Hindustan Foods Limited (HFL), established in 1988, has emerged as a leading force in India’s Fast-Moving Consumer Goods (FMCG) manufacturing sector. Originally focused on producing nutritional food products, the company has significantly diversified its offerings, evolving into one of the nation’s premier contract manufacturers. Today, HFL boasts a comprehensive portfolio spanning personal care products, home care items, packaged food and beverages, as well as leather footwear and accessories. With a client-centric approach, HFL has forged strong partnerships with renowned FMCG giants, including Hindustan Unilever and Reckitt Benckiser, among others, becoming a trusted manufacturing partner. Operating a network of state-of-the-art facilities strategically located across India, HFL ensures seamless delivery of high-quality products tailored to meet the exacting demands of its clients. Known for its commitment to innovation and maintaining strict confidentiality around proprietary formulations, the company has become synonymous with quality and reliability. In recent years, HFL has aggressively expanded its capabilities, strengthening its position in the contract manufacturing domain while contributing to the growth of the Indian FMCG landscape.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 64.85% | 63.82% | 63.82% | 63.82% | 62.22% |
| FIIs + | 6.70% | 6.70% | 3.02% | 3.39% | 5.45% |
| DIIs + | 5.96% | 7.18% | 13.43% | 13.79% | 14.06% |
| Public + | 22.50% | 22.30% | 19.73% | 19.00% | 18.27% |
| No. of Shareholders | 86,147 | 85,364 | 84,136 | 79,846 | 76,794 |
The shareholding pattern of Hindustan Foods Limited (HFL) demonstrated notable shifts from December 2023 to December 2024, reflecting changing investor dynamics. Promoters held a significant 64.85% stake in December 2023, which gradually decreased to 62.22% by December 2024, indicating a slight reduction in promoter control. Foreign Institutional Investors (FIIs) showed fluctuations, with holdings starting at 6.70%, dropping to a low of 3.02% in June 2024, and recovering to 5.45% by year-end. In contrast, Domestic Institutional Investors (DIIs) consistently increased their stake from 5.96% to 14.06% over the same period, showcasing growing confidence in Hindustan Foods’ performance. Public shareholding declined from 22.50% to 18.27%, accompanied by a reduction in the total number of shareholders from 86,147 to 76,794, highlighting a shift towards greater institutional ownership.
Below are the trading platforms that you can use to purchase Hindustan Foods shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2025 | 593.77 | 456.75 |
| May 2025 | 576.47 | 443.44 |
| June 2025 | 602.42 | 463.40 |
| July 2025 | 590.60 | 454.31 |
| August 2025 | 608.87 | 468.36 |
| September 2025 | 616.18 | 473.98 |
| October 2025 | 632.20 | 486.31 |
| November 2025 | 648.00 | 498.46 |
| December 2025 | 677.16 | 520.89 |
In 2025, the share price of Hindustan Foods is projected to demonstrate steady growth throughout the year. Starting with April, the maximum price is expected to reach ₹593.77, while the minimum may stand at ₹456.75. By December, the stock is anticipated to peak at a maximum of ₹677.16, with a minimum of ₹520.89.
| When | Maximum Price | Minimum Price |
| January 2026 | 697.48 | 536.52 |
| February 2026 | 680.04 | 523.11 |
| March 2026 | 693.64 | 533.57 |
| April 2026 | 707.80 | 544.46 |
| May 2026 | 700.79 | 539.07 |
| June 2026 | 718.31 | 552.55 |
| July 2026 | 704.22 | 541.71 |
| August 2026 | 726.00 | 558.46 |
| September 2026 | 740.52 | 569.63 |
| October 2026 | 759.78 | 584.44 |
| November 2026 | 778.77 | 599.06 |
| December 2026 | 798.24 | 614.03 |
As we move into 2026, the share price of Hindustan Foods is projected to exhibit consistent and remarkable growth throughout the year. In January, the maximum price is expected to reach ₹697.48, while the minimum may stand at ₹536.52. By December, the stock is anticipated to achieve an impressive maximum of ₹798.24, with a minimum of ₹614.03, showcasing its steady upward trajectory.
