Japanese snack maker Kameda Seika will exit the Indian market, transferring its entire 49% stake in its Indian joint venture to partner LT Foods Limited. The company plans to shift its focus to North America but has not ruled out a future return to India.
Kameda Seika's decision to exit India and focus on North America signals a strategic shift in its international expansion, potentially impacting its global market share and competitive positioning in the snack food industry.
Japanese rice cracker maker Kameda Seika is exiting the Indian market to concentrate on its North American operations. The company announced on October 25, 2026, that it will transfer its entire 49% stake in its Indian joint venture, established in 2017, to its partner LT Foods Limited. This move is part of a broader review of overseas business developments following restructuring in North America. The agreement for the stake transfer was finalized on September 16, 2026, with the transaction expected to be completed by late October. Kameda Seika indicated that the exit is unlikely to significantly impact its financial results for the fiscal year ending March 3, 2027, and has left open the possibility of re-entering the Indian market in the future.
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