Orkla India resumes double-digit growth, eyes regional brand acquisitions

Orkla India is a big food company in India that makes popular products like MTR, Eastern and Rasoi Magic foods.

For a long time, the prices of spices were falling, which made it hard for the company to grow.

But in the first quarter of this financial year, the company started growing again.

The money it earned from selling products went up by about 11.5 percent.

At the same time, the price of spices like chilli and coriander went up by almost 33 percent.

Even with higher prices, people kept buying the company's foods.

The company says the government helped by cutting income taxes and interest rates, so people had more money to spend.

People in villages and cities are both buying more food, and the company is hopeful about the upcoming festive season.

Orkla India plans to launch more new products, like protein-rich breakfasts and special regional masalas.

It also wants to buy or partner with strong local food brands in different states of India.