Haldiram, a leading player in India’s ₹54,000 crore snack industry, has sold a 10% stake to Singapore’s sovereign investment firm, Temasek. The deal, valued at ₹8,700 crore ($1 billion), marks one of the biggest foreign investments in India’s food and beverage sector. This investment is set to strengthen Temasek’s presence in India’s fast-growing consumer market.
Haldiram’s Market Dominance in India
Haldiram holds approximately 13% market share in India’s $6.2 billion salty snacks segment. Apart from packaged snacks, the company also operates a nationwide chain of restaurants, reinforcing its strong foothold in the Indian food industry.
Foreign Investment Reflects Growing Global Interest
Temasek was not the only contender for this deal. Private equity giants Bain Capital and Blackstone also expressed interest in acquiring a stake in Haldiram. However, Temasek outbid them to seal the deal.
- Blackstone had proposed buying a 20% stake, but at a lower valuation.
- Bain Capital was also keen but couldn’t finalize a deal.
This investment highlights the increasing global interest in India’s FMCG sector, which has been experiencing rapid growth over the past decade.
Haldiram’s Restructuring & Ownership Distribution
Following the deal, Haldiram’s ownership structure has been reorganized:
- Existing shareholders now hold 56% in Haldiram Snacks and 44% in Haldiram Foods International.
- Haldiram Snacks Foods Private Limited (HSFPL) will now manage the company’s entire consumer products division.
Financial Performance – FY24 Overview
Haldiram Foods International reported strong financial growth in FY24:
- Net Sales: ₹4,551 crore ($550 million), reflecting a 10.9% year-on-year increase.
- Net Profit: ₹597 crore ($72 million), compared to ₹436 crore ($53 million) in FY23.
These figures underscore Haldiram’s robust financial performance and strong brand positioning in the Indian market.
Upcoming Haldiram IPO – A Game Changer?
According to banking sources, Haldiram plans to launch its IPO within the next year. If the company goes public, it could further strengthen its financial position and market reach.
- The IPO will provide investors with an opportunity to invest in one of India’s most popular FMCG brands.
- Listing on the stock exchange will enhance brand visibility and attract more institutional investors.
About Haldiram – A Household Name in India
Haldiram, one of India’s most recognized snack brands, operates as three separate family-run businesses:
- Delhi-based Haldiram Snacks
- Nagpur-based Haldiram Foods International
- Kolkata-based Haldiram Bhujiawala
However, Delhi and Nagpur divisions merged their FMCG businesses to form Haldiram Snacks Foods Private Ltd (HSFPL). This consolidation has helped streamline operations and increase market efficiency.
A Landmark Deal for Indian FMCG Sector
Temasek’s investment in Haldiram is a significant milestone for the Indian FMCG industry. It highlights foreign investors’ confidence in India’s growing consumer market and could pave the way for more international deals in the sector. With its strong financials, market dominance, and upcoming IPO, Haldiram is poised for even greater success in the coming years. Investors and consumers alike will be keenly watching what’s next for India’s favorite snack brand! 🍿🔥
