HyFun Foods Eyes ₹1,500 Crore Revenue, Targets IPO by 2028

HyFun Foods, which manufactures frozen potato products such as French fries, expects around Rs 1,500 crore revenue this fiscal, and also has plans to come up with initial public offerings by 2028. The company expects a “good uptake” in consumption of frozen food in the domestic market, helped by the reduction of GST on processed foods, contributing almost half of the revenue in the coming years, compared to 30 per cent at present, according to its MD and Group CEO Haresh Karamchandani and Executive Director Kamlesh Karamchandani.