Hyderabad-based Heritage Foods expects to cross Rs 1,000 crore turnover by FY19 and plans to invest Rs 20 crore every year to expand stores across cities such as Bengaluru, Chennai and Hyderabad.

The company has appointed management consultancy firm KPMG to look for strategic partners. It is looking at investing Rs 20 crore every year to expand its stores across cities such as Bengaluru, Chennai and Hyderabad. “We would like to add 75,000-100,000 sq ft of trading space per year for the next five years. We expect to cross Rs 1,000 crore turnover by FY19,” Heritage Foods COO, Retail and Bakery Dharmendar Matai said in a statement here.

http://www.business-standard.com/article/pti-stories/heritage-foods-eyes-rs-1-000-cr-turnover-by-fy19-116022200824_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *