DS Group, the owner of powerful consumer brands such as Catch Masala, Pass Pass, Tulsi, L’Opera, le Marche, LuvIt Chocolates, Rajnigandha, among others, has announced a significant milestone in its turnover.
Dharampal Satyapal Foods Ltd. (DSFL), the confectionery arm of DS Group, has surpassed INR 1,000 Cr in turnover during FY 2023-24.
DS Group is the second largest confectionery player in the non-chocolate category and amongst the largest, fastest-growing Indian confectionery players in the industry commanding a leadership position in the Hard Boiled Candy (HBC) and Indian ethnic confectionery (IEC) segments.
Rajiv Kumar, Vice Chairman of DS Group, said, “We are thrilled to announce the ₹1000 crore sales turnover of the confectionery arm of DS Group in the financial year 2023-24. This achievement is a result of our strategic focus on enhancing indigenization, expanding our product portfolio, and having one of the largest distribution networks in the country.
DS Group’s confectionery products are available across India in over 26 lakh retail outlets, including small Kirana Stores, pan shops as well as semi-organised retail stores, department store chains run by the likes of Reliance Retail, D’Mart, Spencers, More Retail, among others.
Looking ahead, we aim to grow our presence in the chocolate segment while strategically expanding our leadership position in the Indian ethnic confectionery category with innovative products.”
The confectionery division of DS Group has grown by over 20% CAGR in the last three years while the industry has grown at 9% and plans to accelerate business with a CAGR of approx. 30% over the next 5 yearsthrough organic and inorganic growth.
Championing sustainability efforts, a robust fleet of 800+ electric vehicles is deployed by the DS Group in the distribution of confectionery products, thereby contributing to a cleaner environment.
Founded in the pre-independence era in 1929, DS Group is an inspiring and successful business story that blends a remarkable history and legacy with visionary growth.
It has an extensive and diverse portfolio with presence in Mouth Freshener, Food and Beverage, Confectionery, Hospitality, Agri, Luxury Retail businesses, and other investments.