SLMG Beverages, the flagship company of the Ladhani Group and the bottling franchise for Coca-Cola in Uttar Pradesh and Uttarakhand, is eyeing a staggering INR 10,000 crore in revenue by 2025, according to Paritosh Ladhani, Joint Managing Director of SLMG Beverages Pvt Ltd.
Despite a challenging year in 2020 due to the pandemic, which saw the company’s revenue dip to INR 1,500 crore from INR 2,100 crore, SLMG Beverages made an impressive recovery in 2021, reporting INR 2,200 crore in revenue. In 2022, the company’s revenue soared to INR 3,600 crore, and it is expected to close 2023 at INR 4,600 crore.
Ladhani expressed confidence in the company’s growth trajectory, stating, “Going by the revenue growth, we should touch the INR 10,000 number by 2025, and we will continue to grow aggressively.”
To meet the surging demand for beverages in India, SLMG Beverages plans to open two new plants this year, increasing its total count to nine. Looking ahead, the company has ambitious plans to triple its production capacity by 2030.
With a vast network of over 1.5 million outlets, 1,500 distributors, and 30 warehouses, SLMG Beverages is strategically positioned to capitalize on India’s growing per capita consumption of beverages.
In line with its commitment to sustainability, SLMG Beverages has invested significantly in plant and machinery automation, with a total investment of INR 1,500 crore. The company has also embraced environmentally friendly practices, with a majority of its bottle transport fleet being electric vehicles (EVs). Additionally, SLMG Beverages actively promotes environmental conservation by recycling water and utilizing solar power.
Remarkably, the company has witnessed a major shift in demand, with glass bottles now constituting only 3% of its production, compared to 90% in the past.
SLMG Beverages is poised to make history as the first Indian franchise bottler to invest a whopping $1 billion in the Coke business in India, signaling its commitment to driving innovation and growth in the beverage industry.