Finshots Daily The Orkla India (MTR Foods) IPO
Oct 30, 2025
Dive into the intriguing world of Orkla India's IPO, where the parent company of MTR Foods is making waves by cashing out after 18 years. Discover MTR's transformation from a Bengaluru restaurant to a leading player in the packaged spice market, and learn about its regional influence. The podcast also touches on market growth projections and the rising popularity of packaged spices, alongside the operational challenges Orkla faces. With a focus on financial performance and potential risks, this discussion offers valuable insights for investors.
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From Restaurant To Packaged Foods
- MTR began as a Bengaluru restaurant in 1924 called Maravalli Tiffin Rooms that later sold packaged mixes.
- The restaurant's success turned into MTR Foods, giving Orkla insight into authentic Indian cooking.
Regional Strengths Power Growth
- Orkla India focused on regional spice strengths and scaled globally while keeping local flavours.
- Its addressable spice and convenience market is ~₹42,400 crore, growing ~11% annually to 2029.
Not Just A Spice Company Anymore
- Orkla India became a six-category FMCG player beyond spices, expanding into meals, sweets, pickles and snacks.
- That diversification widens shelf presence compared with rivals covering fewer categories.