BL Agro Group Targets 2.5x Revenue Growth with Rs 3,000 Crore Investment
BL Agro Group, a prominent player in the edible oils and processed foods industry, plans a Rs 3,000 crore investment to boost revenue to Rs 20,000 crore by 2030. Focusing on expansion across various food categories, the company aims for a multi-brand strategy catering to diverse market segments.
- Country:
- India
Uttar Pradesh-based BL Agro Group is set to invest Rs 3,000 crore to expand its business, targeting a revenue increase of 2.5 times to Rs 20,000 crore over the next five years, CEO Navneet Ravikar announced.
With a current turnover of Rs 8,000 crore, the Bareilly-based company plans to build a comprehensive value chain, introducing multiple food categories including rice and milk. This move will involve collaboration with global partners from Russia, the Middle East, Europe, and South America, potentially attracting significant investment interest.
The group, known for brands like Bail Kolhu and Nourish, also aims to enter the premium market segment through 'Leads Connect'. As part of a larger strategy, BL Agro will cater to various customer demographics by leveraging a multi-brand approach to tap into middle and upper-middle markets, all while exploring export opportunities in the global arena.
(With inputs from agencies.)
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