Dabur to invest Rs 100 cr by 2010
He said nearly 70 per cent of the Dabur Foods' turnover come from its flagship product, Real Juice.
By PTI |
NEW DELHI: Buoyed by the increased demand for its flagship product, Real Juice, FMCG major Dabur Foods Ltd on Tuesday said it will invest Rs 100 crore to expand capacities and expects to double revenues to Rs 500 crore in the next three years.
"We would close the current fiscal at a turnover of Rs 250 crore and are targeting to touch Rs 500 crore by 2009-10. The company would invest Rs 100 crore over the next three years to upgrade and expand facilities," Dabur Foods Chairman Amit Burman told reporters here.
He said nearly 70 per cent of the Dabur Foods' turnover come from its flagship product, Real Juice, and the company expects the brand to contribute as much as Rs 350 crore to its turnover by 2009-10.
"Real brand has been growing over 30 per cent year on year and we want this growth to continue in future as well. The brand is expected to contribute around Rs 175 crore to this year's revenues," Burman said.
The company would also invest Rs 100 crore over the next three years in expansion and upgradation of its existing facilities in Nepal, Jaipur and Siliguri.
Exports are expected to contribute nearly Rs 25 crore to its turnover this year and the company's investment of Rs 100 crore would primarily cater to the overseas market, he said.
The company operates two food packaging facilities, one each in Jaipur and Nepal, while it runs a food processing facility in Siliguri. Dabur Foods' Nepal facility contributes 80 per cent to the company's supplies while its Jaipur plant takes care of 20 per cent of the supplies.
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