Health and wellness brand Organic India is eyeing over Rs 500 crore turnover by the end of fiscal 2020.
The company’s revenue in 2016-17 stood at Rs 350 crore.
Abhinandan Dhoke, MD and CEO of Organic India said, “We are looking at a turnover of over Rs 500 crore by end of fiscal 2020. We have registered compounded annual growth rate of more than 20 per cent for the last 5 years. Demand for organic products has been growing. As we enter into new product categories…our growth will only increase.”
Fab India is a strategic partner and owns 51 per cent stake in Organic India.
We plan to launch a pilot with select organic skincare and bodycare products in select cities in the next fiscal,” he added.