According to a Religare Capital Market Report, Baba Ramdev’s Patanjali Ayurved Ltd grew 125-150 per cent during the fiscal year to Rs 4,500-5,000 crore from Rs 2,000 crore a year-ago.
And that’s not all. The company which manufactures and markets everything from flour, ghee, biscuits, noodles, spices to honey and toothpaste aims to continue growing at 100-125 per cent annually for the next three years.
According to the report which estimated Patanjali’s revenues to grow to Rs 20,000 crore by 2020, the growth from market expansion is estimated at 18 per cent and the remaining from taking share from existing consumer companies.
Currently, the company’s new products launched in fiscal 2016 are gaining traction and it plans to roll out an extensive range of baby care products, premium herbal cosmetics, guava drinks and dairy products such as whole milk powder) in the near term.