The Indian government is actively addressing malnutrition and protein deficiency through initiatives like the Poshan Abhiyaan and the National Nutrition Mission, aiming to improve nutritional standards and promote healthy eating habits. The government is focusing on increasing access to protein-rich foods, particularly in rural and underserved areas.
This presents significant growth opportunities for FMCG companies such as Hatsun Agro, Nestlé, SKM Eggs, and other food brands specializing in protein-rich products. Companies offering fortified foods, dairy, eggs, and ready-to-eat meals are expected to benefit from rising awareness of nutrition and the government’s push for healthier diets.
The future scope for these companies is promising, with growing demand for nutritious, affordable products. As consumer preferences shift toward health-conscious choices, FMCG companies will likely see sustained growth, especially those aligning with national health initiatives and increasing distribution across rural markets.
Share Price
The shares of SKM Eggs are currently trading at Rs. 280 up by 7.23% from its previous close of Rs. 261.5 as of December 10, 2024. The stock has also given a significant return of close to 28% in a matter of 3 weeks time by rising from Rs. 218 to Rs. 280.
Recent Update
SKM Egg Products Export (India) Limited has been selected as the L2 tenderer for the supply of eggs under the Department of Integrated Child Development Services (ICDS) Tamil Nadu State Level Regional Tender for Region 4.
The tender is part of the PTMGR Nutritious Meal Programme aimed at providing eggs to NMP and ICDS beneficiaries over a one-year period. The supply will support the nutrition of children and mothers across the region.
The total quantity of eggs to be supplied annually for Region 4 is 28,62,49,572 eggs. This order strengthens SKM’s position in the market and aligns with the government’s efforts to combat malnutrition by ensuring a steady supply of nutritious food.
About the Company
SKM Egg Products Export (India) Ltd, incorporated in 1996, is an export-oriented company engaged in the production and sale of eggs and egg-based products. The company is also a HALAL-certified manufacturer, known for its high-quality standards.
SKM specializes in producing a variety of egg-based mixes for bakery, confectionery, noodles, pasta, meat products, mayonnaise, salad dressing, and health & pharmaceuticals.
It is the only FMCG company listed on the Indian Stock Exchange that focuses on egg-based products. SKM’s global reach and diversified product portfolio cater primarily to the international market, reinforcing its leadership in the egg products sector, as reported by industry sources.
Conclusion
The government tender represents a strategic milestone for SKM Eggs, validating its market position and commitment to nutritional goals. By supplying eggs to critical government programmes, the company demonstrates its ability to contribute to national health objectives while expanding its market presence. This contract not only boosts the company’s revenue potential but also reinforces the critical role of private sector participation in addressing nutritional challenges.
Written By: Dipangshu Kundu
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