| When | Maximum Price | Minimum Price |
| January 2027 | 806.22 | 620.17 |
| February 2027 | 826.90 | 636.07 |
| March 2027 | 859.15 | 660.88 |
| April 2027 | 842.30 | 647.92 |
| May 2027 | 817.77 | 629.05 |
| June 2027 | 854.57 | 657.36 |
| July 2027 | 837.81 | 644.47 |
| August 2027 | 863.72 | 664.40 |
| September 2027 | 893.95 | 687.66 |
| October 2027 | 917.19 | 705.53 |
| November 2027 | 940.12 | 723.17 |
| December 2027 | 963.63 | 741.25 |
| When | Maximum Price | Minimum Price |
| January 2028 | 982.90 | 756.08 |
| February 2028 | 1,008.10 | 775.46 |
| March 2028 | 1,047.42 | 805.71 |
| April 2028 | 1,026.88 | 789.91 |
| May 2028 | 996.97 | 766.90 |
| June 2028 | 1,041.84 | 801.41 |
| July 2028 | 1,021.41 | 785.70 |
| August 2028 | 1,053.00 | 810.00 |
| September 2028 | 1,089.85 | 838.35 |
| October 2028 | 1,118.19 | 860.15 |
| November 2028 | 1,146.14 | 881.65 |
| December 2028 | 1,174.80 | 903.69 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,198.29 | 921.76 |
| February 2029 | 1,229.02 | 945.40 |
| March 2029 | 1,276.95 | 982.27 |
| April 2029 | 1,251.91 | 963.01 |
| May 2029 | 1,215.45 | 934.96 |
| June 2029 | 1,270.14 | 977.03 |
| July 2029 | 1,245.24 | 957.88 |
| August 2029 | 1,283.75 | 987.50 |
| September 2029 | 1,328.68 | 1,022.06 |
| October 2029 | 1,363.23 | 1,048.64 |
| November 2029 | 1,397.31 | 1,074.85 |
| December 2029 | 1,432.24 | 1,101.72 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,460.89 | 1,123.76 |
| February 2030 | 1,498.35 | 1,152.57 |
| March 2030 | 1,556.78 | 1,197.52 |
| April 2030 | 1,526.26 | 1,174.04 |
| May 2030 | 1,481.80 | 1,139.85 |
| June 2030 | 1,548.48 | 1,191.14 |
| July 2030 | 1,518.12 | 1,167.78 |
| August 2030 | 1,565.07 | 1,203.90 |
| September 2030 | 1,619.85 | 1,246.04 |
| October 2030 | 1,661.97 | 1,278.44 |
| November 2030 | 1,703.52 | 1,310.40 |
| December 2030 | 1,746.10 | 1,343.16 |
As we finally reach 2030, the share price of Hindustan Foods is projected to demonstrate a strong upward momentum throughout the year. In January, the maximum price is expected to touch ₹1,460.89, while the minimum may stand at ₹1,123.76. By December, the stock is anticipated to soar to a remarkable maximum of ₹1,746.10, with a minimum of ₹1,343.16.
Financial Condition of Hindustan Foods
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 772 | 1,407 | 2,040 | 2,598 | 2,755 | 3,362 |
| Expenses + | 717 | 1,319 | 1,927 | 2,425 | 2,533 | 3,086 |
| Operating Profit | 55 | 88 | 113 | 173 | 222 | 276 |
| OPM % | 7% | 6% | 6% | 7% | 8% | 8% |
| Other Income + | 1 | 3 | 4 | 5 | 7 | 15 |
| Interest | 11 | 19 | 20 | 36 | 57 | 78 |
| Depreciation | 11 | 19 | 25 | 37 | 55 | 78 |
| Profit before tax | 34 | 52 | 71 | 104 | 117 | 135 |
| Tax % | 35% | 29% | 38% | 32% | 21% | |
| Net Profit + | 22 | 37 | 45 | 71 | 93 | 102 |
| EPS in Rs | 2.07 | 3.52 | 3.96 | 6.31 | 8.12 | 8.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Hindustan Foods has showcased consistent growth in its financial performance over the years, highlighting its expanding operations and profitability. From March 2020 to the trailing twelve months (TTM), the company’s sales have grown significantly from ₹772 crore to ₹3,362 crore, reflecting its strong market presence and operational capabilities. Correspondingly, expenses increased from ₹717 crore in March 2020 to ₹3,086 crore in TTM, indicating higher production and operational activities.
Hindustan Foods’ operating profit rose steadily from ₹55 crore in March 2020 to ₹276 crore in TTM, with its OPM% improving from 7% in March 2020 to 8% in both March 2024 and TTM, showcasing better operational efficiency. The company has also increased its other income from ₹1 crore in March 2020 to ₹15 crore in TTM, further enhancing its financial stability. Despite rising interest and depreciation expenses, the profit before tax has grown from ₹34 crore in March 2020 to ₹135 crore in TTM.
Net profit for Hindustan Foods increased remarkably from ₹22 crore in March 2020 to ₹102 crore in TTM, while the EPS rose from ₹2.07 in March 2020 to ₹8.88 in TTM, indicating higher returns for shareholders. The company has maintained a dividend payout of 0% over the years, emphasizing reinvestment into its growth initiatives.
FAQs
What is Hindustan Foods current market capitalization?
Hindustan Foods current market capitalization is ₹6,126 Crores.
The projected share price target for Hindustan Foods in 2025 ranges from ₹443.44 to ₹677.16.
Hindustan Foods forecasted share price target for 2030 ranges from ₹1,123.76 to ₹1,746.10.
Also Read
- Cartrade Tech Share Price Target 2025, 2026 to 2030
- Texmaco Rail & Engineering Share Price Target 2025, 2026, 2027 to 2030
- Astrazeneca Pharma India Share Price Target 2025, 2026, 2027 to 2030
Conclusion
Hindustan Foods Limited (HFL) has established itself as a key player in the Indian FMCG contract manufacturing sector, showcasing robust financial growth, diversification, and strategic partnerships. The company has demonstrated consistent performance, with its revenue growing from ₹772 crore in March 2020 to ₹3,362 crore in TTM, and net profit improving from ₹22 crore to ₹102 crore during the same period.
HFL’s shareholding patterns from December 2023 to December 2024 reflect a gradual shift towards increased institutional ownership, with DIIs raising their stake while promoters and public shareholding decreased. Projected share prices for 2025 to 2030 suggest a steady upward trajectory, with maximum prices potentially reaching ₹1,746.10 by December 2030. This indicates strong investor confidence and a promising future outlook for the company.
What did we learn?
