NHC Foods buys stakes in Lotmor Brands, Walya's Beverages to widen food push
What's the deal? NHC Foods has approved the acquisition of controlling stakes in two Indian companies — up to 88% of Lotmor BrandsDealroom has a profile for this one. Try Dealroom → and up to 80% of Walya’s Beverages. The consideration, priced at US$0.09 per share, can be settled in cash or NHC Foods equity shares. The deal value was undisclosed.
What's the endgame? NHC Foods wants a more comprehensive food and beverage platform, linking sourcing, processing, and distribution. Lotmor Brands, founded in 2018, trades and manufactures across more than 20 states and over 22,000 retail outlets. Walya's Beverages, incorporated in 2021, handles manufacturing, trading, wholesaling, import, and export.
Why now? "Our approach with these proposed acquisitions is to build on what we already have rather than operate these businesses in isolation," said managing director Satyam Shirishchandra Joshi. He added the aim is to create "stronger linkages between sourcing, processing, distribution and the end market."
By the numbers: Lotmor posted turnover of US$353.1K in FY24 and US$244.4K in FY25. Walya's reported US$96.4K in FY24 and US$29.9K in FY25, after no turnover in FY23. NHC Foods itself reported consolidated net profit up 924% year on year in Q1 FY27, driven by higher revenue and volumes.
The new hire: The board appointed Suryakant Dhondu Walavalkar as additional director and executive director. He is the founder and managing director of Lotmor Brands and brings more than 28 years of experience.
The signal: NHC Foods is buying capacity and distribution to ride India's growing beverage market, projected to reach US$27.2B by FY 2027-28 at an 11% CAGR. Recent moves — a US$7.3M preferential issue of convertible warrants and the conversion of foreign currency convertible bonds — give it the capital base to consolidate smaller players into one ecosystem.
Read more: investywise.com
Image credit: U.S. Department of Agriculture
