Key Points
NEW DELHI: PE firm Samara Capital is in talks to acquire 50% in pasta and sauces maker Del Monte Foods from Bharti Enterprises as well as a minority stake in Yummiez frozen foods maker Godrej Tyson Foods, executives aware of the developments said...
The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets..
On top of that, quick commerce and ecommerce are enabling impulse consumption and deeper reach..
While Samara's negotiations with Bharti Enterprises for Del Monte are at an advanced stage, talks with Godrej Agrovet for the Godrej Tyson Foods stake are preliminary, said the executives cited above...
In FY23, Godrej Tyson Foods crossed Rs 1,000-crore sales milestone and posted Rs 13.20-crore profit before tax while Del Monte Foods reported revenues of Rs 536.36 crore and losses of Rs 15.2 crore...
