Leo Dryfruits & Spices secures Rs 750+ Cr revenue visibility over 5 years with Haldiram partnership

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.