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Orkla India plans to accelerate growth
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Thursday, 17 September, 2026, 08 : 00 AM [IST]
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Our Bureau, Bengaluru
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Orkla India, the maker of MTR Foods, aims to become one of the country's fastest-growing multi-category food companies over the next five years, driven by premiumisation, health and wellness offerings, rapid expansion of quick commerce, and potential inorganic opportunities, said its MD and CEO Sanjay Sharma.
The company is part of the Norwegian conglomerate Orkla ASA, operating in India with brands such as MTR, Rasoi Magic and Eastern, and is looking to consolidate the fragmented Indian spices industry through further acquisitions while remaining open to partnerships in the convenience foods space, he said.
In processed food space it is among the largest exporters of branded spices, gets around 21 per cent of its revenue from exports and is encouraged by upcoming Free Trade Agreements (FTAs) with key markets, which could improve market access and create a more stable business environment over the next 6-12 months, Sharma said.
While Sharma refrained from sharing specific revenue or profitability projections, to a media agency he said the company remains confident it can sustain its historical double-digit growth trajectory as consumer preferences evolve and new channels gain prominence.
"We want to be one of the leading, fastest-growing multi-category companies in India. We have always and historically delivered a strong double-digit growth as far as the business is concerned. We are quite confident that we will continue to deliver that in the future as well," said the MTR CEO.
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