegetables
c Key Brands Mother Dairy, Dhara, Safal
d Future Plans Increase reach and penetration in other states.
e Financials Revenue Rs.4000 Crs.


41. Orkla Foods
a
Brief
Description
Orkla group is a Norway based consumer giant that took over MTR foods (Mavalli
Tiffin rooms) and has been operating in India under the MTR brand.
b Products Sold
Snacks, Curry Powder, Instant Food, Ready to Eat (Curries, Rice Dishes, Milk
Products, Energy drink), Spices, Sweets, Pickles
c Key Brands MTR
d Future Plans Increase product variants and bring quality at par with international standards.
e Financials Revenue Rs.1500 Crs.


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42. Nilon
a
Brief
Description
It is the largest producer and marketer of pickles, candied fruits and roasted
vermicelli in the world.
b Products Sold
Pickles, Sauce, Jams, Papads, Cooking Pastes, Curry Powder, Instant Food,
Tamarind
c Key Brands Nilon
d Future Plans Increase capacity and utilize opportunities in the local and the export market.
e Financials Revenue Rs.240 Crs.


43. Nestle
a
Brief
Description
Nestle India is a subsidiary of Nestle S.A. of Switzerland, has 8 factories and a large
number of co packers.
b Products Sold
Dairy(Milk, Milk Products), Beverages(Tea Product), Instant Food, Curry Powder,
Sauce, Confectionery
c Key Brands Nestle, Maggi, Nescafe, Kit-Kat, Bar One, Munch, Polo, Eclairs, Milkmaid
d Future Plans Reorganize business so as to be able to introduce more variants and increase volume.
e Financials
Revenue Rs.91,010 Crs. YOY(%) 9%
Expenses Rs.74,626 Crs YOY(%) 9.8%
Operating Profit Rs.16,642 Crs YOY(%) 8%

44. Paras
a
Brief
Description
Milk and Milk product supplier based in Uttar Pradesh
b Products Sold Dairy (Milk, Milk Products), Beverages (Milk Products)
c Key Brands Paras
d Future Plans Consolidate Brand.
e Financials Revenue Rs.1000 Crs. YOY(%) 20%


45. Parle Agro Pvt.
a
Brief
Description
Chaired by Prakash Chauhan and headed by Alisha Chauhan the company has been
operating out of 14 plants in India.
b Products Sold Beverages (Water, Fruit Product, Coffee Based), Snacks, Confectionery
c Key Brands
Bailey, Frooti, LMN, Appy, Saint Juice, Appy Fizz, Grappo Fizz, Softease Mithai,
Buttercup, Buttercup Softease, Mintrox, Frewt clair
d Future Plans Renter beverage market with a coffee based drink, Caf Cuba.
e Financials Revenue Rs.2000 Crs. YOY(%) NA%




Page | 15


46. PepsiCo
a
Brief
Description
American multinational with diverse food interests in the food business.
b Products Sold Snacks, Beverages (Water, Energy Drink, Fruit Drink)
c Key Brands
Tropicana, Slice, Pepsi, Nimbooz, Mountain Dew, Mirinda Orange, Gatorade Sports
Drink Blue Bolt, Duke Masala Soda, Aquafina, 7UP, Uncle Chipps, Quaker Oats,
Lays, Kurkure, Cheetos
d Future Plans Improve position.
e Financials
Revenue $6507 YOY(%) (2)%
Operating Profit $ 1174 YOY(%) 57%


47. Perfetti
a
Brief
Description
Perfetti Van Melle India has more than 15 brands under its umbrella with
manufacturing plants located in Gurgaon, Chennai, Rudrapur and Uttaranchal.
b Products Sold Confectionery
c Key Brands Alpenlebe, Big Babool, Centre Fresh, Chocolebe, Happydent, Mentos, Chlormint
d Future Plans Consolidate revenue and improve sales and distribution network.
e Financials Revenue Rs.2000 Crs.


48. Rajdhani
a
Brief
Description
Chaired by D K Jain the company has diverse interests from flour to real estate.
b Products Sold Flour, Pulses, Rice, Papads, Barri, Soya Products, Salt, Sugar, Instant Food
c Key Brands Rajdhani
d Future Plans NA
e Financials
Revenue NA YOY(%) NA
Expenses NA YOY(%) NA
Operating Profit NA YOY(%) NA


49. Ravalgaon
a
Brief
Description
Chaired by Harshavardhan V Doshi, the company has its registered office in Nasik
b Products Sold Sugar, Confectionery
c Key Brands Ravalgaon
d Future Plans Expand by concentrating on export business.
e Financials
Revenue Rs.26 Crs. YOY(%) (64)%
Expenses Rs.39 Crs YOY(%) (54)%
Operating Profit Rs.(9.23) Crs YOY(%) 52%


Page | 16


50. REI Agro Pvt. Ltd.
a
Brief
Description
Chaired by Sanjay Jhunjhunwala, headquartered in Kolkata, the company has a 22%
share of Basmati rice.
b Products Sold Rice
c Key Brands Raindrops
d Future Plans Enter the ready meal market of rice and exploit overseas demand.
e Financials
Revenue Rs.5100 Crs. YOY(%) 20%
Expenses Rs.4841 Crs YOY(%) 21%
Operating Profit Rs.259 Crs YOY(%) (8)%


