Ramdev jokes on ‘Honey Preet’

By 29th September 2017 0 Comments

Swami Ramdev jokes on ‘Patanjali Honey’ and ‘Honey Preet’ in Aap Ki Adalat
Yoga guru-turned-businessman Baba Ramdev on Wednesday said his company Patanjali Ayurved Ltd will need to borrow Rs5,000 crore to expand production capacity to support growth as it aims to become the largest packaged goods company in the country by March 2019.

“Patanjali’s revenue will be more than HUL’s (Hindustan Unilever Ltd) in 2018-19. To support this growth, we’ll need to borrow over a period of time,” Ramdev said, adding that his dream is to emerge as the “largest packaged goods company in the world by 2020-21”.

Ramdev’s target looks scarcely credible. Hindustan Unilever, the country’s largest packaged goods company, has reported revenue at Rs34,487 crore in the year ended 31 March 2017, according to the company’s filings. In comparison, Ramdev’s Patanjali posted revenue of Rs10,561 crore during the same year, doubling from around Rs5,000 crore the previous year.

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