Bikaji says ‘not for sale’ amid investor interest in Indian snacks market

New Delhi, August 29, 2024.

Indian snacks maker Bikaji Foods is “not for sale” and is instead on the prowl itself, aiming to cash in on the growing appetite for savoury brands in the world’s most populous country, a top executive told Reuters.

The Indian savoury snacks sector has ballooned in recent years as consumers splurge on packaged foods.

“Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale,” Chief Operating Officer Manoj Verma said earlier this month, without disclosing whether the company has received buyout offers.