Parle targets up to Rs 150 crore turnover from Nurtricrunch in 2 years
Parle targets up to Rs 150 crore turnover from Nurtricrunch in 2 years

Parle Products Pvt Ltd is aiming Rs 100-150 cr turnover from 'Nutricrunch', its newly launched brand for health-conscious customers, in the next 18-24 months. 

The biscuits maker has re-entered healthy biscuits space with Nutricrunch range.

Mayank Shah, Parle Products Category Head, said, "We are looking at a Rs 100-150 crore turnover from Nutricrunch range in 1.5-2 years. Health-based biscuits category is growing at a fast pace. We have re-entered the category with focus and are offering products targeted at specific customer requirements." 

Nutricrunch is available across India but mostly in urban cities. With this new brand, the company is planning to provide consumers a healthy snack that is not just high in fibre but also aids multiple lifestyle issues prevalent in today's fast-paced world such as weight management, sugar control, cholesterol management and nutrient deficiency. 

"We are focused on targeting consumers who consciously opt for healthy offerings and not those who buy a brand due to discounts," Shah added. 

The products that are included in the Nutricrunch range are digestive biscuits, honey and oats cookies, digestive Marie and lite cracker. 

 
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Amul eyes to garner business turnover of Rs 50,000 crore by 2021
Amul eyes to garner business turnover of Rs 50,000 crore by 2021
 

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells milk and milk products under the Amul brand, is eyeing to garner a business turnover of Rs 50,000 crore by 2020-21.

Amul is aiming to establish itself as the largest dairy organisation in the world. Currently, it is the ninth-largest dairy organisation globally.

The GCMMF has posted a sales turnover of Rs 33,150 crore for the financial year 2018-19, which is 13% higher than the previous financial year.

Ramsinh Parmar, Chairman of GCMMF, said, “In the past nine years, milk procurement by GCMMF member milk cooperatives witnessed an increase of 153 per cent. This enormous growth was a result of the high milk procurement price paid to our farmer-members which has increased by 105 per cent in this period.”

“The time was ripe for the second white revolution given that the demand for milk in India is seen going up to 65 crore litres per day in 2050-51 from the current level of 48 crore litres per day, given urbanisation and population growth estimates. This means that India's milk production needs to grow at around 3.2 per cent CAGR (compound annual growth rate) for the next 40 years. This can be possible only when dairy farmers are given stable and remunerative prices through proper market linkage,” he added.

 

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Amul aims revenue to increase by 20% in 2019-20
Amul aims revenue to increase by 20% in 2019-20
 

Gujarat Cooperative Milk Marketing Federation (GCMMF), marketing dairy products under the Amul brand, is eyeing 20% increase in its revenue to Rs 40,000 crore this fiscal, helped by growth in volume and value terms.

The dairy firm reported a 13% rise in its turnover at Rs 33,150 crore during 2018-19 as compared to Rs 29,225 crore in the previous fiscal.

RS Sodhi, Managing Director, Amul, said, “In the last financial year, our revenue growth was because of higher volume and there was no price increase across our product portfolio. But, in this year, we are expecting growth in both volume and value terms. We are expecting 20 percent growth in turnover during 2019-20.”

“The milk procurement prices have gone up in the last few months in states like Maharashtra. We were paying our farmers higher prices when milk procurement prices declined in many states. So there will be no impact on us,” he added.

GCMMF had recently announced that the provisional unduplicated group revenue of Amul Federation and its 18 member unions crossed Rs 45,000 crore in 2018-19, up 13% from the previous year.

 

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Greendot Health Foods eyes setting up new plant
Greendot Health Foods eyes setting up new plant
 

Greendot Health Foods, owning the popular nachos brand Cornitos, is planning to build a new manufacturing facility in the financial year 2019-20 as it expects significant pick-up for its products. Apart from this, the company is eyeing to touch the Rs 100-crore turnover mark by the end of the year on the back of product and distribution network expansion.

Vikram Agarwal, Managing Director, Greendot Health Foods, said, “Right now, we are evaluating options for the location of the new plant. Once the elections are over, we will check on the incentives the Central government and state governments would be giving and then make a final decision on where to make the investment.”

Besides a new plant, Greendot will further expand its manufacturing capacity from 300 tonnes of nachos every month to 500 tonnes in the Roorkee plant.

“Our plans to foray into tier-II and tier-III cities, to enter non-corn-based snacks category and launch a new range of snacks and more flavours of flagship nachos before Diwali this year will help us achieve the Rs 100 turnover-mark. I also feel the headwinds the industry faced in the form of demonetisation and GST (Goods and Services Tax) is over now. I am very optimistic about the future,” Agarwal added.

