01-05-2025
Wai Wai noodles maker CG Foods appoints Varun Chaudhary as Global CEO, eyes Rs 1,200 crore revenue in FY26
New Delhi:
CG Foods
, the maker of
Wai Wai noodles
and a part of
CG Corp Global
, on Thursday, said it has appointed
Varun Chaudhary
as its Global CEO.
Chaudhary, who is also managing director of CG Corp Global, will drive the company's transition into a multi-category
food business
with a revenue target of Rs 1,200 crore by FY26.
The company has closed the fiscal year 2024-25 with a similar topline of Rs 800 crore as in FY24, up from Rs 500 crore in FY23, it shared with ETRetail.
CG Foods is expanding beyond its flagship
Wai Wai
brand into categories such as snacks, sauces, pastas, and seasonings to drive growth and diversification.
'Our goal is to transition from a single-product identity to a diversified food company that innovates continuously, adapts locally, and scales globally. At present, CG Foods offers 200–250 SKUs, but we want to go bigger. To achieve this vision, we will launch new products continuously while innovating CG's existing portfolio and exploring tie-ups with retail partners,' said Chaudhary.
The company plans to boost its presence across e-commerce, quick commerce, modern trade and strategic retail alliances, aiming for 3-4x growth in these channels.
Exporting to over 30 countries, CG Foods currently operates 13 manufacturing units across seven locations in India with a monthly production capacity of up to 100 crore units. Presently, East and Northeast India contribute 50-60 per cent to its overall revenue.
Further, Chaudhary shared that his immediate focus includes HR restructuring, operational efficiency, and strategic acquisitions, with potential expansion into Eastern Europe.
