Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 02 2017

Heritage Foods aims Rs 6000 crore revenue in 2022

The company had recently acquired Reliance Retail's dairy business

Heritage Foods aims Rs 6000 crore revenue in 2022

Heritage Foods Ltd, promoted by the family of Andhra Pradesh Chief Minister, N Chandrababu Naidu has introduced a new range of flavoured milk.

The company had recently acquired Reliance Retail's dairy business. It draws about 24% of its revenues from value added products currently and wants to take it to 40% in the next five years.

The company has set a target of clocking Rs 6000 crore revenue in 2022.

Brahmani Nara, Executive Director, Heritage Foods Limited, said, "We are geared up to ride this journey of growing the value-added products market in the country. My thoughts on product innovation are simple. As a working mom of a 2-year-old, it is a challenge to feed my child good, nutritious food every day. So a key challenge for my product development team is to develop products that are convenient, nutritious and great tasting, all in a single serving."

The company has also lined up expansion plans to set up processing and packaging lines to support growth in milk and value added products and will be investing around Rs 90 crore in 2017-18.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Food Service
    About Us: Mumbai’s Most Popular Traditional Snack Brand.By India’s Leading Manufacture..
    Locations looking for expansion Mumbai
    Establishment year 1977
    Franchising Launch Date 2018
    Investment size
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Mumbai
  • Beauty Salons
    About Us: In this 21st century, people are way too busy..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Education Supplies
    About Us: TicTacToe Learning Center is an afterschool program, learning English..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Founded in 1975, Chickpet Donne Biryani provides an exclusive..
    Locations looking for expansion Karnataka
    Establishment year 1975
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities