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Till about this cold wave, sales of winter products were muted and had degrown by 5-10% year-on-year in December. Even if the current surge may not wipe out the entire losses, industry executives expect some winter categories may eventually post flat sales.
Va Tech WABAG aims for 15-20% growth, 13-15% EBITDA margins, focusing on India, Middle East, and Africa markets.
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The broad segments that are under examination are ready-to-eat, ready-to-cook and do-it-yourself in the foods business, apart from staples, sugar, salt or nuts. Depending upon the fit and need for investment, the venture would be taken up
There are plans to undertake an initial public offering for the group’s edible oil and packaged food business, Emami Agrotech, once the business delivers sustained profit which is impacted last fiscal and this year due to volatility in edible oil prices globally, said promoter director of the group Aditya V Agarwal.