Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 09 2016

Future Group to bet big on food business, targets Rs 20,000 crore revenue

The Group currently has 27 brands under 64 categories including food brands like Karmiq, Golden Harvest, Desi Atta, Fresh & Pure, Premium Harvest, Ektaa and Tasty Treat.

Future Group is targeting high from its foods arm clocking a revenue of Rs 20,000 crore in this segment by the year 2021.

For the next fiscal, It is targeting revenue of Rs 4,000 crore, followed by five-fold jump to Rs 20,000-crore in five years.

"We have a vision that we will grow (FCEL) to Rs 20,000-crore business by 2021," Kishore Biyani, Founder and CEO, Future Group, shared in a press conference in Mumbai.

"It comes with the ambition of the Group also, which has decided to open multiple stores.... 360 hyper-markets, 4,000 small stores. If we are able to do that, our food business alone on the retail side will be close to Rs 40,000 to Rs 45,000 crore," added Biyani.

The Group currently has 27 brands under 64 categories including food brands like Karmiq, Golden Harvest, Desi Atta, Fresh & Pure, Premium Harvest, Ektaa and Tasty Treat.

Future Group has also tied up with LT Foods, owner of the Daawat rice brand, for developing rice and rice products.

“FCEL has already started a distribution pilot in Varanasi for its brand Tasty Treat, and targets revenue of up to Rs 1,500 crore for the brand by 2021, he said.

"The company is currently in the process of evaluating different distribution models, and has appointed distributors in the general trade as a pilot project in Varanasi," added Biyani.

The Group plans to sell its products in about 5,000 stores in Mumbai and targets their all-India launch in 18-20 months, he had said earlier.

Comment
Related opportunities
  • GPS navigaiton & tracking system
    About Us: trackNOW Pvt Ltd. is the brainchild of a pair..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About Us  Me, Waffle n More (MWM) is a quick service..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Other Vocational Training
    Ever since its inception way back in 1998, IWP has..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: The Vegbites opened in 2009 and it is a restaurant..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities