Snacks

Temasek acquires 10% stake in Haldiram's snacks business for $1 billion

The sale is one of the largest recent transactions in India's FMCG sector and could pave the way for more foreign investment in the industry

Beyond Snack raises $8.3 million in series A round for expansion efforts

The fresh funds will be used for expansion into new territories, product innovation, and strengthening its supply chain infrastructure

Swiggy launches new standalone app Snacc for 15-minute food delivery

The launch comes at a time when the food delivery apps in India are racing to deliver everything from biryani to hot beverages to customers' doorsteps in under 10-15 minutes

Billion-dollar potential: Haldiram's snack empire attracts global interest

The Haldiram brand which is today a household name had a rather humble beginning in the streets of Bikaner, which was started by Ganga Bishan Agarwal, fondly called Haldiram

Chai, croissants & samosas: India's snack evolution blends old & new

India's snack scene is evolving rapidly, blending timeless favourites with new flavours. From Mumbai's samosas with garlic bread to Bangalore's adrak chai, it's a remix of traditions

Haldiram Snacks' promoters revise stake sale plans, look to offload 10-15%

Earlier, the promoters of Haldiram's were exploring the possibility of selling a controlling 51 per cent stake, a move that would have valued the company between $8 billion and $10 billion

PepsiCo cuts sales forecast as customers limit spending on snacks, sodas

The packaged food giant now expects fiscal 2024 organic sales to grow in a low single-digit range. It had previously forecast a 4 per cent rise

NDMC to provide free tea, snacks to field workers across departments

In a first, the New Delhi Municipal Council (NDMC) has decided to provide free tea and snacks to its field staff across various departments. This initiative is aimed at supporting over 5,000 employees, including sweepers, gardeners, 'beldars' (groundsmen) and linemen from the electricity department among others, an official told PTI. The official added the decision is on the same lines as practiced in the police and paramilitary forces where the personnel working during the odd hours receive free refreshments. "Our field workers, like sweepers, start their duties as early as 4 am to ensure that streets are clean before the traffic begins. At that time, finding food or tea is challenging, so this is a commendable step," the official said. According to the official, this initiative makes the NDMC the first municipal body in India to implement such a program and the provision of free tea and snacks is a gesture of appreciation and support for the dedication of these workers, who often

Bikaji says 'not for sale' amid investor interest in domestic snacks market

Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale, Chief Operating Officer Manoj Verma said earlier this month

Bikaji Foods Q1 result: Net profit rises 40% to Rs 58.06 cr, revenue up 15%

Snacks manufacturer Bikaji Foods International Ltd on Wednesday reported a 40.2 per cent increase in its consolidated net profit to Rs 58.06 crore in the first quarter ended in June 2024. The company had posted a consolidated profit of Rs 41.41 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 15.24 per cent to Rs 555.12 crore in the June quarter. It was at Rs 481.68 crore a year ago. Bikaji Foods reported volume growth of "16.2 per cent YoY, led by double-digit growth across categories," said an earning statement from the company. Total expenses of Bikaji Foods in the June quarter were up 16.08 per cent to Rs 501.32 crore. Its total income was at Rs 579.41 crore in the June quarter, up 18.8 per cent. "Our EBITDA for the quarter improved by 240 bps year-over-year, reaching 916 million, reflecting our commitment to operational efficiency and disciplined cost management," said Managing Director Deepak .

This pani-puri vending machine from Bengaluru is spicing up the internet

Bengaluru is trending on social media after the image of an automatic pani-puri vending machine located at its HSR layout road is going viral

73% Indians read ingredient lists, nutritional value of snacks: Report

As many as 73 per cent Indians prefer to read ingredient lists and nutritional value before purchasing any snack, reveals a new survey, highlighting the majority of Indians' growing inclination towards healthy snacking. Based on a survey of over 6,000 people across India, the Healthy Snacking Report 2024, released on Sunday, aims to examine the ever evolving consumption trends in India. "Seventy three per cent of those surveyed prefer to read labels for ingredient lists and nutritional value before making a purchase. Of this, 93 per cent expressed a desire to transition to healthier options, highlighting a correlation between label reading and conscious choices while pushing for transparency," read the report. The report was released against the backdrop of an increasing number of cases regarding food adulteration that have come to the fore, be it in spices, confectionaries or fast-moving goods. This, according to the report, has triggered a wave of conscious consumption, with ...

Wipro Consumer Care-Ventures leads investment round in snacks firm LetsTry

Founded in 2021 by Nitin Kalra, LetsTry offers premium quality snacks that resonate with the traditional tastes and preferences of Indian consumers

How iconic Indian snack brand Haldiram's became a global investment target

Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant

Promoters reluctant to sell Haldiram Snacks despite offers by PEs

Not enthused by reported valuation of Rs 69,138 crore

Dark Parle G goes viral on X, a platform filled with hilarious memes

An image of Dark Parle G went viral on X; the microblogging platform is filled with memes and hilarious comments. Check some of the funny comments here

Bikaji Foods Q3 results: Profit up 14% on strong demand for packaged sweets

Consolidated net profit stood at Rs 46.62 crore ($5.6 million) for the three months ended Dec. 31, compared with Rs 40.74 crore a year earlier

Haldiram's seeks to buy Indian chips maker Prataap Snacks: Report

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

Unhealthy snacks raise risk of strokes and cardiovascular disease: Study

The researchers discovered that just half of the people matched the nutritional value of their meals and snacks. This disparity has a detrimental impact on health indicators like blood sugar and fat levels, and addressing it may be as simple as changing one's diet.With unhealthy snacks, 25 per cent of people nullify the positive effects of healthy meals, increasing their risk of stroke and cardiovascular disease.Researchers from the School of Life Course & Population Sciences and ZOE outline the snacking behaviours of 854 participants from the ZOE PREDICT project in their findings, which were published today in the European Journal of Nutrition.Dr Sarah Berry from King's College London and chief scientist at ZOE said, "Considering 95 per cent of us snack, and that nearly a quarter of our calories come from snacks, swapping unhealthy snacks such as cookies, crisps and cakes to healthy snacks like fruit and nuts is a really simple way to improve your health."Contrary to what is ...

From Bikaneri bhujia to India's top snack empire: The Haldiram's story

From a small chawl in Bikaner to being one of the most recognisable brands in India, here's the story of Haldiram's