Leo Dryfruits & Spices Trading Ltd., known for selling premium spices and dry fruits, is now entering the snack market. The company has bought key assets of Mumbai-based Munchin Foods, including its popular namkeen brand Munchin Lite-bits, for ₹1.5 crore.
This deal includes not only the machines and equipment used in production, but also essential items such as the brand name, customer lists, supplier details, and licenses. Munchin Foods, which started in 2018, was producing and selling snacks primarily in western India and had a notable presence in the affordable snack segment.
Munchin Foods had sales of ₹3.71 crore in 2022-23, ₹2.45 crore in 2023-24, and ₹1.70 crore (provisional) in 2024-25.
Leo Dryfruits plans to use this acquisition to offer more ready-to-eat snack options. The company feels that its expertise in high-quality dry fruits and spices will perfectly complement the snack products of Munchin.
Company Chairman Kaushik Shah said,
“This is a big step for us. With the Munchin Lite-bits brand under our wing, we’ll be able to serve tasty and value-for-money snacks, especially using our own spices and dry fruits. It’s a natural extension of what we already do, and we’re excited to grow further in the food industry.”
This move marks Leo Dryfruits’ official entry into the fast-moving consumer goods (FMCG) sector, with a focus on offering flavourful Indian snack options to a wider market.