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FMCG behemoth Patanjali looking at Rs 1 lakh crore turnover in 5 years

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-led home-grown FMCG major , which posted a turnover of Rs 10,561 crore in the last fiscal, is now looking at a 10-fold jump in sales in the next five years, according to a PTI report.

FMCG Behemoth Patanjali Looking at Rs 1 Lakh Crore Turnover In 5 Years

“Our turnover was Rs 10,561 crore last (fiscal) year. Now, we are targeting to achieve a turnover of Rs 1 lakh crore in the next five years,” said Ramdev at a press conference in Ahmedabad.

On the occasion, the yoga guru-cum-entrepreneur announced his company will donate an equal amount of money for various social causes during the next 20 to 25 years.

“Foreign companies (operating in India) do not give anything for charity, while we donate 100 per cent of our profit for the betterment of the society. We have set a target of giving away Rs 1 lakh crore for charity, including for education, during the next 20 to 25 years,” he said at the press meet.

“We are working on a project to increase milk yield of various cow breeds of Gujarat such as Kankreji and Gir. By using various methods and through embryo transplantation, we can increase the yield from 5 litres to almost 50 litres per day,” he added.

“It is very much possible that we would set up a Cow Research Centre in Gujarat to carry out these activities. However, you have to wait for a formal announcement on June 21,” he was quoted by news agency PTI as saying.