Latest news with #DharampalSatyapal
Time of India
24-04-2025
- Business
- Time of India
Dharampal Satyapal Group crosses Rs 10,000 crore in revenue
The Dharampal Satyapal (DS) group crossed Rs 10,000 crore in revenue for the financial year 2024-25 led by its food and beverage segment , the company said in a statement. The maker of Catch spices and flavoured water, Pulse candy and Pass Pass confectionery, said its food and beverages segment contributed 42% to its total revenue, followed by mouth fresheners at 38%. It said tobacco, 'once central to its identity', now constitutes less than 10% of its turnover. Other sectors, such as hospitality, dairy, and retail which include L'Opera and Le Marche chains, make up the remaining share, the company said. DS Group vice chairman Rajiv Kumar said the company proposes to double revenue over a four-five year window. He attributed the growth to a combination of factors such as deeper distribution, and strategic shifts in consumer buying behaviour particularly in online and quick commerce channels, which catalysed the growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Kumar said the growth followed a three-year compound annual growth rate (CAGR) of 16% across all the combined businesses. While the past four quarters have seen demand in cities challenged due to inflationary pressures, low wage growth and higher housing rentals, consumer companies have indicated some green shoots of revival in the January-March '25 company NielsenIQ said the fast-moving consumer goods (FMCG) sector expanded 10.6% by value and 7.1% by volume in the December quarter, aided by rural demand and small and medium companies' performance Live Events
Time of India
24-04-2025
- Business
- Time of India
DS Group aims to double turnover to Rs 20k cr by 2029, Rs 3k cr investment on anvil
Homegrown FMCG firm Dharampal Satyapal Group is looking to double its turnover to Rs 20,000 crore by 2029, when it completes 100 years, for which it will make a cumulative minimum investment of up to Rs 3,000 crore, according to its Vice-Chairman Rajiv Kumar. Hospitality, and food and beverages (F&B) wherein acquisition opportunities are being explored, are the focus areas for expansion of the group as it looks to meet the 2029 target, Kumar told PTI in an interview. Dharampal Satyapal (DS) group, earlier known for its chewing tobacco products, expects the segment's contribution, which was less than 10 per cent of its overall turnover of Rs 10,000 crore in 2024-25, to remain small but won't exit it totally, he added. "We just closed 2024-25 with a turnover of Rs 10,000 crore plus. We are now among the top 10 to 15 FMCG companies in India . In the next five years, by 2029 when we complete 100 years, we are setting a target for ourselves to make it Rs 20,000 crore," he said. In FY25, out of the Rs 10,000 crore turnover, 42 per cent is from food and beverages, 38 per cent from mouth fresheners with the tobacco segment accounting for less than 10 per cent, which was almost 100 per cent three decades back, Kumar said, adding the hospitality segment's contribution was at 3 per cent. When asked about the key focus areas for expansion in the next four to five years, he said, "Our focus is hospitality. Today we have six hotels with around 1,000 rooms. In the next three years, we plan to double this room number and make it to 2,000 with around 10 to 12 hotels." The second area is food and beverages, which has a lot of scope, Kumar said, adding "we are coming out with multiple products in the spice and confectionery categories". The group currently has brands such as Catch, Pulse, Pass Pass, Silver Pearls, Ksheer, Rajnigandha, Ovino, L'Opera, Le Marche, Society Of Salad, Birthright, LuvIt, Chingles, Golmol, Namah playing in different segments. Asked how much investment DS Group is planning to make in the next four to five years to fulfil its 2029 ambition, Kumar said it is difficult to project an exact number but the group has already announced plans to invest Rs 1,000 crore in the hospitality segment in the next three years to double room capacity. "We are also investing more into sales, marketing and distribution... around Rs 2,000 crore (investment) is expected on the marketing side," Kumar said. The group currently has 50 manufacturing sites, including those of third party outsourcers, some of which exclusively make products for it, Kumar said, adding investment on manufacturing will not be that significant as compared to sales, marketing and distribution. On whether the group will exit from the tobacco segment as it looks to establish itself as a leading full-fledged FMCG firm in the country, Kumar said, "We are not planning to exit but our focus is more on the F&B side and hence the contribution of tobacco will automatically come down in terms of percentage."
Time of India
23-04-2025
- Business
- Time of India
DS Group aims to double turnover to Rs 20k cr by 2029, Rs 3k cr investment on anvil
New Delhi: Homegrown FMCG firm Dharampal Satyapal Group is looking to double its turnover to Rs 20,000 crore by 2029, when it completes 100 years, for which it will make a cumulative minimum investment of up to Rs 3,000 crore, according to its Vice-Chairman Rajiv Kumar. Hospitality, and food and beverages (F&B) wherein acquisition opportunities are being explored, are the focus areas for expansion of the group as it looks to meet the 2029 target, Kumar told PTI in an interview. Dharampal Satyapal (DS) group, earlier known for its chewing tobacco products, expects the segment's contribution, which was less than 10 per cent of its overall turnover of Rs 10,000 crore in 2024-25, to remain small but won't exit it totally, he added. "We just closed 2024-25 with a turnover of Rs 10,000 crore plus. We are now among the top 10 to 15 FMCG companies in India . In the next five years, by 2029 when we complete 100 years, we are setting a target for ourselves to make it Rs 20,000 crore," he said. In FY25, out of the Rs 10,000 crore turnover, 42 per cent is from food and beverages, 38 per cent from mouth fresheners with the tobacco segment accounting for less than 10 per cent, which was almost 100 per cent three decades back, Kumar said, adding the hospitality segment's contribution was at 3 per cent. When asked about the key focus areas for expansion in the next four to five years, he said, "Our focus is hospitality. Today we have six hotels with around 1,000 rooms. In the next three years, we plan to double this room number and make it to 2,000 with around 10 to 12 hotels." The second area is food and beverages, which has a lot of scope, Kumar said, adding "we are coming out with multiple products in the spice and confectionery categories". The group currently has brands such as Catch, Pulse, Pass Pass, Silver Pearls, Ksheer, Rajnigandha, Ovino, L'Opera, Le Marche, Society Of Salad, Birthright, LuvIt, Chingles, Golmol, Namah playing in different segments. Asked how much investment DS Group is planning to make in the next four to five years to fulfil its 2029 ambition, Kumar said it is difficult to project an exact number but the group has already announced plans to invest Rs 1,000 crore in the hospitality segment in the next three years to double room capacity. "We are also investing more into sales, marketing and distribution... around Rs 2,000 crore (investment) is expected on the marketing side," Kumar said. The group currently has 50 manufacturing sites, including those of third party outsourcers, some of which exclusively make products for it, Kumar said, adding investment on manufacturing will not be that significant as compared to sales, marketing and distribution. On whether the group will exit from the tobacco segment as it looks to establish itself as a leading full-fledged FMCG firm in the country, Kumar said, "We are not planning to exit but our focus is more on the F&B side and hence the contribution of tobacco will automatically come down in terms of percentage."
