Patanjali Foods is planning to invest up to Rs 1,500 crore in the next five years on capital expenditure, mostly for scaling up its palm oil business. The company has set a target of clocking a turnover between Rs 45,000-50,000 crore in the next five years as it expands its product offerings and distribution reach.
The company expects its new range of premium offerings in nutraceuticals, health biscuits, Nutrela millet-based cereals, and dry fruits to play a significant part in meeting the five-year target.
Patanjali Foods, erstwhile Ruchi Soya Industries, sells its products under brands like Ruchi Gold, Mahakosh, Sunrich, Nutrela, Ruchi Star and Ruchi Sunlight.
