Support and Resistance Levels
Past performance
About Hindustan Foods Ltd Hindustan Foods Limited (HFL), established on December 31, 1984, is a prominent contract manufacturer of FMCG products, including home care, personal care, food, and beverages. Initially launching the Bonny Mix brand in 1988, the company faced setbacks due to the withdrawal of Glaxo's support, leading to operational halts in the early '90s. However, HFL rebounded by producing Farex weaning foods for Heinz India and later diversified its product range through strategic partnerships and acquisitions.
Significant milestones include the production of Kurkure for Pepsico, collaborations with Nutricia, Mankind Pharma, and The Himalaya Drug Company, and launching the 'Cnergy' brand. HFL expanded its footprint by acquiring Reckitt Benckiser’s plant, G Shoe Export, and merging various manufacturing units, including malted beverages production for Hindustan Unilever. Recent developments feature launching a leather brand, setting up an ice cream plant, and acquiring Aero Care Personal Products LLP, strengthening its position in the FMCG sector.