ADF Foods has reportedly re-entered into the domestic market after 10 years. The company is expecting the domestic business to contribute an ambitious 40 percent of revenue by 2020. In this regard, the company is planning to invest Rs 100 crore in domestic business in the next five years and targeting revenue of Rs 1,000 crore by 2020.
The company is also planning to expand its export business and introduce more distributors in the US and Europe. The company’s US subsidiary is expected to grow by 30-40 percent this fiscal year. The company is also exploring inorganic opportunities in the US.
ADF foods is engaged in manufacturing, a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets. The products of the company include pickles, chutneys, frozen vegetables, pastes, mango products, frozen entrees, instant mix, frozen wraps, flavoured water, tamarind products, ready meals and poppadum.
