The confectionery arm of Dharampal Satyapal Foods (DS Group) has achieved an annual sales turnover of INR 1,000 crores in FY 2023-24.
The company has now set its sights on achieving a Compound Annual Growth Rate (CAGR) of approximately 30% and reaching a turnover of INR 5,000 crores over the next five years through organic and inorganic growth strategies.
“This milestone reflects our strategic focus on increasing localization, diversifying our product offerings, and cultivating one of the most expansive distribution networks nationwide,” remarked Rajiv Kumar, Vice Chairman of DS Group. “Moving forward, our goal is to expand our presence in the chocolate sector while strategically reinforcing our leadership position in the Indian ethnic confectionery market through innovative product launches.”
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Established in 1929, the DS Group (Dharampal Satyapal Group) stands as a diversified corporation and a prominent FMCG conglomerate. With a wide-ranging portfolio, the company operates across various sectors including mouth fresheners, food and beverage, confectionery, hospitality, agriculture, and luxury retail. Renowned brands under its umbrella include Rajnigandha, Catch, Pulse, FRU, Ksheer, Pass Pass, BABA, Tulsi, L’Opera, Le Marche, UnCafe, Birthright, Laderach, LuvIt, Chingles, The Manu Maharani, and Namah. Notably, the company holds a dominant position in the Hard Boiled Candy (HBC) and Indian ethnic confectionery (IEC) segments.
DS Group’s confectionery products are accessible through a network spanning over 26 lakh retail outlets, both directly and indirectly. Over the past three years, the confectionery division of DS Group has achieved a remarkable growth rate of over 20% CAGR.
Continue Exploring: DS Group boosts portfolio with acquisition of LuvIt Chocolate brand, solidifying market position
