BL Agro Group, an FMCG company, is aiming for a turnover of INR 20,000 crore by 2030, focusing on sustainability, innovation, and community upliftment, according to Managing Director Ashish Khandelwal.
Strategic͏͏ Initiatives͏͏ for͏͏ Growth:
The͏͏ company͏͏ is͏͏ driving͏͏ growth͏͏ through͏͏ several͏͏ initiatives,͏͏ including͏͏ expanding͏͏ BL͏͏ Agro͏͏ into͏͏ Jharkhand͏͏ and͏͏ launching͏͏ a͏͏ millet-based͏͏ venture͏͏ to͏͏ support͏͏ tribal͏͏ communities.͏͏ Under͏͏ BL͏͏ Kamadhenu,͏͏ it͏͏ is͏͏ developing͏͏ a͏͏ model͏͏ dairy͏͏ farm͏͏ and͏͏ IVF͏͏ lab͏͏ with͏͏ 5,000͏͏ indigenous͏͏ cows.͏͏ Additionally,͏͏ it͏͏ plans͏͏ to͏͏ open͏͏ an͏͏ integrated͏͏ milk͏͏ processing͏͏ unit͏͏ with͏͏ a͏͏ capacity͏͏ of͏͏ 300,000͏͏ litres͏͏ per͏͏ day͏͏ and͏͏ a͏͏ cattle͏͏ feed͏͏ manufacturing͏͏ unit͏͏ producing͏͏ 7,500͏͏ metric͏͏ tonnes͏͏ of͏͏ balanced͏͏ feed͏͏ monthly.
“We͏͏ don’t͏͏ view͏͏ ‘Vision͏͏ 2030’͏͏ as͏͏ just͏͏ a͏͏ growth͏͏ plan;͏͏ it’s͏͏ a͏͏ commitment͏͏ to͏͏ driving͏͏ meaningful͏͏ change͏͏ across͏͏ the͏͏ agri-food͏͏ chain.͏͏ By͏͏ investing͏͏ in͏͏ innovative͏͏ solutions͏͏ like͏͏ dairy͏͏ technology,͏͏ sustainable͏͏ fodder͏͏ production,͏͏ and͏͏ space-tech-driven͏͏ analytics,͏͏ we’re͏͏ creating͏͏ a͏͏ future͏͏ where͏͏ every͏͏ part͏͏ of͏͏ the͏͏ chain͏͏ is͏͏ more͏͏ efficient,͏͏ sustainable,͏͏ and͏͏ beneficial͏͏ for͏͏ both͏͏ farmers͏͏ and͏͏ consumers,”͏͏ he͏͏ said.
The͏͏ company͏͏ plans͏͏ to͏͏ invest͏͏ INR͏͏ 1,000͏͏ crore͏͏ to͏͏ expand͏͏ its͏͏ BL͏͏ Kamadhenu͏͏ brand.
“We͏͏ will͏͏ invest͏͏ INR͏͏ 200͏͏ crore͏͏ in͏͏ developing͏͏ the͏͏ research͏͏ centre,͏͏ INR͏͏ 200͏͏ crore͏͏ in͏͏ establishing͏͏ a͏͏ compressed͏͏ biogas͏͏ plant,͏͏ INR͏͏ 100͏͏ crore͏͏ in͏͏ purchasing͏͏ cows,͏͏ and͏͏ INR͏͏ 500͏͏ crore͏͏ will͏͏ be͏͏ allocated͏͏ for͏͏ importing͏͏ embryos͏͏ to͏͏ enhance͏͏ the͏͏ cow͏͏ breed,”͏͏ he͏͏ explained.
“Currently,͏͏ the͏͏ projected͏͏ investment͏͏ for͏͏ the͏͏ next͏͏ two͏͏ years͏͏ is͏͏ INR͏͏ 1,000͏͏ crore,͏͏ which͏͏ may͏͏ increase͏͏ by͏͏ INR͏͏ 100-200͏͏ crore,”͏͏ he͏͏ added.
