Punjab-based bread and biscuit maker Bonn Group, aims a turnover of Rs 1,000 crore in 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 Rs 1,000 crore turnover in 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.
Presently, the Ludhiana-based company gets around 60 per cent of its revenue from bread, 30 per cent from biscuits and rest 10 per cent from rusks, cakes and other products.
Bonn has presence in Northern markets which includes J&K, Haryana, Punjab, Uttrakhand, UP, Rajasthan, MP and Delhi and is now expanding in Bihar.
“We are also expanding in South. We have taken a plant in Mysore for biscuits and started operations in South,” he said adding “We have also plans to take our bread to Southern market.”