Patanjali Ayurved is expected to reach a turnover of Rs 35,000 crore to Rs 40,000 crore in the next financial year. The promoter of the company, Yoga Guru Baba Ramdev, said this on Friday. With this, he aims to make Patanjali the largest FMCG company in India. For your information, let us know that recently Patanjali has acquired Ruchi Soya with debt burden. The company is expected to reach its turnover of Rs 25,000 crore in the current financial year. Out of which the turnover of Rs 12,000 crore could be of Patanjali Group and Rs 13,000 crore turnover would be of Soya.
Patanjali expects three-fold growth following the acquisition of Ruchi Soya, as partner Patanjali became a major player in the edible oil category as well as leading domestic production of soybean oil, sunflower oil and palm oil. Said, 'Patanjali's business with Ruchi Soya will be around Rs 25,000 crore in this financial year and is expected to grow to around Rs 35,000 crore by next financial year (FY21). Will the business forward, "said the Rs 1 lakh crore from Rs 50,000 crore us in the next five years and replaced by HUL FMCG will become the largest company.
For your information, let us know that Hindustan Unilever Limited (HUL) is the market leader in the FMCG segment. The same company had a revenue of Rs 38,224 crore in 2018-19, further it is expected to merge with GSK Healthcare business. Also, when contacted by a spokesperson of HUL, they said that as per company policy we do not comment on competition.
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