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Orkla India (MTR Foods and Eastern Condiments) | South Indian spices and instant foods

2026.09.19

Article summary

Orkla India is a food company that brings together MTR, a South Indian brand, and Eastern from Kerala, with Norway's Orkla ASA as its parent. Revenue for FY2026 (fiscal year ending March 2026) was ₹2,509.14 crore (1 crore = 10 million rupees), up 4.8% year on year, with net profit of ₹285.67 crore. It listed in India on November 6, 2025 through an offer for sale of ₹1,667.54 crore. It handles spices, instant mixes, and retort foods.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Orkla India is a food company that brings together MTR, a South Indian brand, and Eastern from Kerala. It consolidated the Indian businesses that Norway's Orkla had held for many years and listed in India in November 2025.

Company profile

Item	Details
Legal name	Orkla India Limited
Headquarters	Bengaluru (Karnataka)
Main brands	MTR (spices, instant mixes, RTE), Eastern (spices), Rasoi Magic
Revenue	₹2,509.14 crore (FY2026 = fiscal year ending March 2026; up 4.8% year on year), net profit ₹285.67 crore. FY2025 was ₹2,394 crore with net profit of ₹255 crore
Listing	Listed on the BSE and NSE in November 2025 (an offer for sale of ₹1,667 crore)
Parent company	Orkla ASA (Norway)
Official website	mtrfoods.com

Business and strengths

MTR is a brand that began as an eatery in Bengaluru, and it handles mixes for idli and dosa, retort curries, and spice mixes. Eastern is based in Kerala, and its mainstay is blended spices for South India.

By holding two strong brands in the single region of South India, it is set up to cover separate customer bases while sharing sourcing and plants.

Recent developments

It listed on November 6, 2025. The offering was not an issue of new shares but an offer for sale of ₹1,667.54 crore by parent company Orkla ASA and others. Revenue for FY2026 (fiscal year ending March 2026) was ₹2,509.14 crore, up 4.8% year on year, with net profit of ₹285.67 crore.

Points for Japanese companies

If you are looking for OEM production of retort curries or mixes, it is a strong candidate as a plant that can make South Indian flavors. How far it can accommodate adjustments to heat level for Japan and restrictions on ingredients has to be checked by actually putting specifications to it.