Adani Wilmar announced on Tuesday that it has signed a definitive agreement to acquire GD Foods Manufacturing (India) Private Ltd. According to the official statement, the acquisition will take place in multiple tranches, with 80 percent of shares acquired initially, and the remaining stake to be completed over the next three years.
In FY24, GD Foods reported revenue of ₹386 crore, marking a three-year compound annual growth rate (CAGR) of 15 percent, and an EBITDA of ₹32 crore, highlighting the company’s steady growth trajectory.
The acquisition is expected to strengthen Adani Wilmar’s presence in the packaged foods segment and enhance its market footprint in Delhi and surrounding regions.