Mahindra Agri Solutions, subsidiary of Mahindra & Mahindra, is aiming at Rs 1,500 crore topline in FY 2017 or 50 per cent growth over last fiscal on the back of positive conditions for farm growth.
“This year, we are aiming at Rs 1,500 crore topline due to sufficient rainfall that is expected to be positive for the farm sector. Last year, we had a turnover of Rs 1,000 crore growing eight times in last four years,” Mahindra Agri brand & marketing VP Partho Chakraborty said.
Speaking about its food product brands Nupro and Sabaro, he said the company is into edible oils in West Bengal and pulses in Mumbai with Nupro brand and both are doing well.
“We are only 15 months in edible oil and a year in pulses while, in dairy just five months. We are still at incubation stage and after two years, we would think about expanding beyond these markets,” Chakraborty said.
Nupro mustard oil is doing better in districts than in Kolkata. It will also improve distribution network from 8,000 retailers to 12,000 retailers by this fiscal, he said.