Penny Stock Under Rs 80: Company Acquires Assets of Munchin Foods to Expand Presence in Savoury Snack Segment
The company has a market cap of over Rs 130 crore and the stock is up by 45.3 per cent from its 52-week low of Rs 52 per share.
Leo Dryfruits & Spices Trading Limited announced that it acquired specific tangible and intangible assets of Munchin Foods, a Mumbai-based partnership firm, for a total consideration of Rs 1.50 Crore. The acquisition, executed through an Asset Purchase Agreement on June 28, 2025, included tangible assets such as plant and machinery, equipment, computers, fixtures and factory deposits. Intangible assets acquired comprise trade names, customer and supplier lists, existing customer contracts, regulatory permits and licenses, goodwill and the exclusive rights to use the brand name "Munchin Lite-bits" and its derivatives.
M/s Munchin Foods, established in 2018, specialises in the manufacture and sale of namkeen, snacks and other food products under the "Munchin Lite-bits" brand, primarily operating in Western India. The firm recorded revenues of Rs 33.71 Crore in FY23, Rs 32.45 Crore in FY24 and a provisional Rs 17.0 Crore in FY25, establishing a growing presence in the value-for-money savoury snack market.
This strategic acquisition aligns with Leo Dryfruits & Spices Trading Limited's goal to diversify its product portfolio and expand into packaged food and savoury snack categories. The integration of Munchin Foods' assets and brand is expected to create synergies, leveraging Leo's expertise in spices and dry fruits to offer value-added savoury snack products. This move represents a significant step in Leo's growth roadmap, strengthening its position in the Indian food sector and enhancing its ability to cater to evolving consumer preferences in the packaged savoury segment.
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About the Company
Leo Dryfruits & Spices Trading Limited is a prominent company specialising in the sourcing, manufacturing, processing, trading and marketing of premium spices, dry fruits and grocery products, primarily for Indian households. Operating under its flagship brand 'Vandu', the company offers a diverse range of whole and blended spices and is committed to providing unadulterated, high-grade products. Beyond spices, Leo provides various dry fruits and grocery essentials and has expanded into the frozen and semi-fried snacks market with its 'FRYD Foods' brand. The company maintains high standards, holding ISO 22000:2018 for food safety and ISO 9001:2015 for quality management.
On Wednesday, shares of Leo Dryfruits & Spices Trading Limited surged 4.65 per cent to Rs 75.55 per share from its previous closing of Rs 72.20 per share. The company has a market cap of over Rs 130 crore and the stock is up by 45.3 per cent from its 52-week low of Rs 52 per share.
Disclaimer: The article is for informational purposes only and not investment advice.