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Biyani eyes Rs10,000 cr revenue from food business in 4 yrs

Biyani eyes Rs10,000 cr revenue from food business in 4 yrs
PTI
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First Published: Sun, Aug 29 2010. 12 48 PM IST
Updated: Sun, Aug 29 2010. 12 48 PM IST
Mumbai: The Kishore Biyani-run Future Group is eyeing around Rs10,000 crore revenue from its food business over the next 3-4 years and a 40% growth this fiscal.
“We expect around Rs10,000 crore from our food business in the next 3-4 years -- we see this segment as a huge growth driver going forward,” Future Group’s founder and chief executive officer Kishore Biyani said.
The group’s strategy will be to drive growth through vegetarian foods, a high-growth segment, he said.
“People have become more selective in their tastes. Our vegetarian foods are doing very well,” he said.
The Group has around 210 Big Bazaar and Food Bazaar stores in the country.
Another growth-driver going forward will be its fashion business, which Biyani said, was “surprisingly” unaffected even during the economic slowdown.
“We maintained our prices even as competition raised theirs by 20-30%,” he said.
The growth in fashion would be driven by customers who have become “very selective” in what they wear everyday.
Revealing the secret behind the group’s increasing success in the fashion business, Biyani said this was because the group was always attempted to provide the best products to its customers.
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First Published: Sun, Aug 29 2010. 12 48 PM IST