Ruchi Group of Industries today said it is expecting up to 15 per cent growth in revenue following high crushing, better margins and growth in soya meal exports.
“We are expecting 10-15 per cent growth in sales this fiscal year mainly on account of higher crushing, better margins through product innovations and increase in branded sales. Rise in soya meal exports will also help in boosting our revenue,” Ruchi Group of Industries Managing Director Dinesh Sahara told reporters here. The company’s overall revenue in FY’12 stood at nearly Rs 26,000 crore.
Ruchi Group of Industries, which recently launched margarine, is planning to introduce more healthy options of edible oils in future. About exports, he said the company expects to ship about 1.7-1.8 million tonnes of soya meal compared with 1.5 mt last year.
“We are expecting this rise in exports mainly due to higher global demand as the crops in South America were affected following drought,” he said. On the country’s soyabean production this kharif season, he said it is likely to be a record crop at about 10.5-11 mt and the arrivals will peak in mid-October.
“The late rainfall did not have any major impact either on the crop yield or the size and this is expected to boost the overall soyabean meal exports to about 5 mt this crop year (October-September) from 4.5 mt last year,” Sahara said.
Rape seed or mustard crop is also likely to be 10-15 per cent higher than last year at about 6.5 mt this season mainly due to good rainfall and better soil condition in the producing areas, he said.
Last year, the overall mustard output stood at 5.34 mt. However, due to decline in production of groundnut and cotton seed, the vegetable oil import is likely to be at 9.8 mt this oil year (November-October), which is yet to end. The overall demand, which is also growing at 5 per cent annually, will also add to the rise in imports, he added.
Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/ruchi-group-aims-at-15-higher-revenue/article3926451.ece
“We are expecting 10-15 per cent growth in sales this fiscal year mainly on account of higher crushing, better margins through product innovations and increase in branded sales. Rise in soya meal exports will also help in boosting our revenue,” Ruchi Group of Industries Managing Director Dinesh Sahara told reporters here. The company’s overall revenue in FY’12 stood at nearly Rs 26,000 crore.
Ruchi Group of Industries, which recently launched margarine, is planning to introduce more healthy options of edible oils in future. About exports, he said the company expects to ship about 1.7-1.8 million tonnes of soya meal compared with 1.5 mt last year.
“We are expecting this rise in exports mainly due to higher global demand as the crops in South America were affected following drought,” he said. On the country’s soyabean production this kharif season, he said it is likely to be a record crop at about 10.5-11 mt and the arrivals will peak in mid-October.
“The late rainfall did not have any major impact either on the crop yield or the size and this is expected to boost the overall soyabean meal exports to about 5 mt this crop year (October-September) from 4.5 mt last year,” Sahara said.
Rape seed or mustard crop is also likely to be 10-15 per cent higher than last year at about 6.5 mt this season mainly due to good rainfall and better soil condition in the producing areas, he said.
Last year, the overall mustard output stood at 5.34 mt. However, due to decline in production of groundnut and cotton seed, the vegetable oil import is likely to be at 9.8 mt this oil year (November-October), which is yet to end. The overall demand, which is also growing at 5 per cent annually, will also add to the rise in imports, he added.
Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/ruchi-group-aims-at-15-higher-revenue/article3926451.ece
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