Ananda Dairy Eyes 30% Rise in Turnover During FY'19
INDIA - Ananda Dairy is eyeing over 30 per cent increase in turnover to Rs 2,000 crore in the next financial year as it expands retail footprint as well as product portfolio.
19 February 2018
1 minute read
MoneyControl.com reports that the company is looking at opening 500 retail company-owned and company-operated outlets by end of next fiscal in states like Delhi-NCR, Haryana, Uttar Pradesh and Punjab.
"We are targeting over 30 per cent growth in turnover to Rs 2,000 in financial year 2018-19. We expect retail outlets to contribute 15 per cent to sales by then as we increase the number of outlets. It is 10 per cent at present," Ananda Group Chairman R S Dixit told PTI.
The company is expected to report a turnover of Rs 1,500 crore (approx. US$2323) in the current fiscal, ending 31 March. Currently, it operates over 200 outlets in the NCR. It sells over 50 products at present and has presence in most of the diary products, except ice creams.
When asked if the company is looking entering into ice creams category in the near future, he said: "It is not a priority right now. It will require huge investment."
TheCattleSite News Desk
