ADF Foods - Multiple Growth Levers Ahead: HDFC Securities Initiates Coverage

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Retail Research.Started in 1932 as a small retail store selling dry fruits and nuts under the name of American Dry Fruit Stores in Mumbai, from where it gets its current name, ADF Foods Ltd. today is a market leader in the prepared ethnic food segment with products spanning across a wide range of categories from ready-to-eat to frozen foods and meal accompaniments. With a strong portfolio of seven brands including Ashoka, Truly Indian, Camel, Aeroplane, ADF Soul, Nate’s and PJ’s Organics and a global presence in 55 plus countries, ADF Foods has a developed a strong global footprint with 98% plus of revenues coming from exports across the globe, the largest contribution being from North America, Europe and GCC Markets.The rise in urban working culture and fast-paced lifestyles, processed foods such as ready-to-eat products are increasingly becoming the go to food for most meals for millennials, a trend which further received a thrust from Covid-19 led lockdowns. ADF Foods, with its strong portfolio, established distribution network backed by renewed aggression looks well placed to capture this trend..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ADF Foods - Multiple Growth Levers Ahead: HDFC Securities Initiates Coverage

ADF Foods - Multiple Growth Levers Ahead: HDFC Securities Initiates Coverage

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