DS Group Aims To Double Turnover To Rs 20k Cr By 2029

New Delhi: Homegrown FMCG firm Dharampal Satyapal Group is looking to double its turnover to Rs20,000 crore by 2029, when it completes 100 years, for which it will make a cumulative minimum investment of up to Rs3,000 crore, according to its Vice-Chairman Rajiv Kumar.

Hospitality, and food and beverages (F&B) wherein acquisition opportunities are being explored, are the focus areas for expansion of the group as it looks to meet the 2029 target, Kumar told media in an interview. Dharampal Satyapal (DS) group, earlier known for its chewing tobacco products, expects the segment's contribution, which was less than 10 per cent of its overall turnover of Rs10,000 crore in 2024-25, to remain small but won't exit it totally, he added. "We just closed 2024-25 with a turnover of Rs10,000 crore plus.

We are now among the top 10 to 15 FMCG companies in India. In the next five years, by 2029 when we complete 100 years, we are setting a target for ourselves to make it Rs20,000 crore," he said. In FY25, out of the Rs10,000 crore turnover, 42 per cent is from food and beverages, 38 per cent from mouth fresheners with the tobacco segment accounting for less than 10 per cent, which was almost 100 per cent three decades back, Kumar said, adding the hospitality segment's contribution was at 3 per cent. When asked about the key focus areas for expansion in the next four to five years, he said, "Our focus is hospitality.