You are here: Home » Companies » News
Business Standard

Future Group partners Baba Ramdev's Patanjali Ayurved

Apart from marketing tie-up, companies may also jointly develop brands

Press Trust of India  |  New Delhi 

Ramdev

Retail major today entered into a partnership with Baba Ramdev-promoted to sell the latter's products through its stores.

expect sales from Patanjali, which is set to launch next week to take advantage of the space vacated by Nestle's Maggi, to the tune of Rs 1,000 crore in next 20 months.


The are also considering to have production partnership and jointly develop brands in the long term.

"In total we would have Rs 30-40 crore business (from Patanjali products) in a month from our stores and later on it would increase up to Rs 80 crore," CEO told reporters here.

He said from Future Group's stores, the business of established player such as is around Rs 1,300 crore to Rs 1,400 crore.

"I believe that Patanajali products could easily achieve that," Biyani added.

Announcing plans to enter segment, Ramdev said: "Our effort is to promote swadeshi and give a tough fight to the MNCs. We would launch our in market by October 15 and it would be available across India by the end of this month."

He said Patanjali is also planning to launch products like pasta, oats, juices, muesli soon and is targeting to achieve Rs 5,000 crore turnover this fiscal.

When asked about Future Group's growth prospects, Biyani said it would continue to have 20-25 per cent increase in revenue.

"We would have a group revenue of Rs 22,000 crore to 23,000 crore this fiscal," he said.

On association with Patanjali, he said the two are also considering to have production partnership.

"We are working on it. In the long-run we would jointly develop brands together," Biyani said adding is setting an office in Haridwar for distribution and marketing of Patanajali products.

First Published: Fri, October 09 2015. 14:57 IST
RECOMMENDED FOR YOU