Milk͏͏ Processing͏͏ Plant͏͏ Launch͏͏ by͏͏ 2028:
The͏͏ company͏͏ is͏͏ establishing͏͏ a͏͏ milk͏͏ processing͏͏ plant͏͏ with͏͏ a͏͏ capacity͏͏ of͏͏ 3͏͏ lakh͏͏ litres͏͏ per͏͏ day,͏͏ expected͏͏ to͏͏ be͏͏ operational͏͏ by͏͏ 2028.
Continue͏͏ Exploring:͏͏ Indian͏͏ FMCG giant BL Agro announces͏͏ INR͏͏ 1,000͏͏ crore͏͏ investment͏͏ in͏͏ dairy͏͏ industry
“We͏͏ will͏͏ use͏͏ this͏͏ milk͏͏ to͏͏ produce͏͏ cheese͏͏ and͏͏ protein͏͏ shakes,͏͏ launching͏͏ them͏͏ under͏͏ Nourish’s͏͏ premium͏͏ category.͏͏ In͏͏ the͏͏ future,͏͏ we͏͏ also͏͏ plan͏͏ to͏͏ introduce͏͏ yogurt,”͏͏ said͏͏ Navneet͏͏ Ravikar,͏͏ Director͏͏ of͏͏ BL͏͏ Kamadhenu.
“We͏͏ expect͏͏ to͏͏ see͏͏ a͏͏ return͏͏ on͏͏ investment͏͏ for͏͏ BL͏͏ Kamadhenu͏͏ by͏͏ 2030,”͏͏ he͏͏ added.
Revenue͏͏ Growth͏͏ Projections:
The͏͏ company,͏͏ which͏͏ recorded͏͏ INR͏͏ 6,000͏͏ crore͏͏ in͏͏ revenue͏͏ last͏͏ fiscal͏͏ year,͏͏ is͏͏ aiming͏͏ for͏͏ INR͏͏ 7,500͏͏ crore͏͏ in͏͏ revenue͏͏ this͏͏ year.
By͏͏ 2030,͏͏ BL͏͏ Agro’s͏͏ manufacturing͏͏ capacity͏͏ will͏͏ be͏͏ 90%͏͏ utilised.͏͏ In͏͏ 2025,͏͏ the͏͏ company͏͏ will͏͏ add͏͏ another͏͏ manufacturing͏͏ unit͏͏ for͏͏ Nourish.
“We͏͏ will͏͏ invest͏͏ INR͏͏ 500͏͏ crore͏͏ to͏͏ quadruple͏͏ our͏͏ capacity.͏͏ Currently,͏͏ we͏͏ produce͏͏ 4,000͏͏ tonnes͏͏ of͏͏ food͏͏ products͏͏ under͏͏ Nourish͏͏ and͏͏ 3,000͏͏ metric͏͏ tonnes͏͏ of͏͏ oil͏͏ under͏͏ Bail͏͏ Kolhu,”͏͏ Khandelwal͏͏ explained.
New͏͏ Product͏͏ Launches͏͏ on͏͏ the͏͏ Horizon:
The͏͏ brand͏͏ currently͏͏ offers͏͏ 80͏͏ SKUs͏͏ under͏͏ Nourish͏͏ and͏͏ 7͏͏ SKUs͏͏ under͏͏ Bail͏͏ Kolhu.
“Once͏͏ the͏͏ new͏͏ manufacturing͏͏ unit͏͏ is͏͏ established,͏͏ we͏͏ will͏͏ introduce͏͏ 7-8͏͏ new͏͏ SKUs͏͏ in͏͏ categories͏͏ such͏͏ as͏͏ pickles,͏͏ honey,͏͏ and͏͏ pasta,͏͏ among͏͏ others,”͏͏ Khandelwal͏͏ added.
