MoU23 Jul 2025, 07:31 pm
NHC Foods Signs MoU with Lotmor Brands, Appoints New KMPs, Reports Strong FY 2024-25 Growth
AI Summary
NHC Foods Limited, a leading exporter of agricultural commodities and spices, has entered into a strategic Memorandum of Understanding (MoU) with Lotmor Brands to manufacture beverages and similar products under Lotmor’s ‘Nature Day’ brand. The company also appointed new Key Management Personnel (KMPs) and reported strong financial performance for FY 2024-25. NHC Foods' revenue rose 63.1% to Rs. 341.41 crore and net profit increased 184.7% to Rs. 6.69 crore, reflecting operational efficiency and business momentum.
Key Highlights
- NHC Foods signs MoU with Lotmor Brands to manufacture beverages under 'Nature Day' brand
- Newly appointed Managing Director, Satyam Joshi, to lead company's retail growth strategy
- NHC Foods reports 63.1% increase in revenue and 184.7% jump in net profit for FY 2024-25
- Company appoints Manoj Kumar Sharma as CFO and Vijay Thakkar as Company Secretary and Compliance Officer