Patanjali Foods Ltd. is "very confident" of achieving Rs 1,100-crore revenue from the newly acquired home and personal care business by the end of fiscal 2025, according to the company's Chief Executive Officer Sanjeev Asthana.
In October, the Competition Commission of India approved the acquisition of the home and personal care or HPC business of Patanjali Ayurved by Patanjali Foods.
While speaking with NDTV Profit, Asthana said that the HPC business has been integrated into Patanjali Foods with effect from Nov. 1.
“The sales continue at full pace and we are very confident that this integration will be successfully done. We will start reporting the results from this quarter onwards. For this quarter, we will get two months of HPC business results as well,” he said.
Patanjali Foods received a five-month window in this fiscal to do business in the HPC segment after acquiring the business from its parent firm Patanjali Ayurved. According to Asthana, the business typically logs a monthly topline of around Rs 225 crore, which takes the estimated revenue for the five months to Rs 1,100 crore.
Sharing a conservative estimate, Asthana said that "Rs 800 crore to Rs 900 crore (of revenue) is definitely given". "Barring some changes, we could also hit the Rs 1,100-crore (revenue mark), which we are very confident about," he added.
From fiscal 2026 onwards, the company expects a growth in the HPC business of 15% year-on-year, the Patanjali Foods CEO said.
Asthana, during the conversation, also pointed out that Patanjali Foods currently gets 2% of its sales through quick commerce, e-commerce and direct to consumer modes. Over the next two years, the company plans to double this figure.
“We would like 4% of the revenues coming from e-commerce categories and we would like the current share of 6% of modern trade to go up to 8%. We should be 12% plus between e-commerce and modern trade,” Asthana noted.
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