?Bikano plans to meet its target of Rs 1,000 crore turnovers by FY 2019

Fast food and snacks retailer Bikano, part of Bikanerwala Group, has planned to expand its product offerings and to open more outlets across the country to reach its target of Rs 1,000 crore turnovers by fiscal 2019.

Manish Aggarwal, Director Bikanerwala, said, "We are looking at Rs 1,000 crore turnover by financial year of 2019 as we expand our food and snacks offerings. We are also looking to increase our retail outlet count."

The company, which entered ready-to-eat segment last month, reported turnover of Rs. 550 crore in the previous fiscal and looking to close the current financial year with sales of Rs. 650-675 crore.

The company is also setting up two new plants in Greater Noida and Hyderabad for an investment of Rs. 150 crore.

Aggarwal said, "We are investing Rs 150 crore for setting up these two plants. Greater Noida plant is expected to be operational by end of this calender year while Hyderabad will be by the end of next year. These plants will significantly expand our manufacturing capacities."

At present, the company has three manufacturing plants -- in Greater Noida (Uttar Pradesh), Rai (Haryana) and in Delhi -- in the country. At present, Bikano has a network of 55 stores across the country and is looking to add up to 25 more in 3-4 years.

He further added, "We plan to open 20-25 outlets in 3-4 years time. We will also look at entering new markets. At present, we don't have presence in South India and Maharashtra and also in Far East India. Our stores are both company owned and franchised."