29 May 2024
8. The Organic World eyes to be Rs 100 crore brand by FY 25 end
Grocery retailer The Organic World, which closed the last fiscal at Rs 35 crore, is planning to close this fiscal at Rs 60 crore and is eyeing to be a Rs 100 crore brand by FY 25 end, Gaurav Manchanda, founder and director, Nimida Group (the parent company of The Organic World) told ETRetail.
Over the past years, the brand has been growing between 2.5 to 5 per cent month-on-month and ends the year with a 20-25 per cent growth. Talking about the profitability of the brand, Manchanda said, "At the unit level, we have reached the break-even point and stores continue to be profitable, however, we are still not profitable at the head office level."