Orkla India looks to acquisitions to broaden portfolio: Report

Orkla India, which owns the MTR and Eastern Spice brands, is exploring potential acquisitions as it looks to expand its portfolio. According to a Reuters report, the company is banking on quick-delivery platforms and rising demand for ready-to-eat meals to return to double-digit revenue growth.

The report said Orkla India continues to scout for mergers and acquisitions and has sufficient cash on hand, while remaining open to raising additional funds to finance deals, a senior executive told Reuters. The Indian arm of Norway-based consumer goods group Orkla is targeting a return to double-digit revenue growth in the current financial year and expects steady expansion in its convenience foods segment.

Last year, convenience foods accounted for 33.4 per cent of the group’s revenue, up from 31.5 per cent in the previous year. The Reuters report also noted that dealmaking in the consumer goods and retail sector hit a four-year high between January and September, led by the food and beverages segment.

Separately, Icra highlighted that consumption trends were mixed in the second quarter of the current financial year (Q2FY26), but said the festive season and recent goods and services tax (GST) rate cuts are likely to support demand in Q3FY26.

In another report, Icra added that while India’s Private Final Consumption Expenditure (PFCE) growth improved to 7.9 per cent in Q2FY26 from 7 per cent in Q1FY26, nominal growth remained muted at 9.3 per cent—well below the consistent double-digit growth recorded through FY2025.