Wardwizard Foods and Beverages Ltd expands International Footprint with New Exports to Tanzania

Wardwizard Foods and Beverages Limited, a BSE-listed leading food manufacturer renowned for its authentic Indian ready-to-eat (RTE) meals, frozen foods, and innovative culinary solutions, today announced a significant milestone in its international expansion journey. The company is making its strategic entry into Africa with the appointment of a new distributor in Tanzania, marking its first footprint in the East African market.

The partnership in Tanzania will bring the company's flagship brand QuikShef to a rapidly growing consumer base that has a strong appetite for authentic Indian flavours and convenient RTE solutions. With this move, Wardwizard Foods is further diversifying its global presence, which already includes successful exports to Canada, USA, UAE, Bahrain, and Germany.

This expansion to Tanzania aligns with Wardwizard's mission to bring authentic Indian flavors to new markets. The company's diverse portfolio encompasses a wide range of products, including ready-to-eat meals, frozen foods, beverages, sauces, spices, and condiments, with plans to expand into the pulses and cereals segments.

Speaking on the development, Mrs. Sheetal Bhalerao, Chairperson and Managing Director, Wardwizard Foods and Beverages Limited., said, "Our global expansion continues as we officially enter the East African market with our new partnership in Tanzania. Through our new distributor, Macropact Exim Tanzania Limited, we will introduce our ready-to-eat and frozen ranges to meet the growing demand in this region. We see Tanzania as our gateway to the East African market and look forward to exploring future growth opportunities in the region. We're also actively exploring new international markets and will customize products to meet regional preferences. We are confident that this partnership is a significant step forward in our mission to deliver the true essence of Indian cuisine to international consumers."

With the expansion into Tanzania, Wardwizard Foods and Beverages Limited is poised to bring authentic Indian flavors to new global markets. This strategic move strengthens the company's international presence and sets the stage for further growth in the East African region. To reach a global audience, the company is preparing to showcase its products at the upcoming Gulfood Expo, the world's largest food expo, which attracts participants from over 190 countries.

Shares of Wardwizard Foods and Beverages Ltd was last trading in BSE at Rs. 9.92 as compared to the previous close of Rs. 9.45. The total number of shares traded during the day was 1044487 in over 898 trades.

The stock hit an intraday high of Rs. 9.92 and intraday low of 9.81. The net turnover during the day was Rs. 10359693.00.

Source : Equity Bulls

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WardwizardFoodsandBeverages INE761D01021 Expansion NewExports Tanzania