Baby Marine Seafood to venture outside Kerala

Image
IANS Thiruvananthapuram
Last Updated : Aug 05 2016 | 2:28 PM IST

Seafood company Baby Marine Group (BMG) said on Friday it has posted a turnover of Rs 4 crore since starting home delivery in Kerala and will be launching an outlet in Bangalore in October.

"For five decades we were only serving the export markets. It was only in February we started to tap the domestic market for the first time at Kochi and we have already completed a turnover of Rs 4 crore," Alex K. Thomas, Managing Director of Baby Marine Seafood Retail Pvt Ltd, the group's domestic arm, told reporters here.

The Kochi-headquartered company has also launched home delivery of fish and other sea food in state capital Thiruvananthapuram. The buyers can either place online orders at www.dailyfish.in or by downloading the Daily Fish India app.

In a span of six months, the company already has 10,000 online customers in Kochi alone, Thomas said, noting that the household fish market in Kerala is worth Rs 12,000 crore.

He said the company would open its first outlet outside Kerala in Bengaluru in October and follow it up with more outlets in South India before moving north.

The company has proven its mettle by serving the US and European markets for nearly five decades, but still has to get used to the peculiarities of the domestic market, Thomas said.

"Here, we have to dispel the perception that frozen fish is inferior to fresh fish, which it is not. We use one of the best freezing technologies available in the world. Moreover, we can offer seafood at cheaper rates than what's available in the open market," he said.

At 24 kg a year, Kerala has the highest per capita consumption of fish in India.

Baby Marine offers to home-deliver a kg of cleaned and ready to cook seer fish for Rs 760 and a 250 gram of cleaned shrimp for Rs 190.

Also available are white pomfret, red snapper, pearl spot, mackerel, squids, anchovy, crabs and lobsters.

--IANS

sg/kb/vt

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 05 2016 | 2:18 PM IST

Next Story