DS Group's confectionery business surpasses Rs 1,000 Cr turnover in FY 2023-24

Delhi: Dharampal Satyapal Foods (DSFL), the confectionery arm of DS Group, has achieved a milestone by surpassing Rs 1,000 crores in annual sales turnover in FY 2023-24. 

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 years through organic and inorganic growth.

DS Group aims to achieve a sales turnover of Rs 5,000 crores over the next five years. 

Speaking on the occasion, Rajiv Kumar, Vice Chairman of DS Group, said, "We are thrilled to announce the Rs 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. 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.”