New Delhi, October 19
Punjab-based bread and biscuit maker Bonn Group aimed at a turnover of Rs 1,000 crore in the next three years driven by diversification of products and expansion across the country, said a top company official.
As part of its expansion plan, Bonn Group has entered into Southern markets in the biscuits segment and aims to have presence in the bakery segment also in next three years.
The company is planning to have a pan India presence by 2021 for both bread and biscuits segment, the official said.
“We are aiming to touch the Rs 1,000 crore turnover in the next three years. We are maintaining a CAGR (compound annual growth rate) of 30 to 35 per cent per year,” Bonn group of industries director Amrinder Singh told PTI.
The company had a turnover of Rs 600 crore in financial year 2017-18.
At present, the Ludhiana-based company gets around 60 per cent of its revenue from bread, 30 per cent from biscuits and rest from rusks, cakes and other products.
“We would have growth from both the segments--breads and biscuits. These are the two categories which would continue to contribute in our growth rate, which are our core business,” he said.
Currently, the company has 12 manufacturing units and is exporting to around 55 countries.
“We are currently manufacturing one million loafs a day,” Singh added.
The company, as per its marketing strategy, has several brands besides Bonn to cater to the different price points and different segments in the market, which includes New Health, La Americana and Americana.
“In La Americana, we have all gourmet range... for the lifestyle segment and aspirational products,” he said.
The company has fleet of around 500 vehicles to supply to its distributors for a time-bound delivery.
Bonn has presence in Northern markets which include J&K, Haryana, Punjab, Uttarakhand, UP, Rajasthan, MP and Delhi and is now expanding in Bihar.
“We are also expanding in the South. We have taken a plant in Mysore for biscuits and started operations in the South,” he said, adding, “We have also plans to take our bread to the Southern market.” PTI
Most Read In 24 Hours
Don't MissView All
The 10 who put in their papers include nine Lok Sabha MPs, i...
The withdrawal of statement by MP Senthil came when the Hous...
DNV Senthil Kumar on Tuesday triggered a row by using a pejo...
The DMK MP’s remark on Hindi heartland states had led to a f...
The 30-share BSE Sensex jumps 303.25 points, or 0.44 per cen...