Sunday, April 10, 2011

Mawana Sugars eyes 80% growth

MUMBAI: Mawana Sugars is eyeing about 80% growth in revenue by FY 13 at around Rs.1,800cr following its foray into the branded sweetener segment.

"We are targeting a revenue growth of 70-80% at Rs.1,700-1,800cr in FY 13 by focusing more in our branded segment and strengthening our product portfolio," Mawana Sugars managing director Sunil Kakria said.

Mawana Sugars' revenue for 2009-10 stood at over Rs.1,000cr. The company, which has a crushing capacity of 29,000tn per day, is planning to focus on increasing its specialised sugar segment, which is used in making baby food, food, beverage and pharmaceutical.

"We are producing 300,000tn sugar pa, of which about 1,00,000tn is specialised sugar," he said. Out of the 1,00,000tn specialised sugar produced, it supplies 20,000-25,000tn to pharmaceutical companies, 50,000-60,000tn to food and beverage companies and 15,000tn for branded sugar.


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