Bikaji Foods International Limited (BFIL), through its wholly-owned subsidiary Bikaji Foods Retail Limited (BFRL), has completed the first tranche of its strategic investment in Hazelnut Factory Food Products Private Limited (THF). This investment, announced on October 16, 2024, aims to bolster Bikaji’s presence in the Quick Service Restaurant (QSR) sector under a comprehensive House of Brand strategy.
In this first tranche, BFRL has acquired 40.40% of THF’s total issued and paid-up equity share capital, solidifying THF’s status as an Associate Company of BFRL as of October 26, 2024. The total investment in THF will not exceed ₹131.01 crore, with plans for BFRL to ultimately acquire 53.02% of the company’s equity in phases.
THF, headquartered in Lucknow, Uttar Pradesh, is recognized as one of the fastest-growing brands in the Indian Food and Beverage (F&B) industry. Specializing in bakery and patisserie items, artisan sweets, desserts, breads, savories, and snacks, THF serves customers through its cafés across Uttar Pradesh and Delhi, as well as via online platforms and food aggregators. This acquisition aligns with BFRL’s core business and enhances its QSR portfolio, contributing to Bikaji’s long-term growth strategy in the competitive F&B space.
The partnership aims to leverage THF’s expertise and distribution channels to expand Bikaji’s footprint in the QSR segment, providing greater diversity in offerings and a stronger presence in high-growth markets.