The Haridwar-based Patanjali Group, led by Baba Ramdev, is expecting a turnover of Rs 25,000 crore this financial year. In addition, the group aims to become the country's largest FMCG company in the coming years. Yoga guru Baba Ramdev himself said this on Friday. It is being told that Patanjali has recently acquired debt-ridden Ruchi Soya. Apart from this, Ramdev said that the company will achieve a combined turnover of Rs 25,000 crore in the current financial year ending March 2020, with a contribution of around Rs 12,000 crore from the Patanjali Group and Rs 13,000 crore from Ruchi Soya.
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Ramdev said, "In the next five years we will achieve a turnover of 50,000 crores to one lakh crore and beat HUL to become the largest FMCG company in the country." Patanjali, which bought Ruchi Soya for about 4,500 crores in a corporate insolvency resolution, is also looking to expand its product line. Ramdev said, 'We will introduce three new products under the Nutella brand for people suffering from diseases like heart, cholesterol, and high blood pressure and health-conscious' These products include premium oil Nutrella Gold, Nutrella Honey, and Nutrella Protein.
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Apart from this, Ramdev said that he is expecting three times the growth from Ruchi Soya in the coming time. Along with this, he said that this will reduce the burden of import of food oil falling on India and will help the country to become self-sufficient in this sector. Patanjali will retain Bollywood actress Madhuri Dixit as the brand ambassador for Mahakosh range products of Ruchi Soya. The market leader of the FMCG segment, HUL i.e. Hindustan Unilever Limited, achieved revenue of more than 38,000 crores in the financial year 2018-19. There is a possibility that it may merge with GSK Healthcare Business.
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