Pansari Group, a prominent player in the B2C FMCG sector, made an exciting announcement on Monday. The company reported an impressive 30% boost in sales volume for the financial year 2022-23. Looking ahead, Pansari Group expressed high expectations for its sales growth, aiming to double its sales in the financial year 2024.
The company derives a significant 70% of its sales from the Retail general trade (GT) sector, where it has successfully established a country-wide network of over 729 distributors and more than 145,527 retailers. This financial year, the Pansari Group has observed notable sales growth in the Uttar Pradesh region and intends to replicate this success in other states in the forthcoming months.
“The company has witnessed a robust growth in the sales number compared to the previous Fiscal Year and we will broaden our brand’s reach while we continue to innovate and deepen our relationship with our customers,” Shammi Agarwal, Director, Pansari Group said.
With over six decades of experience in the FMCG sector, the Pansari Group stands as a family-run business. Their operations span across India, functioning through a network of distributors and retailers. In addition to their domestic presence, the group actively engages in exports to over 61 countries, including Australia, New Zealand, Canada, USA, Hong-Kong, Singapore, South Africa, Seychelles, Kenya, Tanzania, and more. Export sales contribute to a notable 21% of their revenue, while the remaining balance is generated from domestic sources.
According to the recent statement, the Pansari Group has recently extended its operations to encompass the Western and Southern Indian markets. Furthermore, the group is actively making preparations to establish a strong presence in the FMCG sector throughout the entire nation.