Targeting a top-line revenue of Rs 150 crore from the food category in FY 2023-24
Sunpure, a part of MK Agrotech Group, has announced its foray into the Rs 25,000 crore branded spices market with the launch of Sunpure Red Chilli Powder, Sunpure Turmeric Powder and Sunpure Coriander Powder. Soon, the company will be unveiling its blended spice mixes as well as new product categories like grains, pulses, and dry fruits.
In 2023, MK Agrotech, the parent company, plans to further expand its product portfolio to include grains, pulses, dry fruit, and other food products, with a vision to strengthen the brand’s legacy of bringing together technology and tradition. The company is targeting a top-line revenue of Rs 150 crore from the food category (aside from the earnings from its edible oil products) in FY 2023-24.
The newly launched Sunpure spices will be available across retail stores in Mysore starting this month, followed by other key markets in the coming months.
Commenting on the company’s future plans, Gokaran Singh Pawar, National Sales Head, MK Agrotech, said, “This year, we are all set to widen our reach in the food industry. Our aspiration is to cater to the needs of every Indian kitchen in the most sustainable way.”
Sunpure spices are processed carefully to retain the bioactive component like capsaicin in chilli, curcumin in turmeric and essential oil in coriander. They are carefully graded, scientifically processed, and hygienically packed, in accordance with the quality parameters of the Food Safety Standard Authority of India, Good Manufacturing Practice (GMP) and Good Hygiene Practice (GHP), ensuring food quality and safety throughout the food supply chain.