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Expects to generate ~Rs 150 crore annual revenue post commissioning
Leo Dryfruits & Spices Trading has announced a landmark development through its subsidiary, Vandu Food Processing Private Limited (VFPPL), which has entered into a long-term supply agreement with Haldiram Marketing, one of India’s leading FMCG brands.
Key Investment Highlights
Strong Revenue Visibility
- Expected to generate ~Rs 150 crore annual revenue post commissioning
- Implies Rs 750+ crore revenue potential over five years
- Provides clear medium-term revenue visibility and scale-up opportunity partnership with a market leader
- Collaboration with Haldiram, a trusted and dominant FMCG player
- Validates company’s quality standards, processing capability, and reliability
- Opens doors for repeat orders and product basket expansion strategic shift towards value addition
- Transition from trading-led model to processing-driven, higher-margin business
- Focus on cashew processing (value-added SKUs like powder & broken pieces)
- Enhances operating leverage and margin profile over time capacity utilisation and scale
- Agreement supports efficient utilization of upcoming processing facilities
- Built-in scalability with order-based execution model
- Opportunity to expand into adjacent product categories strengthens B2B Segment
- Reinforces position in institutional and bulk supply segment (B2B)
- Complements existing distribution across B2B, B2C, and D2C channels
- Improves revenue mix stability and predictability long-term contractual stability
- Five-year agreement (renewable) ensures business continuity
- Provides visibility of sustained demand pipeline
- Reduces volatility typically associated with commodity trading platform for future expansion
- Association with marquee brand enhances credibility for global and domestic expansion
- Potential entry into larger FMCG supply chains and private label opportunities sope of the agreement
- Processing and supply of cashew nuts and related food products
- Includes conversion of raw cashews into finished products such as:
- Operations aligned with strict quality, packaging, and specification standards defined by Haldiram
Kaushik Sobhaghchand Shah, Chairman and Managing Director, Leo Dryfruits & Spices Trading, said, “The agreement with Haldiram marks a significant milestone in Leo Dryfruits & Spices Trading Limited’s growth journey, reinforcing its transition toward a value-added, processing-led business model. By securing a long-term partnership with a leading FMCG player, the company is strengthening its capabilities in food processing, supply reliability, and institutional distribution.”
The partnership provides strong revenue visibility of over ₹750 crore across five years, while enabling efficient capacity utilization and margin improvement through value-added cashew products. It also enhances the company’s credibility and positions it for expansion across larger FMCG supply chains and B2B segments.