Bonn Group eyes Rs 1,000 cr turnover, pan India presence by 2021

Delhi: Punjab-based bread and biscuit maker Bonn Group, aims a turnover of Rs 1,000 crore in next three years driven by diversification of products and expansion across the country, said a top company official.

As part of its expansion plan, Bonn Group has entered into Southern markets in the biscuits segment and aims to have a presence in the bakery segment also in the next three years.

The company is planning to have a pan India presence by 2021 for both — bread and biscuits segment, the official said. 

“We are aiming to touch Rs 1,000 crore turnover in the next three years. We are maintaining a CAGR (compound annual growth rate) of 30 to 35 per cent per year,” Bonn group of industries Director Amrinder Singh told PTI.

The company had a turnover of Rs 600 crore in the financial year 2017-18.

Presently, the Ludhiana-based company gets around 60 per cent of its revenue from bread, 30 per cent from biscuits and the rest 10 per cent from rusks, cakes and other products.

Presently, the company has 12 manufacturing units and is exporting to around 55 countries.

“We are presently manufacturing one million loafs a day,” Singh added.

The company, as per its marketing strategy, has several brands besides Bonn to cater the different price points and different segments in the market, which includes – New Health, La Americana and Americana.

“In La Americana, we have all gourmet range for the lifestyle segment and aspirational products,” he said.

The company has a fleet of around 500 vehicles to supply its distributors for a time bound delivery.