Bonn Group objective INR 1,000 crore turnover, pan India presence by 2021
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.Devdiscourse News Desk | Newdelhi | Updated: 19-10-2018 15:26 IST | Created: 19-10-2018 12:17 IST
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 a presence in the bakery segment also in the 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 the 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 the financial year 2017-18.
"We would have grown from both the segments - bread and biscuits. These are the two categories which would continue to contribute to our growth rate, which is our core business," he said.
Presently, the company has 12 manufacturing units and is exporting to around 55 countries.
"We are presently manufacturing one million loafs a day," Singh added.
The company, as per its marketing strategy, has several brands besides Bonn to cater the different price points and different segments in the market, which includes - New Health, La Americana and Americana.
"In La Americana, we have all gourmet range... for the lifestyle segment and aspirational products," he said.
The company has a fleet of around 500 vehicles to supply its distributors for a time bound delivery.
Bonn has the 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 planned to take our bread to Southern market."