Latest news with #HareshKaramchandani
Time of India
7 days ago
- Business
- Time of India
HyFun Foods expands frozen snacks portfolio for HoReCa and retail segments
New Delhi: Gujarat-based HyFun Foods is expanding its ready-to-cook frozen snack portfolio with a focus on Indian street-style flavours. The company has officially launched its Mumbai Aloo Vada and is set to roll out the Spicy Paneer Patty to tap into rising demand for diverse frozen offerings among urban Indian consumers. The new launches are part of HyFun's plan to scale its domestic retail operations and achieve Rs 100 crore in retail revenue in 2025, the company said in its previous interview with ETRetail. Quick commerce is expected to play a pivotal role in this strategy, contributing nearly 33% of B2C revenue next year — a fivefold increase over the previous year. 'At HyFun, we're proud to offer both international favourites and authentic Indian innovations, from our patties served in leading quick service restaurants and burger chains, to the Mumbai Aloo Vada we proudly call the 'Indian burger,' to our soon-to-launch Spicy Paneer Patty,' said Haresh Karamchandani , CEO of HyFun Foods. The new offerings will be available across the HoReCa segments, with a retail rollout underway. HyFun's retail footprint has expanded from 6 to over 50 cities over the last three years, driven by improved cold chain logistics and growing consumer acceptance of frozen foods. The company's omnichannel strategy spans modern trade, general trade, and quick commerce, with its products now available on platforms like Zepto, Swiggy Instamart , Blinkit, and JioMart. HyFun Foods recorded ₹1,450 crore in revenue in FY25 and is targeting ₹5,000 crore in overall revenue within five years through both domestic and global expansion. Currently, 70% of the company's revenue comes from exports to markets such as Southeast Asia and the Gulf. It has also begun supplying to Walmart in the US. By 2028, the company aims for 50% of its total consumption to be driven by the Indian market, reflecting a significant strategic pivot toward domestic growth.
Time of India
06-05-2025
- Business
- Time of India
Frozen Food maker HyFun Foods eyes Rs 100 crore revenue from domestic retail in 2025, bets big on quick commerce
New Delhi: Frozen food manufacturer HyFun Foods is scaling up its retail play in India through a sharp focus on modern trade, general trade, and quick commerce channels, a company's top official said. The company expects to generate over Rs 100 crore in retail revenue from the domestic market in calendar year 2025, with quick commerce projected to contribute nearly 33 per cent of its B2C revenue, a fivefold jump from last year. 'By 2028, we expect 50 per cent of our total consumption to come from the Indian market,' said Haresh Karamchandani , managing director and Group CEO, HyFun Foods, in an interaction with ETRetail. The Gujarat-based company, which clocked over Rs 1,450 crore in revenue in FY25, is targeting Rs 5,000 crore in the next five years as it scales both domestic and international operations. Expansion and omnichannel push HyFun has expanded its retail footprint from 6 to 37 cities over the past three years, driven by improvements in cold chain infrastructure and rising consumer acceptance of frozen food formats. The company has partnered with key quick commerce players including Zepto , Swiggy, and Blinkit. In particular, the company has tied up with Zepto Café, which allows it to deliver frozen food products in minutes using Zepto's dedicated cold supply chain infrastructure. 'Zepto Cafe is solving cold chain challenges for frozen food and helping us reach consumers faster,' Karamchandani shared. HyFun is also leveraging an omnichannel strategy, allowing consumers to experience its products across offline retail while enabling instant online ordering. 'We want to make frozen food mainstream, not just for convenience, but for consistent quality and taste,' he added. Product innovation and farmer integration Looking forward, HyFun Foods shared that it is expanding its ready-to-cook frozen snack portfolio, which may include Mumbai Aloo Vada, Mixed Veg Momos, Mozzarella Stix, Hara Bhara Kebab, and Spicy Paneer Patty. Currently, 70 per cent of HyFun's revenue comes from exports to markets including Southeast Asia and the Gulf region. It has also begun supplying to Walmart in the US. However, the company is aiming for a 50:50 revenue split between domestic and international markets within five years. To support this growth, HyFun works with over 7,500 farmers and has expanded potato procurement beyond Gujarat to Madhya Pradesh and Uttar Pradesh. The company is also exploring contract farming of onions to diversify its input base and product range.
