Bola Rahul Kamath, Director, instructed businessline that the corporate has opened round 70 shops throughout Karnataka within the final three years, together with 20 in Bengaluru alone final 12 months. Exterior Karnataka, it has one retailer every in Goa and Mumbai.
“We’re focusing on to open one other 100 shops throughout Karnataka in 2024-25,” he stated., including that there was good response in tier-2 and tier-3 centres additionally.
He stated the corporate is ready to promote dry fruits at an reasonably priced worth because it has the benefit of backward integration within the type of a cashew manufacturing facility at Kedinje in Udupi district, Karnataka. The manufacturing facility can course of 200 tonnes of uncooked cashew nuts a day, he stated.
From cashew to dry fruits
After promoting cashews over a number of many years, the corporate expanded its dry fruits choices after the implementation of GST, he stated.
Previous to GST, dry fruits attracted 14.5 per cent VAT in Karnataka, and 5 per cent in Delhi, he defined including, “Implementation of GST offered a level-playing subject for the dry fruit commerce.”
Aside from dry fruits comparable to cashews, almonds, pista, and walnut, it sells unique ones comparable to macadamia nuts, Brazil nuts and hazelnuts.
Sweets retail
On the corporate’s entry into sweets retailing, he stated there was demand for cashew-based candy merchandise comparable to kaju kathli from present prospects. “Now we’ve round eight sorts of dry fruit-based sweets,” he stated. Bolas additionally markets honey, and namkeens.
The corporate plans to enterprise into extra southern markets exterior Karnataka. “Our intention is to develop into a one-stop resolution for all dry fruit necessities,” Kamath stated.
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