In the last three months, the Baba Ramdev-backed FMCG firm has leased 1.2 million sq ft of modern warehousing space across 20 top cities and will ramp this up to over 2 million sq ft by end of fiscal, said Acharya Balkrishna, who is Ramdev’s partner in the venture and also managing director of the firm.
“We reached turnover of around Rs 5,000 crore at March-end and should reach Rs 10,000 crore by fiscal-end,” Balkrishna said. “We have reached a certain size. Now, without strong planning, we will not be able to grow further.”
With the countdown for GST on, the company is doing its supply chain planning to gear up for the new tax.
Patanjali is also looking to set up a plant on the Yamuna Expressway near Noida, for which it is in talks with the Yamuna Expressway Industrial Development Authority to buy land.
The home-grown firm has surprised everyone with its pace of growth. From a turnover of around Rs 450 crore in 2011-12 to Rs 2,000 crore in 2014-15 and more than doubling to Rs 5,000 crore at end of March 2016, it has been giving sleepless nights to executives at the formidable Hindustan Unilever, ITC, Britannia, Dabur, Nestle and P&G, among others.
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