Orkla India Eyes Acquisitions to Fuel Double-Digit Growth
Orkla India, the parent company of popular brands MTR and Eastern, is actively pursuing acquisitions to expand its portfolio, with targets ranging from ₹1 billion to ₹2 billion and beyond, CEO Sanjay Sharma told Reuters. The company is leveraging rising demand for ready-to-eat meals and stronger reliance on hyperfast delivery platforms to drive future growth.
Deal activity in India’s consumer goods sector has accelerated, hitting a four-year high between January and September, led by food and beverages, according to Equirus Capital. Notable transactions this year include Tilaknagar Industries’ $486 million purchase of the Imperial Blue whisky brand and Wilmar International’s $832 million stake deal in AWL Agri Business.
Following the 2023 merger of MTR and Eastern, Orkla India expects a return to its historical double-digit revenue growth from fiscal 2026 onward. Online sales surged 47% last year, increasing their contribution to 7.5% of domestic revenue. Sharma noted that rising incomes, dual-income households, and the surge of platforms like Blinkit, Zepto, and Instamart are expected to propel the company’s convenience foods segment faster than its traditional spices portfolio.
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