Western food maker Dr Oetker aims Rs 500 cr sales in 3 years

Western food items maker Dr Oetker India Pvt Ltd on Tuesday said it is aiming to increase its revenue by nearly 70 per cent to Rs 500 crore within next three years on the back of rising demand of its products.

The wholly-owned subsidiary of a German conglomerate is seeing double-digit growth in India at a time when other FMCG companies are witnessing sluggish sales.

"We have been growing at a healthy rate on the back of our products and marketing innovations. While many FMCG companies are reporting slowdown, we have witnessed high double-digit growth in 2019," Dr Oetker India Managing Director and CEO Oliver Mirza told PTI here.

This strongly establishes that Western and Indo- Western food prepared at home are fast evolving as significant new categories in the country, he added.

"We are expecting to touch Rs 300 crore revenue in this year compared to Rs 240 crore in 2018. In the next three years, our target is to cross Rs 500 crore mark in sales," Mirza said.

He said ...