Hindustan Foods Limited
Current Price
₹522.3
As of 20 May 2026
Market Cap
₹6.15K Cr
As of 20 May 2026
India's Largest FMCG Contract Manufacturer, M&A-Heavy Vanity Case Group Play
Report updated: 2026-05-16
Hindustan Foods Limited
India's largest FMCG contract manufacturer — Vanity Case Group company under MD Sameer Kothari, manufacturing for FMCG, personal care, footwear and healthcare brands across six subsidiaries (including the acquired Reckitt Scholl India business). Operating leverage now visible with 9M FY26 PAT up 31% on 15% revenue growth, alongside four M&A deals in twelve months.
Rs.491
Share price (16 May 2026)
Rs.5,650 Cr
Market cap (Small Cap)
Rs.3,031 Cr
9M FY26 revenue (+15% YoY)
FY25 Rs.3,564 Cr
Rs.103 Cr
9M FY26 PAT (+31% YoY)
FY25 Rs.110 Cr
6 entities
Subsidiaries / Associates
Includes Asar Green Kabadi 25.07% recyclables associate
Rs.644 Cr
Trade payables (Sep 2025)
Up 23% vs FY25-end; supplier-finance dynamics
Stock Funda Summary
- Vanity Case Group company (NSE HNDFDS / BSE 519126), India's largest contract manufacturer across FMCG, personal care, footwear, healthcare.
- Six subsidiaries: HFL Consumer Products, Aero Care Personal Products LLP, HFL Healthcare & Wellness (acquired Reckitt Benckiser's Scholl India), HFL Multiproducts, KNS Shoetech, Asar Green Kabadi (associate, recyclables).
- FY25 revenue Rs.3,564 Cr / PAT Rs.110 Cr; 9M FY26 revenue Rs.3,031 Cr (+15% YoY), PAT Rs.103 Cr (+31% YoY) — operating leverage visible.
- Aggressive M&A cadence: 4 deals in 12 months (Asar Green Aug-25 Rs.5 Cr, Ashish Industries + M/s Vijay BTAs Dec-25 Rs.27 Cr combined, plus composite scheme awaiting NCLT).
- MD Sameer R.
- Kothari.
- Watch items: NCLT approval for the composite scheme (Avalon Cosmetics Nashik demerger + Vanity Case India amalgamation), trade-payables ballooning (Rs.644 Cr cons Sep-25, supplier-finance dynamics), and integration of multiple acquisitions.
- Live event timeline tracks every BSE filing, BTA closure, NCLT order, and quarterly result.