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Will double turnover to Rs 10,000 crore in 1 year: Patanjali

While Patanjali declined to give numbers relating to its profits and margins, it said it will invest over Rs1,150 crore in the current fiscal to set up six processing and one R&D centre.

By: ENS Economic Bureau | New Delhi | Updated: April 27, 2016 10:15 am
baba ramdev, ramdev, Yoga guru Baba Ramdev, Yoga guru, Vaidik Education Board, Central Board of Secondary Education, CBSE, PMO, Narendra Modi, proposal, india news Patanjali Ayurved is a FMCG venture promoted by yoga guru Baba Ramdev

Patanjali Ayurved, the FMCG venture promoted by yoga guru Baba Ramdev, on Tuesday said that it had clocked a turnover of Rs 5,000 crore during FY16 and aims to double it to Rs 10,000 crore during the current fiscal. The Rs 5,000-crore revenue in FY16, which is a 150 per cent growth from a year earlier, is in line with estimates drawn up by some foreign brokerage firms that analysed the company’s products and business model.

While Patanjali declined to give numbers relating to its profits and margins, it said it will invest over Rs1,150 crore in the current fiscal to set up six processing and one R&D centre.

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“We will invest Rs 1,000 crore to set up five to six processing units in various parts of the country. Apart from this, we will invest Rs 150 crore in research and development (R&D). We are looking at doubling our turnover to Rs 10,000 crore in the current fiscal,” Ramdev said.

The rise of Patanjali in a short time has been captured by analysts. “Indian consumers are returning to their roots and increasingly buying natural products,” Nomura wrote in its report released in February. FE

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  1. P
    Pankaj neema
    Nov 12, 2016 at 8:11 am
    New business
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      ak dev
      Apr 27, 2016 at 6:05 am
      I like Patanjli products. However, if 10000 cr or more dream is to be achieved soon, the quality of Patanjli products must be continuously improved, particularly the products manufactured by others and marketed by Patanjli. It can be done only by professional quality control. Also Patanjili must invest a significant resources in R and D on the lines of world leaders. God bless Ramdev and his team.
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        Manus
        Apr 27, 2016 at 8:05 am
        Ridiculous to read the comments that Patanjali grew because of Modi.....Its because of these views congress and opposition are in tatters ............... Visit any nearest kirana store and then perhaps naysayers will know the b that is "PATANJALI".
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          bitterhoney
          Apr 27, 2016 at 7:42 am
          The day Modi is voted out Modi's patronage to Patanjali should be investigated.
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            Dr. Sonali
            Apr 26, 2016 at 11:12 pm
            Please try and adopt Amul cooperative style in some products to help rural people in joining. Areas such as honey and growing herbal plans and making products can decentralised with proper quality control. Lijjat papad did it. Please make Patanajali it national venture.
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