The company expects to do a turnover of around Rs. 75 Crores from their Mysuru site and the Board has further approved the augmentation of the beverage capacity in Mysuru by a further investment of Rs. 35 Crores.
Hindustan Foods Limited’s Mysuru unit has achieved its highest ever turnover in Q4 ’22. In addition to its existing customer, Hector Beverages (Paper Boat), HFL now manufactures for Tata Consumer Products Limited.
In 2018-2019, HFL acquired more than 40% stake in ATC Beverages Private Ltd Mysuru, engaged in the business of manufacturing and distribution of soft drinks, juices, and energy drinks.
Addition of HFL to the food manufacturing ecosystem will strengthen the city’s slow but steadily growing clout as the destination to make all kinds of food products including spirits. Renowned institutes like CFTRI and DFRL will facilitate this transformation.
HFL was established in 1988 as a result of Dempo Group’s foray into the FMCG segment through a joint venture with Glaxo India Limited, with the objective of manufacturing nutritional food products.
In 2013, Vanity Case Group bought a controlling stake in Hindustan Foods Limited from Dempo Group of Goa and since then the company has diversified across various FMCG categories with manufacturing competencies in food and non-food, extending to Personal Care, Home Care, Food & Beverages, Leather Shoes and Accessories.
It intends to continue leveraging India’s consumption story through organic and inorganic expansion.