Domestic ice-cream maker Vadilal Industries today said it plans to nearly double its revenue in the next three years.
“Last year, our top-line was Rs 450 crore. We expect that in the next three years it will be Rs 750-800 crore,” Vadilal Industries President Rajesh Gandhi told reporters here.
The company further said it aims to double the turnover of its processed food segment in three years.
“We expect our processed food segment will grow to Rs 100 crore in three years. It is right now at Rs 50 crore,” he added.
The company’s processed food brand ‘Quick Treat’ will also be rolled out in Delhi NCR and Goa next month, while it will penetrate in southern part of the country next year, he further said.
“For exports, Vadilal will focus on North America, West Asia, UK, South Africa and Australia,” he added.
On investment front, Gandhi said there won’t be much as the company has an existing capacity of 5,400 tonnes of canned food and 12,000 tonnes for frozen product, and the firm uses only 30-35 per cent of the capacity at present.