51. RT Exports
a
Brief
Description
Managed by Rashmikant Chunilal Bhimjyani, headquartered in Mumbai, the
company has plant in Kundli and Bundi.
b Products Sold Rice
c Key Brands White Pearl Rice
d Future Plans Improve profitability as per industry benchmark.
e Financials
Revenue Rs.429 Crs. YOY(%) (50)%
Expenses Rs.362 Crs YOY(%) (46)%
Operating Profit Rs.67 Crs YOY(%) (63)%


52. Sampre Nutritio
a
Brief
Description
Chaired by BK Gurbani, headquartered in Andhra Pradesh, the company operates in
the confectionery domain.
b Products Sold Confectionery
c Key Brands Sampre
d Future Plans Increase turnover through strategic sales.
e Financials
Revenue Rs.10.81 Crs. YOY(%) 32%
Expenses Rs.9.05 Crs YOY(%) 54%
Operating Profit Rs.1.53 Crs YOY(%) (33)%


53. Shah Foods
a
Brief
Description
Chaired by Pradip P Shah, headquartered in Gandhinagar the company is in the
business of manufacturing beverage ingredients.
b Products Sold Beverage Ingredients, Confectionery
c Key Brands Shah Foods
d Future Plans Diversify into other sectors
e Financials
Revenue Rs.2.39 Crs. YOY(%) (9)%
Expenses Rs.2.33 Crs YOY(%) (8)%
Operating Profit Rs.0.07 Crs YOY(%) (41)%

Page | 17


54. Shree Renuka Sugars Ltd.
a
Brief
Description
Chaired by Vidya M Murkumbi, headquartered in Belgaum, the company operates
sugar mills in India and Brazil.
b Products Sold Sugar
c Key Brands Madhur
d Future Plans Improve margins as per industry standards.
e Financials
Revenue Rs.10635 Crs. YOY(%) (16)%
Expenses Rs.9341 Crs YOY(%) (14)%
Operating Profit Rs.1264 Crs YOY(%) (36)%


55. Sita Shree Foods
a
Brief
Description
Chaired by Dinesh Agrawal, the company has its registered office in Indore and is
operating two plants in and around Indore.
b Products Sold Flour, Pulses, Rice, Soya Products
c Key Brands Sita Shree
d Future Plans Maximum Capacity Utilization of the plants.
e Financials
Revenue Rs.218 Crs. YOY(%) 50%
Expenses Rs.216 Crs YOY(%) 61%
Operating Profit Rs.9 Crs YOY(%) 63%


56. Tai Industries
a
Brief
Description
Chaired by Dasho Wangchuk Dorji, registered in Kolkata, the group has diverse
business interests.
b Products Sold Sauces, Jams, Juice, Crushes, Squashes, Cereals
c Key Brands DRUK
d Future Plans Increase brand recall.
e Financials Revenue Rs.21 Crs. YOY(%) 5%


57. Tarai Foods Ltd.
a
Brief
Description
Chaired by Gurprit Singh Sandhu, registered in Delhi, the group operates in the
frozen/IQF fruit and vegetables domain.
b Products Sold Vegetables (Frozen/IQF)
c Key Brands Tarai
d Future Plans
e Financials
Revenue Rs.1.68 Crs. YOY(%) 21%
Expenses Rs.1.87 Crs YOY(%) 0%
Operating Profit Rs.6.18 Crs YOY(%) 1273%



Page | 18



58. Tasty Bites
a
Brief
Description
Chaired by Ashok Vasudevan, the company is headquartered in Pune and has its
plant in Pune.
b Products Sold Ready to Eat (Curries & Rice Dishes), Cooking Sauces & Instant Foods
c Key Brands Tasty Bites
d Future Plans Consolidate position and further build consumer base.
e Financials
Revenue Rs.112 Crs. YOY(%) 36%
Expenses Rs.100 Crs YOY(%) 29%
Operating Profit Rs.13 Crs YOY(%) 132%

59. Umang Dairies Ltd.
a
Brief
Description
Chaired by D B Doda, headquartered in Gajraula, the company operates in the dairy
and dairy product domain.
b Products Sold Dairy (Milk Products)
c Key Brands White Magik, TOP, Milkstar, Umang
d Future Plans Increase Product portfolio.
e Financials
Revenue Rs.173 Crs. YOY(%) 15%
Expenses Rs.166 Crs YOY(%) 22%
Operating Profit Rs.18 Crs YOY(%) 16%

60. Usher Agro
a
Brief
Description
Chaired by V K Chaturvedi, headquartered in Mumbai, the company has diverse
interests one of which is edible oil and agro products.
b Products Sold Flour, Rice
c Key Brands
Rasoi Raja, Rasoi Raaja Parmal, Eco Sharbati, Naman Mansoori, Extreme Sella
1121
d Future Plans Consolidate position and maximize operation efficiency.
e Financials
Revenue Rs.958 Crs. YOY(%) 18%
Expenses Rs.846 Crs YOY(%) 17%
Operating Profit Rs.131 Crs YOY(%) 21%


61. Vadilal
a
Brief
Description
Chaired by R R Gandhi, headquartered in Ahmedabad, the company is a big name in
ice-creams.
b Products Sold Dairy (Milk Products - Ice Creams)
c Key Brands Vadilal
d Future Plans Expand portfolio to frozen fruits, vegetables and ready to eat dishes.
e Financials
Revenue Rs.330 Crs. YOY(%) 14%
Expenses Rs.296 Crs YOY(%) 16%
Operating Profit Rs.44 Crs YOY(%) 15%