Lotus Bakeries rides Biscoff to ~590% decade stock gain, enters India via Mondelez tie-up
Belgian Biscoff maker Lotus Bakeries' stock surged nearly 590% over 10 years, up 47% YTD. A 2024 partnership with Mondelez lets it manufacture, market and distribute Biscoff in India, tapping Mondelez's domestic network in one of the world's largest biscuit markets. Shares trade at ~46x expected earnings.
Belgian Biscoff maker Lotus Bakeries' stock surged ~590% in a decade. In 2024 it partnered with Mondelez to manufacture, market and distribute Biscoff biscuits in India, accessing Mondelez's domestic network in one of the world's largest biscuit markets.