Published: Sat, May 06, 2017
Finance | By Kristine Clayton

Patanjali looks at doubling production in a year

Patanjali looks at doubling production in a year

Patanjali clocked a turnover of Rs 10,561 crore in the fiscal year ended March 31, 2017, said Ramdev, fondly addressed as Bajabi by the audience. The company is also strengthening its distribution network to reach more consumers across the country. "When there is shortage of liquidity in the system people tend to spend money on necessary items and people have liked Patanjali as our sales have increased and people think that our products useful".

Besides, the Haridwar-based company has also planned to expand its footprint across the country, and has set its eyes on a slice of the restaurant sector that has been dominated by numerous multi-national chains.

He called it to be a conspiracy to misguide and confuse crores of Muslims of the country who want to use affordable and pure Patanjali products.

It was a rather unusual press conference; there were a plethora of Patanjali products on display in a hall that was nearly overflowing with people, some from the media, many from his ayurveda company and others who had just stopped by to see what was going on at the campus at Rafi Marg as his picture was on display at the entrance.

"Our Noida facility would have a production capacity of Rs20,000 crore, Nagpur 15,000 crore to Rs 20,000 crore and Indore Rs5,000 crore, " Ramdev pointed out. "Global CEOs are sleeping peacefully saying Patanjali's share market is small". Honey is around Rs350 crore and would grow to Rs500-600 crore this year, " Ramdev said.

Patanjali has said it plans to develop a Rs 1,000-crore food park at the Multi-model International Cargo Hub and Airport, Nagpur (MIHAN), packaging juices made from the city's famous oranges, among other things. Patanjali's Desi Ghee generated the revenue of Rs 1,467 crore whereas Dantkanti, its herbal toothpaste brand generated Rs 940 crore.

In 2016-17, Patanjali Ayurved contributed Rs 9,634 crore to its turnover while Divya Pharmacy that manufactures ayurvedic medicine had clocked Rs 870 crore sales. "Our kacchi ghani mustard oil is around Rs522 crore and would grow up to Rs1,000 crore", he added.

Harminder Sahni, founder of Wazir Advisors, said: "Serving a packaged product is one business and running a restaurant is a very different ball game as same quality has to be provided each time by trained staff".

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