The company is banking on quick-delivery platforms and demand for ready-to-eat meals as it looks to clock double-digit revenue growth
Aimed at expanding its portfolio, Orkla India, the owner of MTR and Eastern Spice brands, is exploring possible acquisitions. Reuters reported that the company is banking on quick-delivery platforms and demand for ready-to-eat meals as it looks to clock double-digit revenue growth.
The report noted that the company is on the lookout for more mergers and acquisitions. It has enough cash and is open to raising more money to fund deals, its top official told Reuters. The company, which is the Indian arm of Norwegian consumer goods group Orkla, aims to return to double-digit revenue growth in the current financial year, and expects the convenience foods segment to witness steady growth.
Last year, the group’s convenience foods business made up 33.4 per cent of revenue, an increase from 31.5 per cent a year earlier. The report noted that dealmaking in the consumer goods and retail sector reached a four-year high for January to September, led by the food and beverages (f&b) category.
Highlighting that the consumption trends were mixed in the second quarter of the current financial year (Q2FY26), a report by Icra has noted that the festive season and goods and services tax (GST) rate cuts are expected to boost demand in Q3FY26.
In a report, Icra added that while the gross domestic product (GDP) dataset suggests that the growth in India’s Private Final Consumption Expenditure (PFCE) has improved to 7.9 per cent in Q2FY26 from 7 per cent in Q1FY26, the growth in nominal terms has remained lacklustre at 9.3 per cent, well below the consistent double-digit growth that was seen in this indicator through FY2025. (With Reuters Inputs)
