Alka India Ltd has acquired 100% stakes in seven nutraceutical and foods companies NE-Urish Nutrifoods, Mementos Foods, Kostub Foods, Satyarath Foods, Phycus Nutrifoods, Philmont Nutrifoods, and Grefos International expanding its portfolio aggressively. This strategic buyout targets high-growth health foods amid India's booming wellness market.
Acquisition Details
Alka India Ltd, a BSE-listed player in commodities and emerging consumer goods, announced full ownership acquisitions across seven niche nutraceuticals firms. The move diversifies into superfoods, protein supplements, and functional foods, capitalizing on post-pandemic health trends and rising disposable incomes.
Key Highlights
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Targets Acquired: NE-Urish Nutrifoods (protein shakes), Mementos Foods (health snacks), Kostub Foods Pvt Ltd (organic nuts), Satyarath Foods (millets), Phycus Nutrifoods (algae-based), Philmont Nutrifoods (plant proteins), Grefos International (export-oriented wellness).
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Strategic Fit: Enhances Alka's F&B vertical; synergies in supply chain, branding for ₹500 Cr+ combined revenue potential.
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Market Context: India's nutraceuticals market at ₹50,000 Cr, growing 20% CAGR; aligns with PLI schemes.
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Impact: Boosts order book, margins via vertical integration; shares up 5-8% intraday.
Outlook
This consolidates Alka's position in health nutrition, eyeing exports and e-commerce. Investors watch integration, regulatory nods; positive for sector peers in M&A wave.
Sources: BSE Announcements, Moneycontrol, Economic Times Markets.