Patanjali Ayurved is targeting a revenue of Rs 50,000 crore in the next five years. An ambitious roadmap of its entry into new segments will be announced shortly at a press conference, on Saturday.
Other than augmenting dental and childcare in its portfolio, the company is set to announce its entry into segments like education and dairy products with an estimated investment of Rs 10,000 crore. An additional investment of Rs 500 crore is planned for the dairy segment.
Baba Ramdev’s Patanjali claims to have clocked a turnover of Rs 5,000 crore in the financial year 2015-16. It aims to double its revenue this fiscal. If it happens, it will surge ahead of FMCG giants like Nestle, Colgate-Palmolive and Proctor and Gamble.
The company now plans to take on FMCG giant Hindustan Uniliver, which had accrued a revenue in excess of Rs 32,000 crore last fiscal.
Patanjali offers products like biscuits, ghee, honey, toothpaste, and a whole range of healthcare products. Its network of distributors amounts to nearly 4,000. Additionally, the company has 10,000 stores and 100 mega marts.
The company has also acquired land in excess of 200 acre in Nagpur to set up a food park.
(This article has been sourced from Quint Hindi.)