Emami 2021-10-08

Emami Agrotech Eyeing Rs 25,000 Crore Turnover in Next Three Years

Emami Agrotech plans to diversify its business from edible oils to broader suite of food products. The company is also planning to invest Rs 1,000- 1,500 crore during the same time frame to facilitate this growth.

By Content Writer
Emami Agrotech Eyeing Rs 25,000 Crore Turnover in Next Three Years

The edible oil and bio-diesel arm of Emami Group, Emami Agrotech Ltd has announced that it is targeting Rs 25,000 crore turnover in the next three years. The company is also planning to invest Rs 1,000- 1,500 crore during the same time frame to facilitate this growth.

Emami Agrotech plans to diversify its business from edible oils to broader suite of food products. It wants to be a complete food player by launching these new product categories in high-margin segments. The company is hoping to achieve Rs 20,000 crore turnover in 2021-22.

Emami Agrotech director Aditya Agarwal indicated that the company would look for entering new categories of food but not yet zeroed on anything. It is also planning to go national with spices on January 22. Currently, the spice brand is marketed mainly in eastern region.

According to him, the revenue of Emami Agrotech has gone up from Rs 10,000 crore in 2019-20 to Rs 12,000 crore in 2020-21 and has a quantum lip largely because of high edible oil prices as crude prices shoot up while also maintaining that the margins of the company have rather gone down following high crude edible oil prices.

The company has entered into the spices and soya chunks segment just before the pandemic though it now constitutes 2% of its turnover.

“Our spices plant in Jaipur will be operational by next month and by January or February we will take the spices brand national. We expect these two categories to generate a topline of Rs 200-250 crore in the next three years," said Manish Goenka, Director, Emami Group.

Emami Agrotech is also investing Rs 1000-1,500 crore in brand building and capex in next three years to achieve its target of Rs 25,000 crore turnover. The branded package sale contributes 60% of the revenue of the company.

Emami Agrotech currently has three refineries in Haldia, Jaipur and Krishnapatnam and is setting up a new unit at Kandla port along with a small unit in Mangalore.

 

इस ख़बर को पढ़ने के लिए यहां पर क्लिक करें

Click Here To Read The Original Version Of This News In English

Comment
image
image
mobile
address
star franchise india
Related opportunities
  •   Pacific Placements and Business Consultancy (OPC) Pvt. Ltd. is counted..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Karveer Maharashtra
  • Movies (Multiplex)
    a.        India’s fastest growing theater chain, providing ..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    Feedx is all about promoting self-employment and entrepreneurship. We try..
    Locations looking for expansion Madhya pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • Ice Creams & Yogurt Parlors
    About Us: Dessertino is a venture of Santushti Shakes Private Limited..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads