The funding might be made in tranches, with the acquisition anticipated to be accomplished over the subsequent two years, in line with the corporate’s inventory trade submitting.
By this acquisition, Bikaji goals to construct a ‘Home of Manufacturers’ catering to numerous buyer preferences and strengthening its place within the fast service restaurant (QSR) section.
“This acquisition will allow Bikaji to broaden its product portfolio into the premium bakery and patisserie section, whereas additionally incorporating numerous café choices to fulfill evolving shopper preferences. The Hazelnut Manufacturing facility is a longtime café-cum-artisanal sweets model with a retail presence in six shops in Lucknow and one retailer every in Kanpur and Delhi,” the submitting said.
Hazelnut Manufacturing facility Meals Merchandise provides specialty espresso, artisanal sweets, bakery and patisserie gadgets, together with a spread of café menu choices.
The acquisition of The Hazelnut Manufacturing facility will improve Bikaji’s Home of Manufacturers by offering cross-selling alternatives, versatile menu choices, a various buyer base, a diversified model portfolio, shared amenities and sources, and elevated market presence.Deepak Agarwal, MD of Bikaji Meals Worldwide, stated, “This acquisition marks a major step in Bikaji’s journey to broaden past conventional ethnic snacks and enter the retail QSR, premium artisanal sweets, and bakery segments. This strategic transfer not solely marks our entry into the high-growth QSR sector but additionally aligns with our imaginative and prescient to construct a ‘Home of Manufacturers’. By integrating the premium choices of The Hazelnut Manufacturing facility with Bikaji’s manufacturing capabilities, we purpose to cater to distinctive buyer tastes and preferences, establishing Bikaji as a key participant within the QSR area.”On Wednesday, Bikaji’s shares closed at Rs 910.3, up 3.2% on the BSE, whereas the benchmark Sensex fell 0.39%. Its shares have surged 67% in 2024 so far and 85% over the previous 12 months, with the corporate presently holding a market capitalization of Rs 22,793 crore.
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