NHC Foods Brews Up Transformation with Lotmor Tie-Up & Leadership Overhaul

NHC Foods Limited (BSE: 517544) is India's premier agri-export and spice major that has stepped up its growth strategy by signing a historic MoU with Lotmor Brands. The alliance grants NHC Foods sole rights to manufacture Lotmor's "Nature Day" branded beverages and FMCG products—marking a dramatic foray into India's high-speed organised retail and packaged foods arena.

 

Key Highlights

 

Strategic MoU Signed: NHC Foods obtains two-year production rights to Lotmor's "Nature Day" beverages, its entry into India's fast-expanding beverage and FMCG businesses. A whole manufacturing agreement comes after the duration of the MoU.

 

Retail Ambition: Aggressive expansion in top retail chains is a goal, leveraging both manufacturing experience and new-product development.

 

Leadership Transition: Satyam Joshi has been promoted from Executive Director to Managing Director as part of a leadership transition. Manoj Kumar Sharma becomes CFO, and Vijay Thakkar joins as Company Secretary and Compliance Officer, both from July 16.

 

Capital Raising & Expansion: Shareholders in an EGM recently approved raising the authorized share capital to ₹100 crore from ₹65 crore and issuing 6.5 crore convertible warrants at a preferential basis to Mr. Joshi—giving pace to planned expansion.

 

Strong Financials: In FY 2024-25, revenue surged to ₹341.41 crore, a 63.1% year-on-year increase, and net profit surged 184.7% to ₹6.69 crore led by operating efficiency and new growth opportunities.

 

"Today's MoU is a milestone moment as we enter India's dynamic retail market. It's the beginning of a long-term transition for us," said Managing Director Satyam Joshi.

 

Source: Business Upturn, DSIJ, Moneycontrol, Rediff, BSE India, MarketsMojo, Blinkx