RP-Sanjiv Goenka Group has invested more than Rs 500 crore to build its nascent packaged snacks business. The group is planning to invest more to make the FMCG business over Rs 10,000 crore in the next five years.
Sanjiv Goenka, Chairman of the group, said, "FMCG business sales is already Rs 600 crore on an annualised basis, will cross Rs 800 crore by March next year and Rs 1,000 crore by June 2019."
"We will have a presence in multiple FMCG categories and pursuing both organic and acquisition opportunities. We have a direct retail presence in 4.5 lakh outlets and adding 30,000 new outlets every month," Goenka added.