Chatha Foods touches roof on launching vegetarian range for North India's QSR market
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Chatha Foods is currently trading at upper limit of Rs. 88.11, up by 4.19 points or 4.99 % from its previous closing of Rs. 83.92 on the BSE.
The scrip opened at Rs. 86.95 and has touched a high and low of Rs. 88.11 and Rs. 85.90 respectively. So far 124000 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.11 on 08-Apr-2024 and a 52 week low of Rs. 65.73 on 02-Apr-2024.
Last one week high and low of the scrip stood at Rs. 88.11 and Rs. 65.73 respectively. The current market cap of the company is Rs. 198.22 crore.
The promoters holding in the company stood at 59.80 % while Institutions and Non-Institutions held 19.93 % and 20.28 % respectively.
Chatha Foods has launched enticing vegetarian range, aimed at catering to the discerning palates of North India's Quick Service Restaurant (QSR) market. With an array of freshly prepared delicacies, the company is set to revolutionize the vegetarian dining and snacking experience across the region. The newly introduced vegetarian range boasts a diverse assortment of flavours, featuring mouthwatering options such as the Chilli Herb Patty, Veggie Patty, Veggie Nuggets, Falafel Patty, Falafel Poppers, Spring Rolls, Go Green Nuggets, Punjabi Chole Tikki Patty, Potato Chilli Peppers, Veggie Cheese Patty, and Paneer and Veggie Patty. Each item is meticulously crafted to deliver an unparalleled taste sensation, promising an unforgettable taste apreciation for patrons.
In a strategic move to penetrate the market effectively, the company is embarking on a concerted effort to enlist new distributors in key regions within North India. In the inaugural phase, the company is focusing on Punjab, Himachal, Delhi NCR, Haryana, UP, and Rajasthan. This proactive approach aims to ensure widespread availability of the vegetarian range across various QSR establishments, catering to the diverse preferences of consumers.
To facilitate this expansion initiative, the company plans to engage over 40 additional distributors throughout the region. These distributors will play a pivotal role in promoting and distributing the newly introduced vegetarian range to small and medium-sized QSR establishments.
Chatha Foods is engaged in the business of food processing in India. It is engaged in frozen and ready to eat meat and vegan foods manufacturer and retails an array of ready to eat and frozen meat and vegan products under the brand ‘Swiss Naturen’ and ‘The Field Grill’.
