Annapurna Swadisht gears up for 50% CAGR
Annapurna Swadisht Ltd on Sunday said it aims to double revenue in 2023-24 to over Rs 300 crore and maintain a compound annual growth rate (CAGR) of at least 50 per cent over the next 4-5 years.
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Kolkata: Annapurna Swadisht Ltd on Sunday said it aims to double revenue in 2023-24 to over Rs 300 crore and maintain a compound annual growth rate (CAGR) of at least 50 per cent over the next 4-5 years. This ambitious growth for the food-focused FMCG company of East and Northeast India will be driven by increased market penetration and expansion into two major categories: biscuits and noodles, a senior company official said. To achieve this, the company has roped in GP Sah, the global CEO of the Nepal-based FMCG company that owns Wai Wai branded noodles, to steer the company into its next phase of growth. Annapurna’s managing director, Shreeram Bagla, infused fresh talent into the company with the goal of reaching a topline of Rs 1,000 crore within 3-4 years from Rs 160 crore in FY’23.
