CavinKare aims to achieve turnover of Rs 5200 crore by 2012
CavinKare, well-known manufacturer of hair care, skin care and personal care products, is targeting to achieve turnover of Rs 5,200 crore by 2012, out of which it expects to earn a contribution of Rs 1,000 crore from its dairy division alone.
In addition, the company also plans to roll out new stores in India and abroad. The company intends to set up two milk plants in Andhra Pradesh, one each in Kerala and Karnataka.
At present, the dairy division has two plants, one at Erode and other at Kancheepuram, with a 2 lakh liters per day capacity.
Apart from the latest development, CavinKare is also eyeing Sri Lanka market, which imports about 55,000 tonnes of milk every month.
Sources reported that CavinKare will setup a milk plant in the island nation within the next 6 months and studies in this regard were underway.