Hindustan Foods Limited has informed the Exchange about Acquisition by Hindustan Foods Limited.
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Hindustan Foods Limited (HFL) has signed a Business Transfer Agreement on March 23, 2026 to acquire the business undertaking of Ultra Beauty Care Private Limited on a slump sale and going concern basis. The target is a contract manufacturing business based in Aurangabad, Maharashtra, specialising in ayurvedic, herbal beauty care and cosmetic products. The deal is for a cash consideration of Rs. 19.90 crore, with no related party involvement. The acquisition is expected to close by Q1 FY 2026-27 and marks HFL's strategic entry into the beauty and personal care contract manufacturing segment.
This acquisition diversifies HFL into the fast-growing ayurvedic and herbal beauty care contract manufacturing space, potentially adding a new revenue stream. For shareholders, it represents a moderate, debt-funded or cash deployment (Rs. 19.90 cr) that could be value accretive if synergies materialise, though the small deal size limits immediate stock price impact.