Organic India eyes Rs 500 cr turnover by FY20 end

Image
Press Trust of India New Delhi
Last Updated : Dec 25 2017 | 3:10 PM IST
Fab India controlled health and wellness brand Organic India is eyeing over Rs 500 crore turnover by the end of fiscal 2020 with the demand for organic products increasing steadily.
The company's revenue in 2016-17 stood at Rs 350 crore.
"We are looking at a turnover of over Rs 500 crore by end of fiscal 2020. We have registered compounded annual growth rate of more than 20 per cent for the last 5 years.
"Demand for organic products has been growing. As we enter into new product categories...our growth will only increase," Organic India MD and CEO Abhinandan Dhoke told PTI.
Fab India is a strategic partner and owns 51 per cent stake in Organic India.
The company sells products such as tulsi tea, ghee, chyawanprash, coconut oil and natural sweetener Stevia.
Organic India is also exploring entry into organic skincare and bodycare segment.
"We plan to launch a pilot with select organic skincare and bodycare products in select cities in the next fiscal," he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Dec 25 2017 | 3:10 PM IST

Next Story