Greendot Health Foods eyes setting up new plant

Apart from Nacho Crisps, Greendot sells salsa and cheese dips, roasted nuts like cashews, peanuts, almonds, salted pumpkin seeds, and other products.
  • Vaishnavi Gupta Features Writer
Cornitos

Greendot Health Foods, owning the popular nachos brand Cornitos, is planning to build a new manufacturing facility in the financial year 2019-20 as it expects significant pick-up for its products. Apart from this, the company is eyeing to touch the Rs 100-crore turnover mark by the end of the year on the back of product and distribution network expansion.

Vikram Agarwal, Managing Director, Greendot Health Foods, said, “Right now, we are evaluating options for the location of the new plant. Once the elections are over, we will check on the incentives the Central government and state governments would be giving and then make a final decision on where to make the investment.”

Besides a new plant, Greendot will further expand its manufacturing capacity from 300 tonnes of nachos every month to 500 tonnes in the Roorkee plant.

“Our plans to foray into tier-II and tier-III cities, to enter non-corn-based snacks category and launch a new range of snacks and more flavours of flagship nachos before Diwali this year will help us achieve the Rs 100 turnover-mark. I also feel the headwinds the industry faced in the form of demonetisation and GST (Goods and Services Tax) is over now. I am very optimistic about the future,” Agarwal added.

Apart from Nacho Crisps, Greendot sells salsa and cheese dips, roasted nuts like cashews, peanuts, almonds, salted pumpkin seeds, and other products.

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