Paper Boat maker posts 62% jump in FY19 revenue
Bengaluru-headquartered Hector Beverages posted a net loss of ₹59.88 cr in FY19
Hector is currently present in five states in India and draws a large part of its sales from states of Maharashtra, Karnataka, and Andhra Pradesh
New Delhi: Hector Beverages Private Limited, the maker of the Paper Boat brand of ethic beverages reported over 60% jump in revenue for the financial year ended March 2019, according to data from business intelligence platform Tofler. Revenue from operations at the maker of packaged drinks and foods jumped 62% to ₹189.56 crore up from ₹116.94 crore it posted in the year-ago period as it expanded its distribution to reach more tier-2 and tier-3 markets, and rolled out lower priced stock keeping units as it hopes to reach more households in India.