"Honey (sales) is around Rs 350 crore and would grow to Rs 500-Rs 600 crore this year".
He asserted that Patanjali will be the biggest Swadeshi brand in a span of one or two years. The plants will be set up in Jammu and Kashmir, Noida, Nagpur and Indore this year, he said. The company is also strengthening its distribution network to reach more consumers across the country.
The Ayurveda major clocked in Rs Rs 10,216 crore in FMCG and ayurveda sales during 2016-17, leaving behind Nestlé India (Rs 9,159 crore) and Godrej Consumer (Rs 9,134 crore), reports Business Standard.
During the fiscal, Patanjali ghee had a business of Rs 1,467 crore and oral care brand Dant Kanti Rs 940 crore. At Rs 825 crore, Patanjali's hair oil sales are higher than that of key player Bajaj Corp.
"Dankanti has now 14 percent market share in the segment". A jump from Rs 5000 crore revenues to Rs 10,216 crore in a year is no small feat, especially in the cut-throat FMCG sector. In shampoo and face wash, we have now 15 per cent share, while in toothpastes we have about 14 per cent share. People try to spread rumours about Patanjali.
Addressing an annual press conference of Patanjali Group Baba Ramdev advised the Indian forces to follow the footsteps of Israel and cut 100 Pakistani heads for each of the martyred and mutilated Indian soldier.
Meanwhile, Patanjali is working on a model to sell its products through e-commerce as well. "The company will take time to understand the restaurant business before opening one", Patanjali CEO Acharya Balkrishna said, adding that it would take a year or even more.
A division bench of Chief Justice Manjula Chellur and Justice G S Kulkarni was hearing a petition filed by Congress Mumbai chief Sanjay Nirupam alleging irregularities in the allotment of land to the company for setting up a food park in the Multi-Modal International Hub Airport at Nagpur (MIHAN), Nagpur. As per the announcements made, Patanjali's unit in Madhya Pradesh will be used as an export hub for US, Canada, and the UK. "We will venture into segment very soon".