For long had been tracking Chordia Foods given the strong demand for its Pravin Achar across and always sold out at many offline stores.
Over the years, the group had little focus on scaling revenues within the listed company and there still are multiple group companies/firms in the food and spices domain. The demerger of the food division into Aveer Foods i.e. practically 97% of the business away from asset heavy food infra might be a beginning of management looking to consolidate its food businesses across its group business. Spices, Pickles, Ketchup is a great B2B HORECA and B2C business and more so when it tastes like Pravin Achar.
The business could potentially do 100 crore in revenues, due to the runup post demerger the current market cap is 100 crore. This is an interesting company to track and how the group plans the future consolidation.