SLMG Beverages, the leading company under the Ladhani Group umbrella, boasting bottling franchises for Coca-Cola throughout Uttar Pradesh and Uttarakhand, has set its sights on achieving a revenue of INR 10,000 crore by 2025. Paritosh Ladhani, the Joint Managing Director of SLMG Beverages Pvt Ltd, shared this ambitious goal.
In 2022, the company posted a revenue of INR 3,600 crore, and it anticipates closing the year 2023 with a revenue of INR 4,600 crore.
“Going by the revenue growth, we should touch the INR 10,000 number by 2025 and we will continue to grow aggressively. This quarter has been impacted by Monsoon as there has been rain in every month,” said Ladhani.
In the challenging year of 2020, the company’s revenue declined from INR 2,100 crore to INR 1,500 crore. However, it rebounded in 2021, reaching pre-pandemic levels with the company reporting a revenue of INR 2,200 crore during that year.
“Pandemic impacted every business but we bounced back immediately. We have invested a lot on plant and this year we will open two new plants, taking the total count to 9,” the executive said.
The company is projected to triple its capacity by the year 2030.
SLMG boasts a vast network, with more than 1.5 million outlets, supported by over 1,500 distributors and 30 warehouses.
“We track per capita consumption and in India it is still on the lower side. There is a lot of scope to grow and our investment in increasing the capacity is in line with the growth we are aiming for,” Ladhani said.
The company has made a significant investment of INR 1,500 crore in plant, machinery, and automation.
“Majority of our fleet which transport bottles is EV and in addition we also take care of the environment by recycling water and using solar power,” he said.
The company has experienced a dramatic reduction in the demand for glass bottles, with its contribution to production now standing at just 3%, compared to its previous share of 90%.
SLMG is progressing towards becoming the first Indian franchise bottler to allocate $1 billion in investments for the Coca-Cola business in India.