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DS Group Catch Spices enters the Rs 1000 crore club
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Thursday, 18 April, 2024, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Catch Spices, a core brand of Dharampal Satyapal Group (DS Group), a multi-business corporation and a leading FMCG conglomerate, has marked a significant leap in the packaged spice industry by announcing its entry into the Rs 1000 crore club. Having achieved an impressive year-on-year growth rate of 24 percent in the last two years, it remains optimistic about its growth prospects. With a strategic vision, it aims to bolster its presence targeting a Compound Annual Growth Rate (CAGR) of approximately 30% over the upcoming five years.
Giving impetus to its aggressive expansion plans, through modern-format stores and e-commerce including quick commerce platforms, it has diversified its vibrant portfolio by venturing into pastes, gourmet gravies, grinders, herbs, and pink rock salt, with several new product developments underway. Expanding reach and boosting growth will involve enhancing product offerings with a focus on digital-first products, and regionalization catering to local taste palates. It is ambitiously strategizing to dominate the Indian kitchen space with differentiated products that bring purity, taste, and convenience as key drivers.
Rajiv Kumar, vice chairman of DS Group, said, "Our relentless pursuit of excellence and a consumer-centric approach enabled Catch Spices to achieve the significant milestone of being an INR 1000 crore brand. Today, Catch Spices has become synonymous with consistent quality and reliability. Our innate understanding of consumers' diverse and evolving tastes has played a crucial role in refining our product offerings, and ensuring continued success.”
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