India. Ruchi Soya expects 20% growth in turnover
2014-05-28 10:23:00
Leading edible oil manufacturer Ruchi Soya Industries is expecting a 15 to 20% growth in revenue over the next two years, a company official said.
"Our present turnover is Rs 30,000 crore. We are expecting a revenue growth of 15% to 20% in the coming two years," COO of Ruchi Soya Industries Satendra Aggarwal told reporters here yesterday.
He said 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.
The official said that Ruchi Soya enjoyed a nationwide market share of 18% in the packed edible oil business.
According to research figures, he said that the edible oils market would touch 22 million tonnes per annum (MTPA) by 2015, from the present levels of 15 MTPA.
To a query, he said that the company does not have immediate plans to expand refining and crushing capacity.
Ruchi's present refining capacity was 4.2 MT per annum, and three MT of crushing capacity.
Aggarwal said the company would make some investments in upgradation of plants and packaging of products.
With 18 operational units spread across the country, the company's market share in the east was 27%.
Ruchi Soya has brands in the mustard, soya, palm and sunflower oil segments.