HyFun Foods Eyes Rs 1,500 Crore Revenue, Sets Sights on 2028 IPO
Frozen potato products manufacturer HyFun Foods aims to achieve Rs 1,500 crore revenue in the current fiscal year. The company is investing Rs 1,000 crore in large-capacity production lines in Asia. HyFun expects domestic sales to grow from 30% to 50% of total revenue, driven by reduced GST on processed foods. The company has expanded into Southeast Asia, Middle East, Far East, and recently entered the US market. HyFun operates in food service, HoReCa, and consumer segments. The company plans to go public by 2028 and is encouraging third-party suppliers to invest in cold chain infrastructure to reduce costs.
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Frozen potato products manufacturer HyFun Foods has unveiled ambitious plans for growth, targeting a substantial revenue increase and a potential initial public offering (IPO) within the next five years.
Revenue Projections and Expansion Plans
HyFun Foods has set its sights on achieving a revenue of Rs 1,500 crore in the current fiscal year. To support this growth trajectory, the company is making a significant investment of Rs 1,000 crore to establish large-capacity frozen French fry and potato specialty production lines in Asia.
Domestic Market Focus
The company anticipates strong growth in the domestic market, driven by a reduction in Goods and Services Tax (GST) on processed foods. This favorable tax environment is expected to boost HyFun Foods' domestic sales significantly:
| Metric | Current | Target |
|---|---|---|
| Domestic Sales Contribution | 30.00% | 50.00% |
Export Markets and US Entry
HyFun Foods has established a presence in several international markets:
- South East Asia
- Middle East
- Far East
The company is positioning India as an alternative supplier to Europe and the United States in these regions. Recently, HyFun Foods entered the US market with its Hash Brown Patty products, further expanding its global footprint.
Market Segments
HyFun Foods operates across multiple segments:
- Food Service
- HoReCa (Hotels, Restaurants, and Catering)
- Consumer Segments
IPO Plans and Future Strategy
The company has outlined its intention to go public by 2028. The proceeds from the planned IPO are expected to be utilized for further expansion of the business.
Supply Chain Development
In an effort to reduce costs associated with frozen products, HyFun Foods is encouraging third-party suppliers to invest in cold chain infrastructure. This strategy aims to improve the efficiency and cost-effectiveness of their supply chain.
As HyFun Foods continues its growth trajectory, investors and industry observers will be watching closely to see how the company navigates the challenges and opportunities in the frozen food market, both domestically and internationally.
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