- January 31, 2018 / 2 min readWith water being the most in-demand beverage of future Manpasand would launch multiple facilities of packaged drinking water
Homegrown beverage maker Manpasand Beverages Ltd aims to have 20 plants pan-India by 2020 in its effort to drive volumes.
With water being the most in-demand beverage of future, Manpasand would launch multiple facilities of packaged drinking water.
In its Q3 results announced on Tuesday, the company reported 64% rise in net profit at Rs. 11.91 crore in the third quarter as against net profit of Rs. 7.24 crore in Q3 of last fiscal.
“For a country whose per capita consumption of cold drinks stand at mere 6 litres against 90 litres in US, we need to have more affordable products to drive sales. We can beat MNCs only by creating volumes and flooding the market with desi brands” said Dhirendra Singh, Chairman of Manpasand Beverages Ltd.
Singh also shared Rs 600 cr expansion plan which is already underway across multiple locations and Manpasand would have double capacity by the end of 2018. The company clocked a turnover of in excess of Rs 750 crore in 2016-17.
Manpasand that has been driving growth through its flagship brand Mango Sip that has 75% share in the revenues has tied up with Parle Products to cross promote products. This would enable Manpasand to get access to the 4.5 million outlets of Parle Products spread across India.
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