Edible oil manufacturer Ruchi Soya Industries is expecting a 15 to 20 percent growth in revenue over the next two years, according to PTI.
“Our present turnover is Rs 30,000 crore. We are expecting a revenue growth of 15 percent to 20 percent in the coming two years,” said Satendra Aggarwal, Ruchi Soya Industries, COO. He further added that contribution of the edible oil business in the overall turnover was Rs 16,000 crore, the balance being exports and sale of soya chunks.
Aggarwal also stated that Ruchi Soya enjoyed a nationwide market share of 18 percent in the packed edible oil business. As per him, the company would make some investments in upgradation of plants and packaging of products.
According to research statistics, the edible oils market would touch 22 million tonnes per annum (MTPA) by 2015, from the present levels of 15 MTPA, he said. The company’s present refining and crushing capacity is 4.2 MT per annum, and three MT, respectively.
With 18 operational units spread across the country, the company’s market share in the east stood at 27 percent. Ruchi Soya has brands in the mustard, soya, palm and sunflower oil segments.