After reporting revenue of ₹10,561 crores, Baba Ramdev announced another ambitious plan for Patanjali. The Haridwar headquartered homegrown Ayurvedic brand aims to double its revenue in the current fiscal year.
The company which has FMCG, Food & dairy items in the portfolio, is expecting to grow the manpower directly employees in Patanjali to 5 lakh within a year, a figure which stands at 1 lakh currently. Also, it is eyeing to become the biggest homegrown brand in next 2-3 years.
Baba Ramdev told media that for a long time, FMCG market in India has been ruled by MNCs. According to him, it’s time that a desi brand gives the competition. He cited example of Patanjali’s Ghee, Honey and toothpaste as examples where Patanjali has already established a market-leading position.
Speaking about the possibility of going public and listing on stock market, Baba Ramdev said there are no such plans and Patanjali will continue to be headed by a Sanyasi even after him.
While questioned about the trend of declining growth in FMCG and how Patanjali plans to achieve two fold growth, Baba Ramdev said that the same was the situation last year. Patanjali has surpassed everyone’s expectations by clocking over 100% increase I revenue and profits.
He further added that Patanjali is planning to double the distributor number to 12,000 in the coming year with an investment of over ₹5000 crores for five new plants.