Catch Spices Salt eyes Rs 650 cr turnover in FY16

Catch Spices Salt today said they have fixed a target to achieve turnover of Rs 650 crore in current fiscal.
"We have set up a target of Rs 650 crore turnover in this fiscal. To achieve this, we are going to boost our production from 40,000 tonne to 50,000 tonne and strengthen our distribution network," said O P Kanduja, Associate Business Head, DS SpiceCo Pvt. Ltd.
He said the company's turnover in last fiscal grew 35 per cent to Rs 400 crore against Rs 296 crore in FY15.
Kanduja said the company wanted to extend its distributor network in Madhya Pradesh to 150 by end of FY16 from current 100, adding the state accounted for two per cent of their total turnover last fiscal.