Apart from Nacho Crisps, Greendot sells salsa and cheese dips, roasted nuts like cashews, peanuts, almonds, salted pumpkin seeds, and other products.

 

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Amul clocks 13% increase in turnover to Rs 33,150 crore in 2018-19
Amul clocks 13% increase in turnover to Rs 33,150 crore in 2018-19
 

The Gujarat Cooperative Milk Marketing Federation Ltd, which markets Amul milk and dairy products, has posted a 13% rise in turnover to Rs 33,150 crore in the year ended March 31. 

GCMMF had reported a turnover of Rs 29,225 crore in 2017-18. This means that the turnover of Amul group exceeded Rs 45,000 crore, which is also 13% higher than last year. 

The Amul Federation has been achieving a compound annual growth rate (CAGR) of over 17.5% for the past nine years because of higher milk procurement, continuous expansion in markets, launching of new products and adding new milk processing capacities across India.

RS Sodhi, Managing Director of Amul, said, “We have achieved volume sales growth in all product categories. Pouch milk, which is the highest turnover product, has shown good growth in almost all the markets.” 

Ramsinh P Parmar, Chairman, Amul Federation, stated, “Based on estimated growth in market demand for Amul products and our future marketing efforts, we anticipate at least 20 per cent CAGR growth in the business of Amul Federation during the next five years.”

Jethabhai Bharwad, Vice Chairman of Amul Federation, added,  “The member unions of Amul plan to enhance its milk processing capacity from the current level of 350 lakh litres per day to 380—400 lakh litres per day in the next two years.”

 

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Cornitos aims turnover of Rs 200 crore in five years
Cornitos aims turnover of Rs 200 crore in five years
 

Cornitos, the home-grown nacho brand, is aiming a turnover of Rs 200 crore in the next five years as it expands its product portfolio.

Vikram Agarwal, Managing Director, Greendot Health Foods Private Limited (Cornitos), stated, "The idea was to bring more and more healthier options to the consumers. Nachos are made of 100 per cent corn. The technology is brought from the United States, but the product is made in accordance with the Indian taste and pallet.   The product is gluten-free and made with corn oil, which is very good for health."

Recently, Cornitos has launched newer versions of nachos, including quinoa, beetroot and spinach flavours. This has brought the total number of Cornitos’ variants to 14 flavours.

The Faridabad-based company has two manufacturing units in Roorkee and Uttarakhand.

"These two units have 2,000 tonnes of annual production capacity, and in the next five years, a turnover of Rs 200 crore is what we want to achieve. The additional products, including roasted nuts and seeds of pumpkin and sunflower, have also been added to the portfolio," Agarwal added.

 

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Namboothiris targets Rs 500 crore turnover in two years
Namboothiris targets Rs 500 crore turnover in two years
 

Kerala-based food products company, Namboothiris Agro Foods Ltd hopes to touch the 100-crore turnover mark by the end of this financial year. The company will launch a range of fifty products in its food products segment including jams, curry powders, pickles, starting this Onam.

Rajeev. G. Kaimal, Director and Neelakantan Nambeesan, MD, Namboothiris Foods, said, "By the beginning of the Onam season, the company will have a range of more than 50 products in its food product segment."

Nambeesan added, "The most attractive innovation will be pickles packed in ceramic jars, a first in the industry. We have roped in actor Suresh Gopi as our brand ambassador."

The first company to launch packed pickles in the state fifty years ago, Namboothiris was recently acquired by Nambeesans Group, which has interests in restaurant and catering and real estate.

The company will expand its product range to seventy and move into other states next year.

The company has entered into an agreement with Chennai-based PayAgri Innovation, an Agro Fin Tech company, for the procurement of pesticide-free products directly from more than 60000 farmers in Tamil Nadu, directly by eliminating middlemen..

To beat competition, the company has come out with innovative products and packages.

Kaimal said, "We are introducing pickles packed in traditional ceramic jar for the first time in the industry. We have avoided plastic pouches and are using glass bottles and tins for packing products. Puttu podi (rice flour used for making Kerala dish puttu) in a cylindrical tin jar is another innovation." Passion fruit and Alphonso mango jam, Ramanad chilli powder are some innovative products.

The company is aiming at a turnover of Rs 500 crore in two years by scaling up its business pan-India.

The company plans to enter ayurvedic cosmetics and traditional handloom sector soon. The company has roped in Malayalam actor Suresh Gopi as its brand ambassador. The manufacturing facilities are located in Thodupuzha and Kattapana in Kerala and Muraleedharana Namboothiri who was the MD of Namboothiris earlier will be in charge of production.

 

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