Press Release in respect of DSM Fresh Foods Limited "entering high growth RTE & RTC segment with the Acquisition of Avyom Foodtech Private Limited"
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Awaiting price reaction for this filing.
DSM Fresh Foods (ZappFresh) announced its Board has approved acquiring a 51% controlling stake in Avyom Foodtech Private Limited (AFPL) for approximately ₹7.5 crore through a preferential share subscription, marking the company's entry into the ready-to-eat (RTE) and ready-to-cook (RTC) food segment. As part of the deal, AFPL will acquire the operating business of Ambrozia Frozen Foods via a slump sale, including a 5-acre food processing facility, plant and machinery, and associated liabilities such as bank borrowings and trade payables. Ambrozia's facility has a processing capacity of about 15 tonnes per day, supports 150+ SKUs (idli, kebabs, momos, gravies, sauces, etc.), serves institutional clients like Hyperpure, Faasos, Jubilant, and Al Kabeer, and exports to Canada, UK, and UAE. Ambrozia reported FY25 turnover of around ₹13 crore, with historical peak annual revenues of ₹16 crore, demonstrating commercial scalability. The acquisition gives DSM an immediate, export-ready, FSSAI-approved processed food platform rather than building one from scratch.
Positive for shareholders — this is a strategic, capital-disciplined expansion into a high-growth processed food category with established customers, export channels, and proven revenue of ₹13–16 crore, potentially diversifying and boosting long-term revenue. Near-term impact on stock may be modest given the relatively small deal size (₹7.5 crore), but it signals a clear growth pivot beyond fresh foods.