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Hindustan Foods Gets Systematix' 'Buy' Initiation, Sees 23% Upside
The brokerage expects to upgrade Hindustan Foods’ earnings over FY26-FY27 if it finalizes more contracts through its ever-expanding pipeline during this period
23 Apr 2025, 11:12 AM IST 
Hindustan Foods is among India’s largest and most diversified organized FMCG contract manufacturers, posting 41%/51%/54% CAGR in revenue/ earnings/ gross block during FY19-FY24, while maintaining RoE in high-teens.
(Photo: Hindustan Foods website)
Hindustan Foods is now undergoing a transformation, adding- marquee as well as mid-sized clients, new segments and the shared-manufacturing model. Starting with marquee MNC clients HUL and Reckitt Benckiser, Hindustan Foods has aggressively added names like Dabur, Hector Beverages, Coca-Cola as well as more mid-sized new-age clients like NIC ice creams (funded with relatively lower debt vs. established clients to minimize risk).
