Patanjali plans to double its turnover in current fiscal

When Baba Ramdev announced previous year that he is all set to take his company go past beyond Rs.10,000 revenues, not all believed it but the results are out.

"We will not divide our menu into North Indian and South Indian".

Patanjali clocked a turnover of Rs 10,561 crore in the fiscal year ended March 31, 2017, said Ramdev, fondly addressed as Bajabi by the audience.

Harminder Sahni, founder of Wazir Advisors, said: "Serving a packaged product is one business and running a restaurant is a very different ball game as same quality has to be provided each time by trained staff". "We would grow more than double this year".

After creating a flutter in FMCG (fast-moving consumer goods) market, Baba Ramdev's Patanjali is planning to enter restaurant business and compete with multinational fast food giants like McDonald's Corp., Kentucky Fried Chicken Corp. and Subway Restaurants.

The company to achieve its target is in the process of setting up mega production units at several places, including Noida, Nagpur, and Indore, which would take its production capacity to Rs 60,000 crore from the existing Rs 35,000 crore.

The aim, according to Ramdev, is to wean Indians off what he considers unhealthy food.

Now operating primarily from Hardwar, Patanjali is looking to set up facilities at destinations such as Noida, Nagpur and Indore, among others, that would take his production capacity to Rs 60,000 crore in the next one year from Rs 35,000 crore now.

The company is now planning to double the revenue to Rs.21,000 for this fiscal year.

The group has a yearly turnover Rs 10,561 crore, out of which Ayurveda comprises Rs 9,346 crore, Divya Pharmacy Rs 870 crore, and Patanjali Gramodyog Rs 345 crore.

The Haridwar-based company, which doubled FY17 revenues from around Rs5,000 crore in fiscal 2015-16, now hopes to cross Rs20,000-25,000 crore in sales this financial year. From around Rs 2,000 crore in 2014-15, the company has managed to grow its revenue exponentially.

Patanjali has said it plans to develop a Rs 1,000-crore food park at the Multi-model International Cargo Hub and Airport, Nagpur (MIHAN), packaging juices made from the city's famous oranges, among other things.