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Time of India

Lotte India aiming to achieve turnover of 3,000cr by 2027

Chennai: With the successful completion of the Lotte-Havmor merger, Lotte India is aiming to achieve a turnover of Rs 3000 crore by 2027. The company is set to achieve a turnover of over Rs 2,000 crore in CY25 said an official statement. Lotte India is lining up a capex of Rs 475 crore for FY25-26 as part of its product line expansion. According to Lotte India MD Milan Wahi, that would include Rs 225 crore spend on the company's just launched Pepero product which is being manufactured in its Rohtak plant. "We are also putting another new line for ChocoPie and we're also creating a new warehouse at Rohtak so all put together we will spend Rs 475 crore by December 2026," he said. The company also has a facility in Chennai. "In 2023, we invested approximately Rs 300 crore because we put up a new line there," said Wahi. "We had an existing line of ChocoPie and we put up a new line at Chennai. That expenditure is already finished so we are looking at Rohtak now," he added. The company's confectionary division is clocking an EBITDA of 13% on the back of the overall snacks market doing 13-14% growth. "Overall snacks, including salty snacks, chips plus biscuits and chocolate is a total Rs 1.7 lakh crore market growing at double digit of 13% to 14%," he said. And while city-wise Delhi is the number market for Lotte India, it is followed by Chennai and Hyderabad. "Chennai is opening up. There's a cosmopolitan crowd coming in, a lot of crowd coming from outside for IT etc so the locals are trying out new things. " You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai