Mumbai, packaged food company Anmol Industries Limited on Wednesday said it aims to achieve a turnover of Rs 5,000 crore in the next five years.
The company said it currently has a turnover of Rs 1,600 crore and the target is to increase it to Rs 2,000 crore by the next financial year.
Over a five-year horizon, the target is to achieve a turnover of Rs 5,000 crore, the company said in a statement.
"Our current focus revolves around innovation, leveraging new technologies and constantly introducing products that resonate with the changing preferences of our customers. These elements are critical as we aim to achieve our ambitious target of Rs 5,000 crore. in the next five years.
“An integral part of this effort is the continuous improvement of our manufacturing capabilities,” said Aman Choudhary, chief marketing officer, Anmol Industries Limited.
The company said it recently commissioned a new manufacturing facility in Thakurganj (Bihar) with an investment of Rs 200 crore. The plant will enhance the company's production capacity by adding 8,000 metric tons per month.
Anmol Industries products include cookies, biscuits, biscuits, chocolate wafers and cakes.
The company said it has established a strong position in key markets like UP and Bihar (where it holds the second position in the biscuit segment) as well as Jharkhand, Bengal and Odisha, and is focused on further strengthening its position in the market in both states. with the aim of reaching the number one position in the near future.
Beyond the domestic market, Anmol Industries has a strong global presence through its export activities. More than 30 unique varieties of Anmol biscuits are distributed in more than 30 countries across the world, he said.
"The next five years mark a trend of customer evolution where the old rural customer has come very close to the urban customer. In terms of our product portfolio, we are moving towards categories that are a little more forgiving," Choudhary said. .
"We have recently launched chocolate-covered cake products and are optimistic about gaining market traction in the indulgent cookies and snacks categories," he added.
Anmol has recently introduced 'Crunchy', a new chocolate wafer, to the market.
"As part of our growth strategy, we will continue to optimize our product offering to meet changing consumer preferences from generic to specialty items and from essential to discretionary items. We also see significant potential in emerging channels such as modern trade and retail. electronic, which allow us to interact directly with our consumers," he stated.
The company said it currently has a turnover of Rs 1,600 crore and the target is to increase it to Rs 2,000 crore by the next financial year.
Over a five-year horizon, the target is to achieve a turnover of Rs 5,000 crore, the company said in a statement.
"Our current focus revolves around innovation, leveraging new technologies and constantly introducing products that resonate with the changing preferences of our customers. These elements are critical as we aim to achieve our ambitious target of Rs 5,000 crore. in the next five years.
“An integral part of this effort is the continuous improvement of our manufacturing capabilities,” said Aman Choudhary, chief marketing officer, Anmol Industries Limited.
The company said it recently commissioned a new manufacturing facility in Thakurganj (Bihar) with an investment of Rs 200 crore. The plant will enhance the company's production capacity by adding 8,000 metric tons per month.
Anmol Industries products include cookies, biscuits, biscuits, chocolate wafers and cakes.
The company said it has established a strong position in key markets like UP and Bihar (where it holds the second position in the biscuit segment) as well as Jharkhand, Bengal and Odisha, and is focused on further strengthening its position in the market in both states. with the aim of reaching the number one position in the near future.
Beyond the domestic market, Anmol Industries has a strong global presence through its export activities. More than 30 unique varieties of Anmol biscuits are distributed in more than 30 countries across the world, he said.
"The next five years mark a trend of customer evolution where the old rural customer has come very close to the urban customer. In terms of our product portfolio, we are moving towards categories that are a little more forgiving," Choudhary said. .
"We have recently launched chocolate-covered cake products and are optimistic about gaining market traction in the indulgent cookies and snacks categories," he added.
Anmol has recently introduced 'Crunchy', a new chocolate wafer, to the market.
"As part of our growth strategy, we will continue to optimize our product offering to meet changing consumer preferences from generic to specialty items and from essential to discretionary items. We also see significant potential in emerging channels such as modern trade and retail. electronic, which allow us to interact directly with our consumers," he stated.
