Haldiram’s Partners with L Catterton for Next Phase of Growth

Global consumer-focused investment firm L Catterton has announced a strategic partnership and investment in Haldiram’s, India’s largest ethnic snacks company. 

The collaboration is aimed at strengthening Haldiram’s leadership position in the domestic market while supporting its next phase of growth and global expansion. 

While the financial details of the transaction were not disclosed, the move underscores strong investor confidence in the company’s long-term potential.

Leveraging Consumer Sector Expertise

Through this partnership, Haldiram’s will gain access to L Catterton’s deep expertise in the consumer sector, global industry network, and operational capabilities. The firm, backed by former Hindustan Unilever chairman Sanjiv Mehta, brings experience across brand-building, supply chain optimisation and international scaling. 

L Catterton said the collaboration would help Haldiram’s capitalise on its strong fundamentals, brand equity and established customer base.

Building on Recent Investments

Earlier this year, Haldiram’s attracted significant interest from global investors, with Temasek, Alpha Wave Global and International Holding Company acquiring more than a 10% stake at a valuation exceeding $10 billion. The latest partnership with L Catterton further reinforces Haldiram’s position as one of India’s most valuable consumer food companies.

Focus on International Growth

Sanjiv Mehta said the partnership would support growth in India’s rapidly evolving consumer market while accelerating Haldiram’s internationalisation plans. With rising global demand for Indian snacks and packaged foods, the company is well placed to expand its footprint across key overseas markets using L Catterton’s global reach.

Corporate Restructuring and IPO Expectations

In a significant structural development, the New Delhi and Nagpur factions of the Agarwal family, promoters of Haldiram’s, have merged through a National Company Law Tribunal-approved process. 

The merger received approval from the Competition Commission of India in April last year and is widely seen as a step toward a potential public listing. The group’s restaurant business, however, has been carved out and remains outside the merged entity.

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Conclusion

The partnership with L Catterton positions Haldiram’s to deepen its domestic dominance while accelerating global expansion. Backed by strong investor interest and a growing market, the company appears well prepared for its next phase of growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.