RP-Sanjiv Goenka Group hopes its FMCG venture to become profitable by March

The Group's FMCG venture, which currently operates under the aegis of CESC Ltd - the Group's flag bearer, will be merged with CESC Ventures after the proposed demerger of the Group is effected

The RP-Sanjiv Goenka Group hopes that its FMCG venture will hit the “inflection point” to become profitable during March 2020. 

“Spencer’s is already positive at the PBT level. However, the FMCG business will take sometime to hit the inflection point which is expected in March, 2020”, Sanjiv Goenka, chairman at the RP-Sanjiv Goenka Group said. He was responding to a shareholders’ enquiry at the AGM of CESC Ltd here. 

The Group currently has two comapnies in its FMCG division - Guiltfree Industries, which makes various West Indian snacks under the Too Yumm brandname, and Apricot Foods, which the Group acquired