Dharampal Satyapal Group crosses Rs 10,000 crore in revenue

The Dharampal Satyapal (DS) group crossed Rs 10,000 crore in revenue for the financial year 2024-25 led by its food and beverage segment, the company said in a statement.

The maker of Catch spices and flavoured water, Pulse candy and Pass Pass confectionery, said its food and beverages segment contributed 42% to its total revenue, followed by mouth fresheners at 38%. It said tobacco, “once central to its identity”, now constitutes less than 10% of its turnover. Other sectors, such as hospitality, dairy, and retail which include L’Opera and Le Marche chains, make up the remaining share, the company said.

DS Group vice chairman Rajiv Kumar said the company proposes to double revenue over a four-five year window. He attributed the growth to a combination of factors such as deeper distribution, and strategic shifts in consumer buying behaviour particularly in online and quick commerce channels, which catalysed the growth.


Kumar said the growth followed a three-year compound annual growth rate (CAGR) of 16% across all the combined businesses.

While the past four quarters have seen demand in cities challenged due to inflationary pressures, low wage growth and higher housing rentals, consumer companies have indicated some green shoots of revival in the January-March ’25 quarter.Research company NielsenIQ said the fast-moving consumer goods (FMCG) sector expanded 10.6% by value and 7.1% by volume in the December quarter, aided by rural demand and small and medium companies’ performance